See all 20 photos

$3,500,000

Est. payment - /mo

Save

8 Beds

6 Baths

4,002 SqFt

New

114 Hermosa Ave Hermosa Beach, CA 90254

Save

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,002 sqft

Price per Sqft $874

MLS Listing ID 26867229

Bedrooms 8

Construction Status Fixer

Year Built 1971

Lot Size 2,900 Sqft

Acres 0.0666

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Hermosa Beach Sand

Zoning HBR3*

Rooms

Other Rooms None

Interior

Heating Forced Air, Wall, Wall Electric

Cooling None

Equipment Refrigerator, Dishwasher, Freezer, Range/Oven, Hood Fan

Laundry In Carport, Community

Exterior

Parking Features Carport, Built-In Storage, Assigned, Covered Parking

Garage Spaces 8.0

Pool None

Waterfront Description Ocean Access, Ocean

View Y/N Yes

View Bay, Harbor, Coastline, City Lights, Catalina, Skyline, Marina, Pier, Water, Walk Street, Ocean, Panoramic, White Water

Building

Story 3

Level or Stories Multi/Split

Construction Status Fixer

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by BRC Advisors- BH

Nearby Schools & Businesses