Deal of the Week…sort of
Thursday, March 26th, 2009My deal of the week talks about the property at 225 25th st. in Hermosa Beach. This was a great, great piece of property, it is located on the north east corner of 25th st. and Ozone Dr. It’s perched up on the hill of 25th st. and has a great ocean view from the second level. This house is zoned (currently) that if you wanted to tear it down you could and build 3 STORIES high!!!!
The house was originally built in 1939 and sits on a great 3,300+ square foot lot and is less than 2 blocks from the beach! It has a really unique floor plan with 2 bedrooms and 1 bath upstairs along with a large living room with a fireplace and a formal dining room and kitchen. Downstairs is a 1 bedroom 1 bath with an additional living room and fireplace along with a small kitchenette so you can have the place as a duplex if you want. Its also was one of the only houses I have ever been in that has a bomb shelter out in the backyard.
The story from the agent was there was 3-4 offers and it sold significantly over the asking price of 1,395,000. In my opinion it was a really good buy at their price even at 1,500,000 it was worth the money but when you start getting up higher than that it became less of a “deal” for me anyway.
The property was a trust sale (the owners had died) and it was the first time ever to be on the open market! It was very well taken care, absolutely zero deferred maintenance. It was listen by Kevin Klien.










