1702 Hermosa AvenueHermosa Beach, CA 90254

Multi-Family · 5,520 Sq. ft. | 0.11 Acres
$8,995,000 Active

1702 Hermosa Avenue Overview

Time on Site:
174 days
Visits:
0

***Price Reduced $1,000,000***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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1702 Hermosa Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 5,520
  • Price/Sq.ft. $1,630
  • Lot 0.11 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: Community Apartment

Income/Expenses

  • Other Expense: 9521.0
  • Electric Expense: 3354.0
  • Gardener Expense: 2717.0
  • Gross Income: 1736.0
  • Gross Scheduled Income: 33560.0
  • Insurance Expense: 6568.0
  • Maintenance Expense: 9925.0
  • Net Operating Income: 234452.0
  • New Taxes Expense: 89989.0
  • Operating Expense: 141214.0
  • Trash Expense: 4859.0
  • Water Sewer Expense: 4641.0

Building Information

  • New Construction: No
  • Year Built: 1953

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: 148 - Hermosa Bch Sand
  • Postal City: HERMOSA BEACH

Community/Development

  • Community Features: Biking,Curbs,Dog Park,Fishing,Golf,Storm Drain(s),Street Lights,Sidewalks

Rent/Lease Information

  • Land Lease: No
  • Tenant Pays: Cable TV,Electricity,Gas

General Information

  • Listing Terms: Cash,Cash to New Loan
  • Parcel Number: 4183010011
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage Spaces: 9.0
  • Garage: Yes

Building Interior

  • Building Area Total: 5520.0
  • Building Area Units: Square Feet

General Information

  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: Street & Alley
  • Laundry Features: Common Area
  • Levels: Three Or More
  • Stories Total: 3

Exterior

Parking Information

  • Parking Features: Assigned
  • Parking Total: 9.0

Lot Information

  • Additional Parcels: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Acres: 0.1132
  • Lot Size Area: 4931.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 4931.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 0
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Property Attached: Yes

General Information

  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Pool Features: None
  • Pool Private: No
  • Sewer: Public Sewer

1702 Hermosa Avenue Neighborhood

Community

90254 (HERMOSA BEACH) Demographics

40
Median Age
9,471
Population Density (per sq. mile)
81%
College Educated
$142,500
Estimated Median Income
4,309
Estimated Total Home Owners
4,287
Estimated Total Renters
50% / 50%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1702 Hermosa Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1702 Hermosa Avenue Market Data

Based on the last 30 days in this zip code

$3,283,666
Average List Price
$1,427
Average Price per Square Foot
15
Properties Sold
71
Average Days on Market
144
Properties for Sale
Calculations provided by Reliance Network

1702 Hermosa Avenue History

Date Event Value Agent
2/17/2026Source: CRMLS Price Reduction
$8,995,000 -10.0%
1/6/2026Source: CRMLS Added to Database
January 06, 2026
6/23/2022Source: TheMLS (CLAW) Added to Database
June 23, 2022
Listing provided courtesy of Kidder Mathews of California, IncJonathan Mitchell- MLS# OC26003055MLS ProviderContact Information: [email protected] - 949-557-5000
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