2124 Hermosa Avenue

Hermosa Beach, CA 90254

  • 0 Bed(s)
  • 0 Bath(s)
  • 5,765 Sqft
  • 4025
    Sqft(Lot)
$6,000,000

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.

a spacious 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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48383710

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1972
    • Building Area Total: 5,765

    Pool Features

    • None

    Laundry Features

    • Laundry Room

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.0924
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 4025

  • Listing Price Information

    • Original List Price: 6,000,000
    • Listing Contract Date: 2025-01-20

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4182009003

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 148 - Hermosa Bch Sand
    • Postal Code Plus 4: 2857
    • Directions: Hermosa Ave to 22nd St
    • Zoning: HBR3YY
    • Source Property Type: Residential Income
    • Area: 148 - Hermosa Bch Sand
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 53
    • Common Walls: No Common Walls
    • Structure Type: Apartment
    • Year Built Source: Public Records
    • Entry Level: 2
    • Entry Location: South side
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BuyOwner last updated this listing 01/22/2025 @ 23:57

  • MLS: SB25013043
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 5,765 sqft, 4,025 sized lot, and 9 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Hermosa Beach , in zip code 90254, this Los Angeles County Home are nearby neighborhoods.