Hermosa Bch Sand (148) Homes with Multi Level Stories

Welcome to Hermosa Beach, a sun-kissed gem nestled along California's stunning coastline in Los Angeles County. Known for its vibrant beach culture, this charming city offers a perfect blend of relaxation and recreation. With its picturesque sandy shores and lively promenade, Hermosa Beach is a haven for beach lovers and outdoor enthusiasts alike.

One of the standout features of this region is its diverse real estate market, particularly the availability of multi-level story homes. These architectural beauties not only maximize space but also provide breathtaking views of the Pacific Ocean and the enchanting sunsets that Hermosa Beach is famous for. Imagine waking up each morning in a multi-level home, where the gentle sound of waves lapping at the shore becomes the backdrop to your daily life.

Hermosa Beach is not just about the homes; it’s a community that thrives on its active lifestyle. You can enjoy surfing, beach volleyball, and cycling along the scenic Strand, or indulge in the local dining scene, featuring everything from casual beachside eateries to upscale restaurants. The vibrant nightlife and community events make it a delightful place to call home.

Whether you’re looking for a cozy beach cottage or a luxurious multi-level home with panoramic views, Hermosa Beach offers a unique blend of coastal charm and modern living. Embrace the lifestyle that comes with living in this beautiful beach town, where every day feels like a vacation. Come explore your dream home in Hermosa Beach and experience the ultimate California coastal living!

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 3.28% 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.

114 Hermosa Avenue, Hermosa Beach

Start Your Search

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.