1702 Hermosa Avenue
Hermosa Beach, CA, 90254 $ 9,995,000
Baths1.0 Sq 5,520 Monthly Estimate*
$ 61,541
Listed by Kidder Mathews of California, Inc
Studio for $9,995,000 with 1 full bath. This 5,520 square foot home was built in 1953 on a lot size of 0.1132.
1702 Hermosa Avenue is an exceptional ocean view 10-unit property located in highly sought-after Hermosa Beach. It is rare to encounter an opportunity to acquire a “to the studs” fully remodeled property spanning ±5,520 rentable square feet that includes fourteen bedrooms and ten bathrooms with ocean Views, under $10M on this prime stretch of Hermosa Avenue. Fully renovated from top to bottom, this property highlights meticulous diligence, including all visible elements, plumbing, electrical, landscaping, hardscaping, modern architecture, and more. Perched on an elevated parcel with sweeping ocean views, breezes, this gem provides easy walkable access to Pier Avenue with its vibrant restaurants, shops, bars, and cafes. 1702 Hermosa Ave defines Southern California coastal living and investing at its finest. Its desirable breathtaking ocean views from six of the ten units provide the epitome of the Southern California beach lifestyle. A high walking score of 95 from WalkScore.com, this remarkable income property offers excellent investment potential. 1702 Hermosa Avenue is a one-of-a-kind property that rarely appears in the market in its location. Its versatility, stunning views, and unmatched location make it an irresistible opportunity for discerning buyers, investors, or those seeking a turnkey and fully renovated asset with ocean views. Rare Oceanview Income Property on Hermosa Avenue. • 6 Two Bedroom & 4 One Bedroom Units • 7 Garages totaling 9 parking spaces • Complete Rehab & Renovation of Exterior & Interior • New: Roof, Plumbing, Sub-Panels, Water Heaters, Kitchens, Bathrooms, Appliances Wiring, Windows & More • Current Monthly Income of $33k per Month • Ocean views and minutes to sand, surf, and Pier Avenue’s renowned dining and retail
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FeaturesGeneralSewer Public Sewer
HOA Fee 0
Garage Spaces 9
Pool Features None
Year Built 1953
Tenant Pays Cable TV Electricity Gas
Levels Three Or More
Property Subtype Apartment
Gross Income 1736
Community Features Biking Curbs Dog Park Fishing Golf Storm Drain(s) Street Lights Sidewalks
County Los Angeles
Net Operating Income 231005
Operating Expense 153794
Insurance Expense 5873
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 3600
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions West of PCH & North of Pier Ave
City Hermosa Beach
Entry Location Street & Alley
Senior Community Y/N false
Open Parking Spaces 0
Number Of Units Total 10
MLS Area 148 - Hermosa Bch Sand
Lot Size Units Square Feet
Lot Size Square Feet 4931
Number of Units Leased 10
Listing Terms Cash Cash to New Loan
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 2957
Trash Expense 5112
Water Sewer Expense 4711
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 6
Total Actual Rent 32572
Property Sub Type Additional Apartment
Taxes 109989
Cap Rate 2.31
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InteriorTotal Stories 3
Common Walls 2+ Common Walls
Laundry Features Common Area
Entry Level 1
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ExteriorParking Features Assigned
Lot Features 6-10 Units/Acre
Water Source Public
Total Parking 9
Lot Size Area 4931
Number of Buildings 1
Building Area Total 5520
Lot Size Acres 0.1132
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 0
Number of Separate Gas Meters 10
Number of Separate Electric Meters 10
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* Excluded FeaturesList ByKidder Mathews Of California, IncBroker
jon.mitchell@kidder.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $61,541
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Hermosa Beach, CA
Average List Price $5,701,250
Percent of Sale Price 43%
About Hermosa Beach, CA 19,507 Population
6% Since 2002
$ 126,294 Median Income
40.13 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/6/2026 | $9,995,000 | | Listed Price |