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$3,500,000
8 Beds ⋅ 6 Baths ⋅ 26867229 MLS ⋅ Active Under Contract 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
$2,500,000
3 Beds ⋅ 2 Baths ⋅ SB26138806 MLS ⋅ Active Status
This charming ocean-view beach bungalow in the heart of Hermosa Beach on a cul-de-sac street presents a warm and inviting living experience, blending comfortable interiors with generous outdoor spaces and abundant ocean breezes. Entering through the main door, the open-concept main living and dining space welcomes you with hardwood floors, abundant natural light streaming through oversized windows, and a functional layout designed for everyday living. The living and dining areas flow organically together, offering ample space for entertaining. Continuing through the home, the kitchen is outfitted with ample cabinetry, tall ceilings, and a skylight that fills the space with light looking out to the ocean. A dedicated laundry room is conveniently located nearby. Flooding the home with natural light, the central courtyard enhances the property's indoor-outdoor livability and creates a peaceful setting visible from multiple rooms throughout the home. Continuing to the rear, the sunken family room offers additional living space distinguished by wood-slatted ceilings, a fireplace, built-in cabinetry, rear-facing ocean views, and direct access to the south facing backyard. Outdoors, a spacious deck provides ample room for dining, lounging, and entertaining, complemented by a large grassy lawn, mature fruit trees and ocean views beyond. Privately positioned at the rear of the home, the primary suite serves as a peaceful retreat with direct access to the central courtyard. The suite features a large walk-in closet and a private ensuite bathroom. Two secondary bedrooms offer generous proportions and walk-in closets. Adjacent to these bedrooms, a full bathroom provides added convenience for family members and guests alike. Ideally located in the heart of Hermosa Beach, just moments from Pier Avenue, the beach, and an array of shops and restaurants, 1136 8th Street presents a rare opportunity to enjoy comfortable coastal living in one of the South Bay's most desirable communities.

1136 8th Street, 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.