1702 Hermosa Ave - Apartments FOR SALE


Hermosa Beach, CA 90254
$8,995,000 USD
714-337-8405
1702 Hermosa Ave, Hermosa Beach, CA for Sale
$8,995,000 USD
Apartments - FOR SALE
1/43
null | 2.71% Cap Rate

1702 Hermosa Ave
Hermosa Beach, CA 90254


HIGHLIGHTS

  • Turnkey ten-unit apartment community
  • Breathtaking ocean views
  • Exceptional walk score of 95
  • Priced well below condominium and single-family home values
  • Complete property renovation in 2025
  • Walkable location near Pier Avenue, The Strand, and the beach

OVERVIEW

1702 Hermosa Avenue presents a rare opportunity to acquire a fully renovated 10-unit multifamily asset in one of Southern California’s most desirable coastal communities. Situated along iconic Hermosa Avenue, the property offers ocean views from multiple units and walkable access to Pier Avenue, The Strand, the beach, restaurants, retail, and entertainment destinations that define the Hermosa Beach lifestyle. The property consists of ten apartment units featuring a mix of one-bedroom and two-bedroom floor plans. A comprehensive renovation completed in 2025 transformed the asset from top to bottom, including significant upgrades to plumbing, electrical systems, roofing, kitchens, bathrooms, windows, heating systems, flooring, and common improvements. The result is a turnkey investment designed to appeal to residents seeking updated coastal housing in a supply-constrained market.

FOR SALE DETAILS

PRICE

$8,995,000 USD

PRICE/SF

$1,630 USD /SF

# OF UNITS

10

PRICE/UNIT

$899,500

CAP RATE

2.71%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1953

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

R3, Hermosa Beach

APN/PARCEL ID

4183-010-011

ASK ABOUT THIS PROPERTY

Jonathan MitchellKidder MathewsMore Info
714-337-8405

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Jonathan MitchellKidder MathewsMore Info
714-337-8405

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