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$2,450,000
6 Beds ⋅ 5 Baths ⋅ 26844077 MLS
PRICE REDUCED BY $345,000! Current Income Justifies the Purchase Price - Future Development Potential Comes at a Significant Discount. This is an exceptional opportunity to acquire one of the most compelling value-add and development opportunities in Hermosa Beach. The property is now offered at an attractive $765 per square foot for the existing four income-producing units and just $318 per square foot of land, representing a land basis well below current market levels. Unlike many development opportunities where buyers pay a premium for future potential, this offering makes financial sense as a stand-alone income property while providing substantial upside through future redevelopment. Investors can acquire a stabilized four-unit asset at pricing supported by today's cash flow, while effectively securing a premier Hermosa Beach development site at a significant discount to replacement and land value. According to the City, the property may accommodate the future construction of two new single-family residences with an ADU behind each home (buyer to independently verify all development potential with the City of Hermosa Beach). This creates a rare opportunity to generate rental income while preserving the flexibility to develop immediately or capitalize on future appreciation. Whether an investor is seeking stable in-place income, a long-term land hold, or an immediate development project, the property offers multiple strategies to maximize returns. Adding to its appeal, the seller may consider seller financing, creating additional flexibility for qualified buyers. Opportunities to acquire premium Hermosa Beach land with existing income, below-market land pricing, and meaningful development upside are increasingly rare. This is a unique chance to purchase an asset that works both as a cash- flow investment today and as a deeply discounted future development opportunity.

1226 Corona St, Hermosa Beach

Courtesy of Marcus & Millichap, Jonathan Weir - CA DRE#02038545

$2,450,000
6 Beds ⋅ 5 Baths ⋅ 26844081 MLS
PRICE REDUCED BY $345,000! Current Income Justifies the Purchase Price - Future Development Potential Comes at a Significant Discount. This is an exceptional opportunity to acquire one of the most compelling value-add and development opportunities in Hermosa Beach. The property is now offered at an attractive $765 per square foot for the existing four income-producing units and just $318 per square foot of land, representing a land basis well below current market levels. Unlike many development opportunities where buyers pay a premium for future potential, this offering makes financial sense as a stand-alone income property while providing substantial upside through future redevelopment. Investors can acquire a stabilized four-unit asset at pricing supported by today's cash flow, while effectively securing a premier Hermosa Beach development site at a significant discount to replacement and land value. According to the City, the property may accommodate the future construction of two new single-family residences with an ADU behind each home (buyer to independently verify all development potential with the City of Hermosa Beach). This creates a rare opportunity to generate rental income while preserving the flexibility to develop immediately or capitalize on future appreciation. Whether an investor is seeking stable in-place income, a long-term land hold, or an immediate development project, the property offers multiple strategies to maximize returns. Adding to its appeal, the seller may consider seller financing, creating additional flexibility for qualified buyers. Opportunities to acquire premium Hermosa Beach land with existing income, below-market land pricing, and meaningful development upside are increasingly rare. This is a unique chance to purchase an asset that works both as a cash- flow investment today and as a deeply discounted future development opportunity.

1224 Corona St, Hermosa Beach

Courtesy of Marcus & Millichap, Jonathan Weir - CA DRE#02038545

$1,695,000
4 Beds ⋅ 3 Baths ⋅ 26835137 MLS
Located in the highly desirable beach community of Hermosa Beach, this duplex property presents an exceptional opportunity for an owner user, investor, or developer. The property features a 3 bedroom, 2 bathroom unit on the lower level and a 1 bedroom, 1 bathroom unit above, offering approximately 2,039 sq ft of living space on a 4,232 sq ft lot. Whether you are looking to generate rental income, occupy one unit while renting the other, or explore future development potential, this property offers tremendous upside in a prime coastal location.

1232 1st St, Hermosa Beach

Courtesy of The CREM Group, Mark Cianciulli - CA DRE#01990266

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