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1502 Palm Drive Hermosa Beach, CA $ 2,250,000
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$ 2,250,000 Get more info
1502 Palm Drive
$ 2,250,000
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1502 Palm Drive

Hermosa Beach, CA, 90254
$ 2,250,000
Baths1.0 Sq 2,088

Monthly Estimate*

$ 13,854

Listed by DOMO Real Estate
1502 Palm Drive, Hermosa Beach, CA 90254 - Image 1
1502 Palm Drive, Hermosa Beach, CA 90254 - Image 2
1502 Palm Drive, Hermosa Beach, CA 90254 - Image 3
1502 Palm Drive, Hermosa Beach, CA 90254 - Image 4
Studio

Multi-Family Home for sale in Hermosa Beach, CA

for $2,250,000 with 1 full bath. This 2,088 square foot home was built in 1913 on a lot size of 0.0671.

1502 Palm Drive presents a rare 5-unit value-add multifamily opportunity in an A+ Hermosa Beach location just one block from the Strand and Noble Park. Tucked right around the corner from downtown Hermosa, the property enjoys a 97 “Walker’s Paradise” Walk Score with easy access to some of the area’s most popular local spots including the The Comedy & Magic Club, Ryla, and Baja Sharkeez. The property consists of five units totaling approximately 2,088 square feet on a full 30’ x 100’ lot. The unit mix includes four studio apartments and one 2-bedroom, 1-bath detached cottage with its own private yard - an uncommon amenity this close to the beach. Significant upside in rents for an investor looking to renovate and reposition over time. Opportunities to acquire a multifamily asset with this level of walkability and proximity to the beach rarely come to market, making 1502 Palm Drive an ideal option for investors seeking a prime coastal location with clear value-add potential.

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Multi-Family Active

Price

$ 2,250,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.0671

Year Built

1913

Town/City

Hermosa Beach

County/Region

Los Angeles

MLS | Web ID

SB26047833

Days on Market

10
Features
General
Sewer Public Sewer
Cooling None
Garage Spaces 2
Pool Features None
Year Built 1913
Tenant Pays Electricity Gas Other
Stories Count 1
Levels One
Property Subtype Apartment
Gross Income 76584
Community Features Biking Curbs Street Lights Sidewalks Water Sports
County Los Angeles
Net Operating Income 58644
Operating Expense 17940
Insurance Expense 3000
New Construction false
Property Type Residential Income
MaintenanceExpense 2157.6
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Palm Dr & 15th St
City Hermosa Beach
Entry Location 1
Senior Community Y/N false
Number Of Units Total 5
MLS Area 148 - Hermosa Bch Sand
Lot Size Units Square Feet
Lot Size Square Feet 2922
Number of Units Leased 5
Listing Terms Cash to New Loan
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 0
Fuel Expense 602
Trash Expense 543.46
Water Sewer Expense 1078
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 19
Total Actual Rent 6382
Property Sub Type Additional Apartment
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Interior
Total Stories 1
Common Walls No Common Walls
Air Conditioning Y/N false
Laundry Features Inside
Entry Level 1
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Exterior
Parking Features Assigned
Lot Features Yard
Water Source Public
Total Parking 2
Lot Size Area 2922
Number of Buildings 2
Building Area Total 2088
Lot Size Acres 0.0671
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
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* Excluded Features
List By
Domo Real Estate

Broker

Ryan.Bunke@DomoRealEstate.com

Email

Affordability Calculator

$13,854
Per Month
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Monthly Principal & Interest
$13,854
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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.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/6/2026$2,250,000 Listed Price

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1502 Palm Drive, Hermosa Beach, CA, 90254 is a Multi-Family Home for sale at $2,250,000 with 2,088 sqft and a lot size of 0.0671. 1502 Palm Drive is a studio with 1.0 baths and was built in 1913. The property's zip code is 90254 which is in Hermosa Beach, CA

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