2054 Palm Dr - Apartments FOR SALE


Hermosa Beach, CA 90254
$5,500,000 USD
310-346-3332
2054 Palm Dr, Hermosa Beach, CA for Sale
$5,500,000 USD
Apartments - FOR SALE
1/23
null | 3.05% Cap Rate

2054 Palm Dr
Hermosa Beach, CA 90254


HIGHLIGHTS

  • 2 Blocks to the Beach
  • Highly desirable North Hermosa Beach Circle Drive Neighborhood
  • Multi-Gen Property
  • 6 Blocks to Pier Ave Shopping, Restaurants and Entertainment
  • Beach Volleyball and Surfing

OVERVIEW

Duplex at 2055 Manhattan Avenue (APN#4182-008-015) built in 1936. Adjacent parcel at 2054 Palm Drive (APN#4182-008-014) built in 1912. *** 2055 Manhattan Avenue - Rare 1930s North Hermosa Beach Compound – Timeless, Versatile, and Unmatched. Opportunities like this don’t come along often. Nestled in one of North Hermosa Beach’s most sought-after locations, just two blocks from the sand, this iconic 1930s-built property blends historic charm with exceptional versatility. Built when craftsmanship mattered, these two properties—sold together—offer unparalleled potential for multigenerational living, investment income, or a bespoke coastal retreat. At 2055 Manhattan Ave, a brilliantly designed duplex features a three-bedroom plus bonus room upper unit, while the one-bedroom lower unit offers its own distinct charm. Between them, a spacious patio serves as an inviting outdoor haven, perfect for soaking in the ocean air. The floor plan is a masterclass in early 20th-century architecture—thoughtful, timeless, and ahead of its era. Vintage properties of this caliber are incredibly rare, especially with the option to own, combine, or sell separately. Whether you’re looking to create a generational estate, maximize rental income, or simply own a piece of Hermosa Beach history, this is a once-in-a-lifetime chance to secure a true coastal treasure. *** 2054 Palm Drive - Timeless, Iconic, and Built to Last. It defies time—where classic craftsmanship meets enduring charm. Built in the early 1900s, this one-bedroom, one-and-a-half-bath treasure probably was the home of the decade when it first graced the coastline, and today, it really should stand as the contender for beach house of the century. Inside, an airy sitting room leads to the primary suite, offering a retreat that feels both intimate and expansive. Every inch of this home reflects an era when architecture was built to last and design was driven by vision. Whether you’re drawn to its history, its character, or its undeniable soul, one thing is certain—this is coastal living at its most timeless. Both 2055 Manhattan Avenue and adjacent 2054 Palm Drive to be sold together at an aggregate price of $5,500,000.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$1,939 USD /SF

# OF UNITS

3

PRICE/UNIT

$1,833,333

CAP RATE

3.05%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2055 Manhattan Ave - 2054 Palm Drive, Hermosa

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1936

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,202 SF

ZONING

R1

APN/PARCEL ID

4182-008-015

ASK ABOUT THIS PROPERTY

John CorralesThe Corrales GroupMore Info
310-346-3332

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John CorralesThe Corrales GroupMore Info
310-346-3332

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