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$3,999,000

Situated in one of North Hermosa Beach's most sought-after neighborhoods, 136 28th Street presents a rare opportunity to own a well-located four-unit income property just moments from the sand. Offering 2,043 square feet of living space on a 2,462 square foot lot, this charming property combines classic beach community character with exceptional long-term investment potential.Perfectly positioned just a short walk from Hermosa Beach, the Strand, neighborhood restaurants, coffee shops, parks, and the best of the South Bay's coastal lifestyle, residents enjoy the convenience and walkability that continue to make Hermosa Beach one of Southern California's most desirable communities. With easy access to Manhattan Beach, local boutiques, award-winning schools, and major commuter routes, the location offers broad appeal for both tenants and future owners.Whether you're looking to expand your real estate portfolio, generate rental income, or explore future value-add opportunities, properties in this location are increasingly difficult to find. An exceptional opportunity to invest in one of the South Bay's most iconic beach communities.

4 Beds ⋅ 4 Baths ⋅ ACTIVE Status

136 28th St, Hermosa Beach

Courtesy of Compass, Anthony Accardo - CA DRE#01863340

$3,500,000

We are pleased to present the exclusive offering of 114 Hermosa Ave, a premier coastal apartment investment located just steps from the beach in the highly sought-after Hermosa Beach submarket. This exceptional asset represents a rare opportunity to acquire a 4-unit apartment community in one of Southern California's most supply-constrained and desirable rental markets. Originally constructed in 1971, the property consists of approximately 4,002 rentable square feet situated on a 2,900 square foot lot. Residents enjoy stunning ocean views from the property, further enhancing its desirability and long-term rental appeal. Ideally situated within walking distance of the Hermosa Beach Pier, The Strand, award-winning restaurants, boutique retail, and major employment centers throughout the South Bay, the property offers an unmatched coastal lifestyle. Additional amenities include private balconies for every unit, eight covered parking spaces, private storage units for each resident, a community laundry facility conveniently located within the carport, and a shared rooftop deck offering panoramic ocean and coastline views. The property is currently operating at a 3.28% capitalization rate and a 20.01 GRM, presenting investors with meaningful upside through interior unit renovations and strategic upgrades that can drive rental growth and enhance overall property performance. Based on market rents, the asset offers the potential to achieve an estimated 4.25% market capitalization rate and 16.67 GRM, providing a compelling value-add opportunity while benefiting from the long-term stability of the Hermosa Beach rental market. With exceptionally high barriers to entry, limited new multifamily development, and consistently strong tenant demand, 114 Hermosa Ave offers investors the opportunity to acquire a trophy coastal asset with durable cash flow, significant income growth potential, and long-term appreciation in one of Los Angeles County's most coveted beachfront communities. The property's premier coastal location, breathtaking ocean views, exceptional resident amenities, and value-add potential position it as a truly outstanding investment opportunity in one of Southern California's most prestigious beach communities.

8 Beds ⋅ 6 Baths ⋅ ACTIVE Status

114 Hermosa Ave, Hermosa Beach

Courtesy of BRC Advisors- BH, Maxwell Forester - CA DRE#02283478