Hermosa Bch Sand (148) Homes with Storage Parking features

Welcome to Hermosa Beach, a picturesque coastal gem nestled in Los Angeles County, California. Known for its stunning sandy shores, vibrant beach culture, and a laid-back lifestyle, Hermosa Beach is the perfect destination for those seeking both relaxation and adventure. With its charming beach town vibe, residents enjoy a plethora of outdoor activities, from surfing the iconic waves to biking along the scenic Strand, which stretches for miles along the coastline.

Hermosa Beach is not just about sun and surf; it’s a community that prides itself on its friendly atmosphere and welcoming spirit. The area boasts an array of delightful shops, trendy restaurants, and lively nightlife, ensuring there’s always something to do. Families appreciate the excellent local schools and safe neighborhoods, making it an ideal place to raise children while enjoying the benefits of coastal living.

For those considering a move to this beautiful beach town, homes in Hermosa Beach often come with valuable storage parking features, providing the convenience and peace of mind that modern living demands. Whether you’re a beach enthusiast with surfboards and bicycles or simply need extra space for your belongings, these homes offer practical solutions to accommodate your lifestyle.

Embrace the charm of Hermosa Beach, where coastal living meets community spirit. With its stunning views, vibrant culture, and practical home features, this is more than a place to live; it’s a lifestyle waiting for you to explore. Discover your dream home in Hermosa Beach today!

Newest Hermosa Bch Sand (148) Homes with Storage 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.