Hermosa Bch Sand (148) Homes with Marina View

Hermosa Bch Sand (148) Homes with Marina View

Welcome to Hermosa Beach Sand Section (148), a picturesque neighborhood located in Hermosa Beach, California. Situated in Los Angeles County, this charming city offers a unique blend of coastal living and urban convenience.

One of the most sought-after features of homes in the Hermosa Beach Sand Section is the stunning Marina views. Imagine waking up to the sight of boats gently swaying in the marina, or enjoying a peaceful evening watching the sun set over the water. Homes in this area offer the perfect combination of luxury and tranquility, making them the ideal choice for those seeking a waterfront lifestyle.

Whether you're looking for a cozy beach cottage or a modern luxury residence, the Hermosa Beach Sand Section has something for everyone. With its close proximity to the beach, trendy shops, and top-rated restaurants, this neighborhood provides the perfect balance of relaxation and entertainment.

Don't miss the opportunity to own a piece of paradise in Hermosa Beach Sand Section with its Homes with Marina View. Experience the beauty of coastal living and make your dream home a reality in this vibrant and desirable community.

Newest Hermosa Bch Sand (148) Homes with Marina View

$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.