Hermosa Bch Sand (148) Homes with Multi Level Stories

Hermosa Bch Sand (148) Homes with Multi Level Stories

Welcome to the vibrant and sought-after neighborhood of Hermosa Bch Sand (148) in Hermosa Beach, CA. Nestled within the picturesque surroundings of Los Angeles County, this charming city offers a perfect blend of coastal living and urban convenience.

Hermosa Bch Sand (148) is known for its stunning homes with multi-level stories, providing residents with spacious and versatile living spaces. Whether you're looking for a cozy retreat or a place to entertain guests, these homes offer the perfect setting for every lifestyle.

Living in Hermosa Bch Sand (148) means having easy access to beautiful beaches, trendy shops, delicious dining options, and a thriving community atmosphere. Enjoy a morning stroll along the sandy shores, catch a breathtaking sunset, or explore the local parks and recreational areas.

With a variety of amenities and attractions nearby, residents of Hermosa Bch Sand (148) can experience the best of beachside living. Whether you're a young professional, a growing family, or a retiree looking for a peaceful retreat, this neighborhood has something for everyone.

Don't miss the opportunity to make Hermosa Bch Sand (148) your new home. Discover the unique charm and beauty of this coastal community, where every day feels like a vacation. Live the California dream in Hermosa Beach's most desirable neighborhood.

Newest Hermosa Bch Sand (148) 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.