Hermosa Bch Sand (148) Homes with Multi Level Stories

Hermosa Bch Sand (148) Homes with Multi Level Stories

Welcome to Hermosa Beach, California, a coastal gem nestled in the heart of Los Angeles County. Known for its stunning sandy shores, vibrant community, and laid-back lifestyle, this picturesque beach town offers an idyllic setting for those seeking a slice of paradise. With the Pacific Ocean as your backdrop, Hermosa Beach is the perfect place to enjoy sun-soaked days, ocean breezes, and breathtaking sunsets.

One of the most enticing features of Hermosa Beach is its diverse architecture, particularly the charming multi-level homes that grace the coastline. These multi-story residences not only maximize the stunning ocean views but also provide ample living space for families and individuals alike. Picture yourself sipping coffee on a sun-drenched balcony, watching the waves roll in, or hosting friends for a sunset barbecue on your rooftop deck. The architectural variety in Hermosa Beach ensures that there’s a perfect home for everyone, whether you’re looking for a modern masterpiece or a cozy beach cottage.

The vibrant local culture thrives in Hermosa Beach, with a plethora of shops, restaurants, and recreational activities just a stone’s throw away. Stroll along the famous Hermosa Beach Pier, explore the lively Farmers Market, or enjoy a day of surfing at one of the nearby beaches. With its friendly atmosphere and stunning coastal scenery, Hermosa Beach is not just a place to live; it’s a lifestyle waiting to be embraced.

Discover your dream multi-level home in Hermosa Beach, where every day feels like a vacation, and the ocean is your playground. Come experience the charm and beauty of this coastal paradise!

Newest Hermosa Bch Sand (148) Homes with Multi Level Stories

$3,500,000
8 Beds ⋅ 6 Baths ⋅ 26867229 MLS ⋅ Active Status
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 3.27% capitalization rate and a 20.05 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.

114 Hermosa Avenue, Hermosa Beach
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.