List Search

1702 Hermosa Ave
Hermosa Beach, CA 90254

$9,995,000 USD

Apartments For Sale  •  5,519 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,519 SF
  • Lot Size 0.11 AC
  • Building Class C
  • Year Built 1953
  • Cap Rate 2.31 %
  • Zoning R3, Hermosa Beach
0 Transit Score
94 Walk Score

Highlights

Rare Oceanview Income Property on Hermosa Avenue
6 Two Bedroom & 4 One Bedroom Units
Complete Rehab & Renovation of Exterior & Interior in 2023, 2024 & 2025
New: Roof, Plumbing, Sub-Panels, Water Heaters, Kitchens, Bathrooms, Appliances Wiring, Windows & More
Priced well below Hermosa Beach condominium & single-family homes located in a high-barrier to entry market with exceptional tenant demand
Ocean views and minutes to sand, surf & Pier Avenue’s renowned dining and retail

Property Flyers

Financial Summary (Actual)

Net Operating Income: $245,920 USD (2025)
Cap Rate: 2.31 %
Total Expenses: $144,794 USD

Amenities

  • Balcony
  • Laundry Facilities

Public Transportation

AirportDriveWalkDistance
Los Angeles International 16 min - 7.4 mi
Long Beach (Daugherty Field) 26 min - 16.6 mi
Bob Hope 50 min - 34.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Jonathan Mitchell 714-337-8405 Kidder Mathews
Jonathan Mitchell 714-337-8405 Kidder Mathews