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1222 Corona St
Hermosa Beach, CA 90254

$2,175,000 USD

Apartments For Sale • 3,200 SF

Property Details

Property Type Apartments
Total Building Size 3,200 SF
Lot Size 0.06 AC
Building Class C
Year Built 1966

30 Transit Score

70 Walk Score

                
                    Highlights
                
                                Priced at Only $679/SF for the Existing 4 Income-Producing Units
                            
                                Exceptional Land Basis of Just $282/SF — Well Below Comparable Land Values
                            
                                Investment Makes Sense as Both a Cash-Flow Asset and a Future Development Opportunity
                            
                                Future Development Potential Comes at a Significant Discount to Current Land Values
                            
                                City Allows for the Future Construction of Two New Single-Family Homes with an ADU Behind Each Residence (Buyer to Verify)
                            
                                Seller May Consider Seller Financing for Qualified Buyers

Public Transportation

Airport	Drive	Walk	Distance
Los Angeles International	15 min	-	7.0 mi
Long Beach (Daugherty Field)	24 min	-	15.3 mi
Bob Hope	46 min	-	32.9 mi

Jonathan Weir 707-225-2402 Weir Group with Marcus and Millichap.

1222 Corona St Hermosa Beach, CA 90254

$2,175,000 USD

Property Details

Highlights

Public Transportation

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1222 Corona St
Hermosa Beach, CA 90254