2124 Hermosa Avenue new Save Request In-Person Tour Request Virtual Tour
Hermosa Beach,CA 90254
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,765 sqft
Price per Sqft $1,040
MLS Listing ID SB-25013040
Bedrooms 10
Full Baths 8
Year Built 1972
Lot Size 4,025 Sqft
Property Description
Introducing a rare opportunity to own a legacy six-unit income property in the heart of North Hermosa Beach, one of Southern California's most coveted coastal neighborhoods. The location is hard to beat: just three doors from The Strand and steps from iconic local favorites like Martha's, The Bottle Inn, and The Green Store, with both the Manhattan Beach and Hermosa Beach Piers within easy reach. Offering an unbeatable combination of premier location, breathtaking ocean views, and exceptional investment potential, this irreplaceable property is a standout in every way. With a favorable unit mix of (2) 3-bedroom, 2-bath units and (4) 1-bedroom, 1-bath units, this substantial 5,765 sq. ft. building sits on an oversized 4,025 sq. ft. lot spanning from Hermosa Avenue to a high point on Palm Drive. The lower four units are all 1-bedrooms, while the upper two 3-bedroom units crown the property, offering awe-inspiring, panoramic views of the Santa Monica Bay from Malibu to Palos Verdes and Catalina Island. Perched on the first rise of the hill from the sand, this building towers over its neighbors, standing as an irreplaceable legal nonconforming structure with unmatched ocean, sand, and whitewater views. An appx. 1,200 sq.ft. ocean view community deck and 9-car garage parking are standout features, while private storage and an on-site laundry room add convenience for tenants. Located in a high-demand rental market, the property offers substantial upside for investors, with pro forma net income of $295,072 (4.9% cap rate). A 4,400 sq.ft. home on Hermosa Avenue recently sold for $11M, further underscoring the high demand for this location and the uniqueness of this opportunity. Reach out now to submit your offer on this Hermosa Beach multifamily gem.
Location
State CA
County Los Angeles
Zoning HBR3YY
Interior
Cooling None
Fireplaces Type Gas
Laundry Individual Room
Exterior
Garage Spaces 9.0
Pool None
Community Features Sidewalks
View Y/N Yes
View Bluff,Catalina,Coastline,Ocean,Panoramic,Pier,Water,White Water
Building
Lot Description Rectangular Lot
Sewer Public Sewer