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1702 Hermosa Ave, Hermosa Beach, CA, 90254

14beds
10baths
5,520sqft
$8,995,000
$1,630price/sqft
$52,832/moest. monthly cost
$2,113,280/yrincome needed

About This Home

***Price Reduced $1,000,000***1702 Hermosa Avenue is an exceptional ocean view 10-unit property located in highly sought-after Hermosa Beach. It is rare to encounter an opportunity to acquire a “to the studs” fully remodeled property spanning ±5,520 rentable square feet that includes fourteen bedrooms and ten bathrooms with ocean Views, under $10M on this prime stretch of Hermosa Avenue. Fully renovated from top to bottom, this property highlights meticulous diligence, including all visible elements, plumbing, electrical, landscaping, hardscaping, modern architecture, and more. Perched on an elevated parcel with sweeping ocean views, breezes, this gem provides easy walkable access to Pier Avenue with its vibrant restaurants, shops, bars, and cafes. 1702 Hermosa Ave defines Southern California coastal living and investing at its finest. Its desirable breathtaking ocean views from six of the ten units provide the epitome of the Southern California beach lifestyle. A high walking score of 95 from WalkScore.com, this remarkable income property offers excellent investment potential. 1702 Hermosa Avenue is a one-of-a-kind property that rarely appears in the market in its location. Its versatility, stunning views, and unmatched location make it an irresistible opportunity for discerning buyers, investors, or those seeking a turnkey and fully renovated asset with ocean views. Rare Oceanview Income Property on Hermosa Avenue. • 6 Two Bedroom & 4 One Bedroom Units • 7 Garages totaling 9 parking spaces • Complete Rehab & Renovation of Exterior & Interior • New: Roof, Plumbing, Sub-Panels, Water Heaters, Kitchens, Bathrooms, Appliances Wiring, Windows & More • Current Monthly Income of $33k per Month • Ocean views and minutes to sand, surf, and Pier Avenue’s renowned dining and retail

Getting Around

94
WalkingWalker's Paradise
0
TransitVery Limited Transit
72
BikeVery Bikeable

Schools

10/10
Hermosa Vista SchoolGrades 2-40.5 mi

Construction

Condition

  • Year built: 1953

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Laundry features: Common Area

Bedrooms & Bathrooms

  • Bedrooms: 14
  • Bathrooms: 10

Features

  • Common walls with other units/homes: 2+ Common Walls

Interior Area

  • Total structure area: 5,520
  • Total interior livable area: 5,520 sqft

Property

Details

  • Parcel number: 4183010011
  • Attached to another structure: Yes
  • Special condition: Standard

Features

  • Levels: Three Or More
  • Stories: 3
  • Entry location: Street & Alley
  • Pool features: None

Lot

  • Lot size: 4,931 sqft
  • Features: 6-10 Units/Acre

Parking

  • Total spaces: 9
  • Parking features: Assigned
  • Has garage: Yes
  • Attached garage spaces: 9
  • Covered spaces: 9