Hermosa Beach Homes with Multi Level Stories

Hermosa Beach Homes with Multi Level Stories

Welcome to Hermosa Beach, a charming coastal city located in California, within Los Angeles County. Known for its stunning beaches, vibrant atmosphere, and a strong sense of community, Hermosa Beach offers an exceptional quality of life for residents and visitors alike.

When it comes to real estate in Hermosa Beach, homes with multi-level stories are a popular choice. These properties not only provide ample living space but also offer breathtaking views of the Pacific Ocean or the city skyline. Whether you're looking for a cozy beach cottage or a luxurious modern residence, Hermosa Beach has a diverse range of multi-level homes to suit every taste and lifestyle.

Living in a multi-level home in Hermosa Beach allows you to enjoy the best of coastal living, with easy access to the beach, local shops, restaurants, and entertainment options. Whether you prefer to relax on your rooftop deck with a glass of wine or take a leisurely stroll along The Strand, Hermosa Beach offers a laid-back yet vibrant lifestyle that's hard to resist.

If you're looking to invest in a home with multi-level stories in Hermosa Beach, now is the perfect time to explore the real estate market in this coveted coastal city. With its desirable location, beautiful homes, and endless recreational opportunities, Hermosa Beach is truly a place where you can live, work, and play in style.

Newest Hermosa Beach Homes with Multi Level Stories

$3,500,000
8 Beds ⋅ 6 Baths ⋅ 26867229 MLS ⋅ Active 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
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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.