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$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
$629,000
1 Beds ⋅ 1 Baths ⋅ SB26098239 MLS ⋅ Active Status
Home Sweet Home at the Beach! 100% Remodeled cutie ! Reimagined and redesigned to create an open, liveable, sensible, and happy living environment. Windows everywhere, allowing an abundance of natural light in, "Great Room", open floorplan, Kitchen/Living/Dining blend seamlessly into one efficient and uncrowded space to enjoy eating, cooking, relaxing, and entertainment. Feels like a home, room to add a balcony in front and on the side. (Park Permission required). Literally steps away from Pier Avenue, with all its stores, shops, market, restaurants, clubs, P.O., and Pharmacy. Walk to everything in minutes, including the beach. Just about everything is new or near new; the seller thought it through, used quality materials, appliances, and design elements. Recessed lighting, quartz countertops, stainless steel appliances, built-ins galore, engineered flooring, new windows, window treatments, fully remodeled bath, tub, counters, sink, toilet, shower/bath/floors. Air conditioning, built-in workstation in the primary bedroom, built-in ironing board, built-in storage areas, super-efficient living!! (2) Tandem parking spots in front, rare at the beach. You own the land on this one, too. Park is a Co-Op, owned by a corporation. A chance to live West of PCH off Pier Ave. below Valley for a fraction of the cost in the neighborhood! Worth a look for sure, time to finally live at the beach at an affordable price. The exterior of the home has been freshly painted and looks brand new !

531 Pier, Hermosa Beach

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.