2124 Hermosa AVE Hermosa Beach, CA 90254
UPDATED:
01/20/2025 05:37 PM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 5,765 sqft
Price per Sqft $1,040
MLS Listing ID SB25013040
Bedrooms 10
Full Baths 8
HOA Y/N No
Year Built 1972
Lot Size 4,024 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area 148 - Hermosa Bch Sand
Zoning HBR3YY
Interior
Interior Features Primary Suite
Cooling None
Fireplaces Type Gas
Fireplace Yes
Laundry Laundry Room
Exterior
Garage Spaces 9.0
Garage Description 9.0
Pool None
Community Features Sidewalks
View Y/N Yes
View Bluff, Catalina, Coastline, Ocean, Panoramic, Pier, Water
Attached Garage Yes
Total Parking Spaces 9
Private Pool No
Building
Lot Description Rectangular Lot
Dwelling Type House
Story 4
Entry Level Multi/Split
Sewer Public Sewer
Water Public
Level or Stories Multi/Split
New Construction No
Schools
School District Manhattan Unified
Others
Senior Community No
Tax ID 4182009003
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
