2124 Hermosa Avenue, Hermosa Beach, CA 90254

• Listed Price : $6,000,000
• Beds : N/A
  
• Baths : N/A
  
• Property Size : N/A sqft
  
• Year Built : 1972
  

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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. 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.

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Interior Features

Listing Information

Listing information courtesy of: Shawn Dugan, Strand Hill Properties. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 20th, 2025 at 6:13 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.