Hermosa Beach Homes with Multi Level Stories

Welcome to Hermosa Beach, a vibrant coastal gem nestled in the heart of Los Angeles County, California. Known for its stunning ocean views, sandy shores, and a lively atmosphere, Hermosa Beach is more than just a destination; it’s a lifestyle. With a charming downtown filled with boutique shops, trendy restaurants, and lively bars, this beach town offers a perfect blend of relaxation and excitement.

One of the standout features of Hermosa Beach is its diverse range of multi-level homes. These architectural beauties not only provide ample space for families and guests but also offer breathtaking views of the Pacific Ocean. Imagine waking up to the sound of waves crashing and enjoying your morning coffee on a sunlit balcony, overlooking the beach. Multi-level homes in Hermosa Beach are designed to maximize both comfort and style, often featuring spacious living areas, modern kitchens, and expansive outdoor spaces ideal for entertaining.

The community here is welcoming and tight-knit, with numerous events and activities throughout the year, from beach volleyball tournaments to art walks. Residents enjoy a plethora of outdoor activities, including surfing, biking along the scenic Strand, or simply soaking up the sun on the beach.

Whether you’re looking for a permanent residence or a vacation getaway, Hermosa Beach offers a unique blend of coastal charm and modern living. Explore the possibilities of multi-level homes in this beautiful city, where every day feels like a beach day, and the ocean is just a stone's throw away. Come and discover why Hermosa Beach is the perfect place to call home!

Newest Hermosa Beach Homes with Multi Level Stories

$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 3.27% capitalization rate and a 20.05 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.