2124 Hermosa Avenue
Hermosa Beach, CA 90254
- 10 beds
- 8 baths
- 5,765 sqft
- 4,025 sqft lot
- $1,040 per sqft
- 1972 build
- – on site
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.
Last checked:
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Last updated Jan 23, 2025
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MLS# SB25013040 —
This home is listed in more than one place. See it here, and here.
The Building
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Year Built:1972
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Year Built Source:Public Records
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New Construction:No
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Total Number Of Units:6
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Structure Type:House
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Stories Total:4
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Entry Level:2
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Common Walls:No Common Walls
Interior
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Levels:Multi/Split
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Entry Location:South side
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Room Type:Primary Suite
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Living Area Units:Square Feet
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Living Area Source:Assessor
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Fireplace:Yes
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Fireplace:Gas
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Laundry:Individual Room
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Laundry:1
Room Dimensions
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Living Area:5765.00
Location
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Directions:Hermosa Ave to 22nd Street
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Latitude:33.86923200
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Longitude:-118.40305500
The Property
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Property Type:Residential
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Subtype:Single Family Residence
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Zoning:HBR3YY
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Lot Features:Rectangular Lot
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Lot Size Area:4025.0000
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Lot Size Acres:0.0924
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Lot Size SqFt:4025.00
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Lot Size Source:Assessor
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View:1
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View:Bluff, Catalina, Coastline, Ocean, Panoramic, Pier, Water, White Water
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Additional Parcels:No
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Land Lease:No
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Lease Considered:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:6210.05
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Tax Lot:3
Beds
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Total Bedrooms:10
Baths
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Total Baths:8
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Full & Three Quarter Baths:8
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Full Baths:8
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4182009003
Heating & Cooling
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Cooling:No
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Cooling:None
Utilities
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Sewer:Public Sewer
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Water Source:Public
Schools
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High School District:Manhattan Unified
The Community
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Units in the Community:6
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Features:Sidewalks
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Assessments:Yes
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Assessments:Unknown
Parking
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Parking Spaces:9.00
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Attached Garage:Yes
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Garage Spaces:9.00
Monthly cost estimate
Asking price
$6,000,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$32,128
|
| Taxes | N/A |
| Insurance | $1,650 |
| Utilities | $288 See report |
| Total | $34,066/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/20/25
Jan 20, 2025
|
Listed / Active | CRMLS_CA | $6,000,000 |
