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
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
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
1702 Hermosa Avenue Market Data
Based on the last 30 days in this zip code
1702 Hermosa Avenue History
| Date | Value | Agent |
|---|---|---|
| 2/17/2026Source: CRMLS | $8,995,000 -10.0% |
|
| 1/6/2026Source: CRMLS | January 06, 2026 |
|
| 6/23/2022Source: TheMLS (CLAW) | June 23, 2022 |
Contact Information: [email protected] - 949-557-5000