114 Hermosa ave - Apartments FOR SALE


Hermosa Beach, CA 90254
$3,500,000 USD
310-344-7741
114 Hermosa ave, Hermosa Beach, CA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/20
null | 3.28% Cap Rate

114 Hermosa ave
Hermosa Beach, CA 90254


HIGHLIGHTS

  • Rare Value-Add Coastal Asset
  • Private Balconies with Ocean Views
  • Shared Rooftop Deck
  • Eight Covered Parking Spaces
  • Prime Hermosa Beach Location

OVERVIEW

Maxwell Forester and John Katnik of BRC Advisors are pleased to present the exclusive offering of 114 Hermosa Ave, a rare coastal apartment community located just one block from the beach in the heart of Hermosa Beach. This exceptional 4-unit multifamily property offers investors the opportunity to acquire a well-located asset in one of Southern California’s most sought-after beach communities. Ideally positioned within walking distance of the beach, The Strand, the Hermosa Beach Pier, the Redondo Beach Pier, and an array of renowned restaurants, boutiques, and entertainment venues, the property offers an unmatched coastal lifestyle that continues to drive strong rental demand. Units feature private balconies with ocean views, and the building also boasts a shared rooftop deck with sweeping panoramic views of the Pacific Ocean. The property also includes eight covered parking spaces, dedicated private storage units for each residence, and convenient onsite laundry facilities—valuable amenities in this highly sought-after beachside neighborhood. Together, these features enhance tenant appeal and position the property to command premium rents. The property presents immediate value-add potential with two vacant units, allowing a new owner to lease at current market rents and increase cash flow from day one. Additional upside can be realized through strategic interior renovations and unit upgrades, providing the opportunity to further enhance rental income and maximize the property’s long-term value. Combined with its premier location in a highly supply-constrained rental market, the asset offers both near-term income growth and long-term appreciation potential. The property presents investors with a rare opportunity to acquire a trophy coastal asset with immediate upside in one of Southern California’s most desirable beachfront communities.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$875 USD /SF

# OF UNITS

4

PRICE/UNIT

$875,000

CAP RATE

3.28%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 Units Steps From The Beach!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,900 SF

ZONING

HBR3

APN/PARCEL ID

4188-012-038

ASK ABOUT THIS PROPERTY

Maxwell ForesterBRC Advisors - BH, Inc.More Info
310-344-7741

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Maxwell ForesterBRC Advisors - BH, Inc.More Info
310-344-7741

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.