1 UNIT DELIVERED VACANT! 1502 Palm Drive presents a rare 4-unit value-add multifamily opportunity in an A+ Hermosa Beach location just one block from the Strand and Noble Park. Tucked right around the corner from downtown Hermosa, the property enjoys a 97 “Walker’s Paradise” Walk Score with easy access to some of the area’s most popular local spots including the The Comedy & Magic Club, Ryla, and Baja Sharkeez.
The property consists of four units totaling approximately 2,088 square feet on a full 30’ x 100’ lot. The unit mix includes two studio apartments and a detached cottage with a private yard and two 1-bed/1-bath units.
Significant upside in rents for an investor looking to renovate and reposition over time.
Opportunities to acquire a multifamily asset with this level of walkability and proximity to the beach rarely come to market, making 1502 Palm Drive an ideal option for investors seeking a prime coastal location with clear value-add potential.
- Pool:
- No
- Cooling System:
- No
- Parking:
- 2.00
- New Construction YN:
- 0
- Laundry:
- Inside
- Parking:
- Assigned
- Sewer:
- Public Sewer
- Common Walls:
- No Common Walls
- Senior Community:
- 0
- List Agent Agent ID:
- SBBUNKRYA
- Water Source:
- Public
- Lot Features:
- Yard
- Community Features:
- Sidewalks, Street Lights, Watersports, Curbs, Biking
- Stories:
- 1
- Entry Level:
- 1
- Entry Location:
- Yes
- Street:
- Palm
- Street Number:
- 1502
- Street Suffix:
- Drive
- Floor Number:
- 0
- Longitude:
- W119° 36' 0.4''
- Latitude:
- N33° 51' 52.7''
- Listing Courtesy of:
- DOMO Real Estate
- TaxAnnualAmount:
- $0
- Garage Spaces:
- 2
- Lot Size Square Feet:
- 2,922 Sqft
- List Agent Last Name:
- Bunke
- List Agent License Number:
- 02083042
- Special Listing Conditions:
- Standard
- List Office ID:
- SB1323040
- List Agent First Name:
- Ryan
- Directions:
- Palm Dr & 15th St
- MLSAreaMajor:
- 148 - Hermosa Bch Sand
- Levels:
- One
- Parcel Number:
- 4183013075
- List Agent License Number:
- 01290500
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
Residential Income For Sale
1502 Palm Drive, Hermosa Beach, California 90254
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- SB26047833
- List Price :
- $1,995,000
- Year Built :
- 1913
- Lot Area :
- 0.07 Sqft
- Country:
- US
- State:
- CA
- County:
- Los Angeles
- City:
- Hermosa Beach
- Zipcode:
- 90254
- Status :
- Pending
- Property Type :
- Apartment
- Price Per Square Foot :
- $955
- Days on Market :
- 95
