Hermosa Bch East (150) Homes with Uncovered Parking features

Hermosa Bch East (150) Homes with Uncovered Parking features

Welcome to Hermosa Beach East, a charming coastal community nestled in the heart of Los Angeles County, California. Known for its stunning sandy shores and vibrant beach culture, this picturesque area offers an idyllic lifestyle for those seeking the perfect blend of relaxation and recreation. With its close-knit community and laid-back atmosphere, Hermosa Beach East is a haven for beach lovers, surfers, and families alike.

The region boasts a variety of homes that perfectly complement the coastal lifestyle. One of the standout features of many properties in Hermosa Beach East is the availability of uncovered parking. This is a significant advantage for residents and visitors alike, providing easy access to your vehicle without the hassle of navigating tight garages or parking structures. Enjoy the convenience of leaving your car just steps away from your front door, making beach days, local dining, and shopping excursions a breeze.

In addition to its beautiful homes, Hermosa Beach East is renowned for its vibrant community events, scenic walking paths along the coastline, and an array of local shops and restaurants. Whether you're taking a leisurely stroll along the Strand or savoring a delicious meal at one of the many beachfront eateries, the charm of Hermosa Beach East is undeniable.

Discover the allure of this coastal gem, where the sun, surf, and a welcoming community await. With homes featuring uncovered parking and a lifestyle that embraces the beauty of Southern California, Hermosa Beach East is truly a place to call home.

Newest Hermosa Bch East (150) Homes with Uncovered Parking features

$2,450,000
6 Beds ⋅ 5 Baths ⋅ 26844077 MLS ⋅ Active Status
PRICE REDUCED BY $345,000! Current Income Justifies the Purchase Price - Future Development Potential Comes at a Significant Discount. This is an exceptional opportunity to acquire one of the most compelling value-add and development opportunities in Hermosa Beach. The property is now offered at an attractive $765 per square foot for the existing four income-producing units and just $318 per square foot of land, representing a land basis well below current market levels. Unlike many development opportunities where buyers pay a premium for future potential, this offering makes financial sense as a stand-alone income property while providing substantial upside through future redevelopment. Investors can acquire a stabilized four-unit asset at pricing supported by today's cash flow, while effectively securing a premier Hermosa Beach development site at a significant discount to replacement and land value. According to the City, the property may accommodate the future construction of two new single-family residences with an ADU behind each home (buyer to independently verify all development potential with the City of Hermosa Beach). This creates a rare opportunity to generate rental income while preserving the flexibility to develop immediately or capitalize on future appreciation. Whether an investor is seeking stable in-place income, a long-term land hold, or an immediate development project, the property offers multiple strategies to maximize returns. Adding to its appeal, the seller may consider seller financing, creating additional flexibility for qualified buyers. Opportunities to acquire premium Hermosa Beach land with existing income, below-market land pricing, and meaningful development upside are increasingly rare. This is a unique chance to purchase an asset that works both as a cash- flow investment today and as a deeply discounted future development opportunity.

1226 Corona Street, Hermosa Beach
$2,450,000
6 Beds ⋅ 5 Baths ⋅ 26844081 MLS ⋅ Active Status
PRICE REDUCED BY $345,000! Current Income Justifies the Purchase Price - Future Development Potential Comes at a Significant Discount. This is an exceptional opportunity to acquire one of the most compelling value-add and development opportunities in Hermosa Beach. The property is now offered at an attractive $765 per square foot for the existing four income-producing units and just $318 per square foot of land, representing a land basis well below current market levels. Unlike many development opportunities where buyers pay a premium for future potential, this offering makes financial sense as a stand-alone income property while providing substantial upside through future redevelopment. Investors can acquire a stabilized four-unit asset at pricing supported by today's cash flow, while effectively securing a premier Hermosa Beach development site at a significant discount to replacement and land value. According to the City, the property may accommodate the future construction of two new single-family residences with an ADU behind each home (buyer to independently verify all development potential with the City of Hermosa Beach). This creates a rare opportunity to generate rental income while preserving the flexibility to develop immediately or capitalize on future appreciation. Whether an investor is seeking stable in-place income, a long-term land hold, or an immediate development project, the property offers multiple strategies to maximize returns. Adding to its appeal, the seller may consider seller financing, creating additional flexibility for qualified buyers. Opportunities to acquire premium Hermosa Beach land with existing income, below-market land pricing, and meaningful development upside are increasingly rare. This is a unique chance to purchase an asset that works both as a cash- flow investment today and as a deeply discounted future development opportunity.

1224 Corona Street, 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.