Located in the heart of Hermosa Beach, just steps from the sand and moments from Pier Avenue, this well-situated triplex offers a rare opportunity to own a full-lot income property in one of the most walkable coastal pockets in the South Bay. The property consists of two 2-bedroom / 1-bath units and one 1-bedroom / 1-bath unit, all positioned on an oversized lot in a premier beach-close location. With immediate access to the beach, Pier Avenue dining, shops, cafés, and the Hermosa Beach pier, this is a true lifestyle location that consistently drives strong tenant demand. On a pro forma basis, the property offers an estimated 3.50% cap rate and 18.6 GRM, reflecting both income upside and long-term land value. The property presents multiple paths forward - hold as-is, update units to capture upside in rents, or explore future development potential. A compelling opportunity for investors or end users seeking long-term value in a blue-chip Hermosa Beach location where proximity, walkability, and land scarcity remain irreplaceable.
TRIPLEX PROPERTY COMPRISED OF (1) 1-BEDROOM/1-BATHROOM UNIT, (1) STUDIO/1-BATHROOM UNITS & (1) 1-BEDROOM/1-BATHROOM PLUS DECK. Discover this exceptional triplex in the heart of Hermosa Beach, California, perfectly positioned just a few blocks from The Strand and the shimmering Pacific Ocean, embodying the essence of coastal luxury living. As a prime investment opportunity, this versatile asset offers strong potential for owner-occupancy, allowing you to reside in one unit while generating income from the others. With outstanding potential for Accessory Dwelling Units (ADUs), buyers can explore adding extra rentals to significantly boost revenue though verification of feasibility is advised. Benefiting from favorable rent regulations, the property is exempt from Los Angeles City rent control and falls under AB 1482, enabling attractive annual rent increases to maximize returns. Its eligibility for standard residential financing makes it accessible to a broad spectrum of buyers, simplifying acquisition. Currently delivering robust income with a 2.84% cap rate and 21.66 GRM, it promises even greater upside through pro-forma projections of a 3.71% cap rate. The location's exceptional market appeal shines with proximity to King Harbor, Hermosa Beach Pier, Redondo Beach Pier, and vibrant Pier Avenue, providing endless beachside dining, shopping, and recreational options. Inside, enjoy modern amenities like a fully renovated studio unit and Unit C's private deck for enhanced comfort. Practical features include a spacious 2-car garage for secure parking and on-site laundry facilities that generate an additional $200 per month in passive income. This triplex combines immediate cash flow, growth potential, and an unbeatable seaside lifestyle - don't miss out on this Hermosa Beach gem.
Welcome to this rare classic Hermosa Walkstreet duplex, located just four houses from The Strand in the heart of Hermosa Beach. The remodeled front residence offers two bedrooms plus a third bedroom or office. A separate studio unit is located at the rear and is well suited for owner-users, extended family, or rental income. A spacious patio framed by mature landscaping and palm trees creates a welcoming outdoor setting for relaxing and entertaining. The main home is entered on the second level, where a generous ocean-view deck provides an ideal space for gatherings and sunset views. Inside, the residence has been updated with oak flooring, vaulted ceilings, and a fireplace serving the living and dining areas. French doors open to the ocean-view patio, allowing for easy indoor-outdoor living. The primary bedroom includes an en-suite remodeled bathroom. A second bedroom and an additional remodeled bathroom are also located on this level. The third level offers a spacious loft ideal for use as a third bedroom or flexible living area, complete with an attached half bath. Additional features include an extra bathroom off the garage and a bonus flex space or closet area. At the rear of the property is a separate studio unit with its own private entrance from 10th Court. This unit features vinyl flooring along with a remodeled kitchen and bathroom, making it well suited for guests, rental use, or extended family. The property features a private rear driveway accessed from 10th Court, complete with newly painted concrete and fresh landscaping. It offers parking for up to six vehicles, including a two-car garage and additional space for four cars in the driveway. Situated in the Sand Section near the beach, pier, and local dining, this Hermosa Beach duplex presents a rare opportunity to own a versatile coastal property in an exceptional location.
***Price Reduced $1,000,000***1702 Hermosa Avenue is an exceptional ocean view 10-unit property located in highly sought-after Hermosa Beach. It is rare to encounter an opportunity to acquire a “to the studs” fully remodeled property spanning ±5,520 rentable square feet that includes fourteen bedrooms and ten bathrooms with ocean Views, under $10M on this prime stretch of Hermosa Avenue. Fully renovated from top to bottom, this property highlights meticulous diligence, including all visible elements, plumbing, electrical, landscaping, hardscaping, modern architecture, and more. Perched on an elevated parcel with sweeping ocean views, breezes, this gem provides easy walkable access to Pier Avenue with its vibrant restaurants, shops, bars, and cafes. 1702 Hermosa Ave defines Southern California coastal living and investing at its finest. Its desirable breathtaking ocean views from six of the ten units provide the epitome of the Southern California beach lifestyle. A high walking score of 95 from WalkScore.com, this remarkable income property offers excellent investment potential. 1702 Hermosa Avenue is a one-of-a-kind property that rarely appears in the market in its location. Its versatility, stunning views, and unmatched location make it an irresistible opportunity for discerning buyers, investors, or those seeking a turnkey and fully renovated asset with ocean views. Rare Oceanview Income Property on Hermosa Avenue. • 6 Two Bedroom & 4 One Bedroom Units • 7 Garages totaling 9 parking spaces • Complete Rehab & Renovation of Exterior & Interior • New: Roof, Plumbing, Sub-Panels, Water Heaters, Kitchens, Bathrooms, Appliances Wiring, Windows & More • Current Monthly Income of $33k per Month • Ocean views and minutes to sand, surf, and Pier Avenue’s renowned dining and retail
Exceptional six-unit property located in the heart of Hermosa Beach, just a short walk from to the beach, Hermosa Pier, and a wide mix of local restaurants, cafés, and shops. The building offers a desirable unit mix, steady tenant demand, and long-term stability that comes with owning in one of the South Bay’s most sought-after coastal communities. Well-maintained, easy to manage, and positioned for strong future upside, this is a rare opportunity to secure a premium investment with long-term upside in one of the South Bay’s most desirable neighborhoods!
Premier Coastal- Beach Lifestyle location. Currently positioned as 2 units side by side with 3 single car garages located down below off alley, on mo to mo tenancy. Located toward the south side close to King Harbor 1 block to the sand. This is a generational investment opportunity to either rebuild as a family compound or continue with a irreplaceable strong stable income source. So much more to list. Please drive by and take a look, do not disturb the tenants please. Thank you
The Beach House, located on THE STRAND, is one of the few condotels (a condo hotel) located on the OCEAN in Southern California. Steps from the sand and an easy walk to downtown Hermosa Beach (Pier Avenue and Hermosa Avenue), where you'll find tons of great restaurants, shops, and entertainment. All the activities that make the beach so enjoyable and desirable are right out the front door! Spectators also enjoy the local and national volleyball tournaments and other sporting events, which are also offered in this location. There are 96 individually owned units at The Beach House. Owners can enjoy their unit 1-90 days a year, and when it's not being used by owners/owners' guests, they earn rental income. The income is split 50/50 with the management company. Each unit has a sleeping area with a king bed, desk, closet, bank of drawers, and nightstands. The bathroom offers a separate shower and large soaking tub, plus a spacious counter and sink. There is also a well-appointed and nicely sized living room with a fireplace, a large sofa that pulls out to offer a comfortable queen sleeper, a side chair, a coffee table, an end table, and lighting. In addition, there is a balcony with chairs and a table for outdoor enjoyment. A continental breakfast is available every day during your stay. Valet parking is offered to owners and guests. There is also bicycle/surfboard storage available if needed. The long-term staff are professional and pleasant, know the owners, and go above and beyond to make sure that everyone's stay is a great experience. Suppose you desire to have a multi-million dollar location with great beach town amenities at your fingertips, a lock-and-go concept, and the opportunity to collect rental income when not in personal use. In that case, this is the limited ideal opportunity for you! These units are not often available, as many owners are original owners. Happy to answer questions or show you this unique offering.
Welcome to 1836 The Strand, an exceptional beachfront 5-unit property located in highly sought-after North Hermosa Beach. Very rarely does one encounter an opportunity to acquire a “to the studs” fully remodeled property spanning 3,908 sq.ft., 11 bedrooms and 7 bathrooms, under $9M on this prime stretch of The Strand. Fully renovated from top to bottom, this property showcases meticulous attention to detail, including all visible elements, plumbing, electrical and more. Grandfathered beyond current building restrictions, this property stands taller and wider than what is now permitted for new construction, offering uniquely breathtaking ocean views from four of the five units. Wake up to the soothing rhythm of the waves and panoramic ocean views stretching from Malibu to Catalina Island. Unmatched in its prime location, 1836 The Strand provides the epitome of the Southern California beachfront lifestyle, ideally located between the Pier with its vibrant restaurants, shops, and cafes, and 22nd Street with iconic Martha’s Cafe and the Bottle Inn. This remarkable income property offers excellent investment potential, offered under $2M per unit—well below Hermosa Strand condo values, and generating a gross scheduled income of $425,196. For context, the neighboring 3,750 sq. ft. home on a 2,410 sq. ft. lot sold for $14.25M, highlighting the exceptional value of this offering. Options abound… Retain the penthouse as your private beachfront retreat, offer guest accommodations for family and friends, and maximize rental income from the remaining units. This beachfront gem ranks with a high score of 84 on WalkScore.com, and offers easy access to renowned schools, freeways, and numerous local destinations like LAX, Santa Monica and downtown LA. 1836 The Strand is a one-of-a-kind property that rarely graces the market. Its versatility, stunning views, and unmatched location make it an irresistible opportunity for discerning buyers, investors, or those seeking a luxurious family beach compound. For investors looking to expand their Strand portfolio, additional off-market properties may be available as part of a larger acquisition. Inquire for details, and don’t miss this chance to own a piece of the coveted Strand lifestyle.
Hermosa Beach is located in California. Hermosa Beach, California has a population of 19,787. Hermosa Beach is less family-centric than the surrounding county with 30.52% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Hermosa Beach, California is $144,388. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Hermosa Beach is 40.5 years.
The average high temperature in July is 75.7 degrees, with an average low temperature in January of 48 degrees. The average rainfall is approximately 13.7 inches per year, with 0 inches of snow per year.
