Hermosa Bch Sand (148) Homes with Covered Parking features

Welcome to Hermosa Beach, a charming coastal gem nestled in the heart of Los Angeles County, California. Renowned for its stunning ocean views, vibrant beach culture, and a laid-back atmosphere, Hermosa Beach offers an idyllic lifestyle for those seeking the perfect balance between relaxation and recreation. With its soft sandy shores and picturesque pier, this beach town is not just a destination; it’s a community where neighbors become friends and every sunset is a celebration.

One of the many advantages of living in Hermosa Beach is the variety of homes available, many of which come equipped with covered parking. This feature is particularly valuable in a bustling area where beachgoers and tourists often flock to enjoy the sun and surf. Imagine having the convenience of sheltered parking, protecting your vehicle from the elements and providing peace of mind as you enjoy your beachside lifestyle.

Whether you’re looking for a cozy bungalow just steps from the waves or a modern townhouse with ocean views, Hermosa Beach has something for everyone. The community is not only known for its beautiful homes but also for its vibrant dining scene, boutique shopping, and a plethora of outdoor activities, from surfing and volleyball to biking along the scenic Strand.

In Hermosa Beach, every day feels like a vacation. Experience the charm of this coastal paradise and discover the perfect home with the added convenience of covered parking, making your beach living experience even more enjoyable. Come and explore what makes Hermosa Beach a true treasure on the California coast!

Newest Hermosa Bch Sand (148) Homes with Covered 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.