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2124 Hermosa Avenue

Hermosa Beach, CA 90254

$6,000,000

List Price

10

bed Beds

8

shower Baths

5,765 sqft

straighten / sqft

1972

calendar_month Built

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.

Listing Information

List Price $6,000,000
Status Active
MLS SB25013040
HOA $0
Type Residential
Subtype Single Family Residence
Year Built 1972
Lot Size 4,025
Structure Size 5,765
DOM 1
Courtesy Of Strand Hill Properties
Listing Agent Shawn Dugan DRE#01749343

Interior Features

Laundry Information
Location(s) Laundry Room
Total Bedroom
Bedrooms 10
Total Bathroom
Bathrooms 8
Fireplace Information
Features Gas
Additional Information
Additional Features Primary Suite
Cooling Type
Cooling Type None

Exterior Information

Maps

home_work Nearby Properties

Image

$6,000,000

king_bed N/A
shower N/A
straighten N/A
straighten 4,025
2124 Hermosa Avenue,

Hermosa Beach, CA 90254
Image

$6,975,000

king_bed 7
shower 6
straighten 3,646
straighten 3,296
20 22Nd Street,

Hermosa Beach, CA 90254
Image

$6,975,000

king_bed N/A
shower N/A
straighten N/A
straighten 3,296
20 22Nd Street,

Hermosa Beach, CA 90254
Image

$5,495,000

king_bed 3
shower 4
straighten 2,732
straighten 2,036
2242 Circle Drive,

Hermosa Beach, CA 90254
Image

$3,650,000

king_bed N/A
shower N/A
straighten N/A
straighten 2,848
47 21St Court,

Hermosa Beach, CA 90254

Listing information courtesy of: Shawn Dugan, Strand Hill Properties 310-265-3428. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 21st, 2025 at 2:33 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.