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    Property Description

    FULLY OCCUPIED – SELLER WILL OFFER FLEXIBLE TERMS TO QUALIFIED BUYER – SELLER FINANCE AVAILABLE. The subject property represents a rare and highly desirable land assemblage totaling approximately 7,691 square feet in the heart of Hermosa Beach. Currently operating as a four-unit income-producing asset, the property offers investors immediate cash flow while presenting a compelling long-term redevelopment opportunity. The site benefits from a larger-than-average buildable envelope, which is uncommon for the immediate submarket and provides enhanced design flexibility for a future buyer. Based on preliminary analysis, there is a potential opportunity to develop two single family residences along with two accessory dwelling units (ADUs), allowing for a unique and versatile end use. (Buyer to verify all zoning, development standards, and feasibility with the City of Hermosa Beach.) Compared to recent land sales in the surrounding area, the property offers a significant discount on a per-lot and per-square-foot basis, particularly when considering the scale of the assemblage and its potential for creative redevelopment. This positions the asset as an attractive acquisition for both end-users seeking a generational homesite and builders targeting premium coastal product. In summary, the subject property combines current income, rare lot size, and long-term upside, making it one of the more unique opportunities available in the Hermosa Beach market.

    Features
    Pool:
    No
    Heating System:
    Wall Furnace
    Cooling System:
    No
    View:
    No
    Fireplace:
    No
    Parking:
    0.00
    New Construction YN:
    0
    Laundry:
    No
    Parking:
    Uncovered
    Room Type:
    Family Room
    Common Walls:
    No Common Walls
    Senior Community:
    0
    List Agent Agent ID:
    CLW-C132655
    Stories:
    1
    Association:
    0
    Spa Construction:
    No
    Appliances:
    Refrigerator, Disposal
    Spa:
    0
    Address Map
    Street:
    Corona
    Street Number:
    1226
    Street Suffix:
    Street
    Zip4:
    4032
    Floor Number:
    0
    Longitude:
    W119° 36' 41.9''
    Latitude:
    N33° 51' 53.3''
    MLS Addon
    Listing Courtesy of:
    Marcus & Millichap
    TaxAnnualAmount:
    $0
    Zoning:
    HBC3YY
    Lot Size Square Feet:
    7,691 Sqft
    List Agent License Number:
    02038545
    Special Listing Conditions:
    Standard
    List Office ID:
    CLW-X7515105
    Directions:
    Corona St & Aviation Blvd
    MLSAreaMajor:
    150 - Hermosa Bch East
    Levels:
    One
    Parcel Number:
    4185016015
    TaxAnnualAmount:
    $0

    Residential For Sale

    1226 Corona Street, Hermosa Beach, California 90254

    0.18 Sqft
    $2,795,000
    Listing ID #26844077
    Basic Details
    Property Type :
    Residential
    Listing Type :
    For Sale
    Listing ID :
    26844077
    List Price :
    $2,795,000
    Lot Area :
    0.18 Sqft
    Country:
    US
    State:
    CA
    County:
    Los Angeles
    City:
    Hermosa Beach
    Zipcode:
    90254
    Bathrooms :
    5
    Status :
    Active
    Price Per Square Foot :
    $873
    Days on Market :
    9
    Property Sub Type :
    Single Family Residence
    Agent info
    Contact Agent
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