Hermosa Beach Homes with Carport Parking features

Hermosa Beach Homes with Carport Parking features

Welcome to Hermosa Beach, California—a vibrant coastal gem nestled in the heart of Los Angeles County. Known for its stunning sandy shores, lively atmosphere, and a strong sense of community, Hermosa Beach is the perfect blend of laid-back beach life and urban convenience. With its picturesque oceanfront, charming boutiques, and an array of dining options, this city is a haven for those looking to enjoy a beachside lifestyle while having easy access to the excitement of Los Angeles.

One of the standout features of homes in Hermosa Beach is the inclusion of carport parking. In a city where beach access is paramount, having a designated parking space can make all the difference. Many properties boast carports that not only provide shelter for your vehicle but also offer additional storage options for your beach gear and outdoor equipment. Imagine returning from a day spent soaking up the sun, knowing that your car is safely parked just steps away from your front door.

Whether you’re looking for a cozy bungalow or a modern beach house, Hermosa Beach offers a variety of real estate options that cater to diverse lifestyles. The community is known for its friendly vibe, making it an ideal place for families, young professionals, and retirees alike. With its beautiful sunsets, vibrant local culture, and homes equipped with convenient carport parking, Hermosa Beach is truly a place where you can live your best coastal life. Come explore this charming city and discover your dream home by the sea!

Newest Hermosa Beach Homes with Carport Parking features

$3,500,000
8 Beds 6 Baths 26867229 MLS Active Status
We are pleased to present the exclusive offering of 114 Hermosa Ave, a premier coastal apartment investment located just steps from the beach in the highly sought-after Hermosa Beach submarket. This exceptional asset represents a rare opportunity to acquire a 4-unit apartment community in one of Southern California's most supply-constrained and desirable rental markets. Originally constructed in 1971, the property consists of approximately 4,002 rentable square feet situated on a 2,900 square foot lot. Residents enjoy stunning ocean views from the property, further enhancing its desirability and long-term rental appeal. Ideally situated within walking distance of the Hermosa Beach Pier, The Strand, award-winning restaurants, boutique retail, and major employment centers throughout the South Bay, the property offers an unmatched coastal lifestyle. Additional amenities include private balconies for every unit, eight covered parking spaces, private storage units for each resident, a community laundry facility conveniently located within the carport, and a shared rooftop deck offering panoramic ocean and coastline views. The property is currently operating at a 3.28% capitalization rate and a 20.01 GRM, presenting investors with meaningful upside through interior unit renovations and strategic upgrades that can drive rental growth and enhance overall property performance. Based on market rents, the asset offers the potential to achieve an estimated 4.25% market capitalization rate and 16.67 GRM, providing a compelling value-add opportunity while benefiting from the long-term stability of the Hermosa Beach rental market. With exceptionally high barriers to entry, limited new multifamily development, and consistently strong tenant demand, 114 Hermosa Ave offers investors the opportunity to acquire a trophy coastal asset with durable cash flow, significant income growth potential, and long-term appreciation in one of Los Angeles County's most coveted beachfront communities. The property's premier coastal location, breathtaking ocean views, exceptional resident amenities, and value-add potential position it as a truly outstanding investment opportunity in one of Southern California's most prestigious beach communities.

114 Hermosa Avenue, Hermosa Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.