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1702 Hermosa Avenue

Hermosa Beach, CA 90254
  • $8,995,000
  • STATUS: Active
  • ON SITE: 62 Days
  • ID#: OC26003055
UPDATED: 136 min ago
$8,995,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1953
County:

School Ratings & Info

Listing Agent(s): Jonathan Mitchell of Kidder Mathews of California, Inc (949-557-5000)


Description

***Price Reduced $1,000,000***1702 Hermosa Avenue is an exceptional ocean view10-unit property located in highly sought-afterHermosa Beach. It is rare to encounter an opportunityto acquire a “to the studs” fully remodeled propertyspanning ±5,520 rentable square feet that includesfourteen bedrooms and ten bathrooms with ocean Views, under$10M on this prime stretch of Hermosa Avenue.Fully renovated from top to bottom, thisproperty highlights meticulous diligence, includingall visible elements, plumbing, electrical, landscaping,hardscaping, modern architecture, and more.Perched on an elevated parcel with sweeping oceanviews, breezes, this gem provides easy walkableaccess to Pier Avenue with its vibrant restaurants,shops, bars, and cafes. 1702 Hermosa Ave definesSouthern California coastal living and investing at itsfinest. Its desirable breathtaking ocean views from sixof the ten units provide the epitome of the SouthernCalifornia beach lifestyle. A high walking score of 95from WalkScore.com, this remarkable income property offers excellentinvestment potential. 1702 Hermosa Avenue is a one-of-a-kind propertythat rarely appears in the market in its location. Itsversatility, stunning views, and unmatched locationmake it an irresistible opportunity for discerningbuyers, investors, or those seeking a turnkey andfully renovated asset with ocean views. Rare Oceanview Income Property on HermosaAvenue. • 6 Two Bedroom & 4 One Bedroom Units • 7 Garages totaling 9 parking spaces• Complete Rehab & Renovation of Exterior &Interior • New: Roof, Plumbing, Sub-Panels, WaterHeaters, Kitchens, Bathrooms, Appliances Wiring, Windows & More• Current Monthly Income of $33k per Month • Ocean views and minutes to sand, surf, and PierAvenue’s renowned dining and retail

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-10T00:27:18.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
www.bestsocalhomesearch.com/homes/171771533
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1702 Hermosa Avenue Hermosa Beach, CA 90254

  • Price: $8,995,000
  • Status: Active
  • On Site: 62 Days
  • Updated: 136 min ago
  • ID#: OC26003055
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1953
Built
Neighborhood:
148 - Hermosa Bch Sand
County:
Los Angeles
Area:
148 - Hermosa Bch Sand
Property Description
***Price Reduced $1,000,000***1702 Hermosa Avenue is an exceptional ocean view10-unit property located in highly sought-afterHermosa Beach. It is rare to encounter an opportunityto acquire a “to the studs” fully remodeled propertyspanning ±5,520 rentable square feet that includesfourteen bedrooms and ten bathrooms with ocean Views, under$10M on this prime stretch of Hermosa Avenue.Fully renovated from top to bottom, thisproperty highlights meticulous diligence, includingall visible elements, plumbing, electrical, landscaping,hardscaping, modern architecture, and more.Perched on an elevated parcel with sweeping oceanviews, breezes, this gem provides easy walkableaccess to Pier Avenue with its vibrant restaurants,shops, bars, and cafes. 1702 Hermosa Ave definesSouthern California coastal living and investing at itsfinest. Its desirable breathtaking ocean views from sixof the ten units provide the epitome of the SouthernCalifornia beach lifestyle. A high walking score of 95from WalkScore.com, this remarkable income property offers excellentinvestment potential. 1702 Hermosa Avenue is a one-of-a-kind propertythat rarely appears in the market in its location. Itsversatility, stunning views, and unmatched locationmake it an irresistible opportunity for discerningbuyers, investors, or those seeking a turnkey andfully renovated asset with ocean views. Rare Oceanview Income Property on HermosaAvenue. • 6 Two Bedroom & 4 One Bedroom Units • 7 Garages totaling 9 parking spaces• Complete Rehab & Renovation of Exterior &Interior • New: Roof, Plumbing, Sub-Panels, WaterHeaters, Kitchens, Bathrooms, Appliances Wiring, Windows & More• Current Monthly Income of $33k per Month • Ocean views and minutes to sand, surf, and PierAvenue’s renowned dining and retail
Exterior Features

Entry Level 1 Entry Location Street & Alley Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 10 Open Parking Spaces 0 Parking Features Assigned Parking Total 9 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 2.61 Common Interest Community Apartment Community Features BikingCurbsDog ParkFishingGolfStorm Drain(s)Street LightsSidewalks Electric Expense 3354 Garage YN Yes Gross Income 1736 Gross Scheduled Income 388116 Insurance Expense 6578 Land Lease YN No Laundry Features Common Area Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Maintenance Expense 5688 Net Operating Income 234686 New Construction YN No New Taxes Expense 97989 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 0 Number Of Units Leased 10 Operating Expense 147409 Other Expense 9521 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TVElectricityGas Total Actual Rent 32572 Trash Expense 4859 Vacancy Allowance 781877 Vacancy Allowance Rate 2 Water Sewer Expense 4640 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-10T00:27:18.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
 
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Realty ONE Group Empire
13330 Ranchero Rd. Ste 12
Oak Hills CA, 92344
Listing Agent(s): Jonathan Mitchell of Kidder Mathews of California, Inc (949-557-5000)