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.
- Heating System:
- Wall Furnace
- Cooling System:
- No
- Parking:
- 0.00
- New Construction YN:
- 0
- Parking:
- Uncovered
- Senior Community:
- 0
- List Agent Agent ID:
- CLW-C132655
- Stories:
- 1
- Association:
- 0
- Appliances:
- Refrigerator, Disposal
- Street:
- Corona
- Street Number:
- 1224
- Street Suffix:
- Street
- Zip4:
- 4032
- Floor Number:
- 0
- Longitude:
- W119° 36' 42''
- Latitude:
- N33° 51' 53.1''
- 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:
- 4185016018
- List Agent License Number:
- 00530854
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
Residential Income For Sale
1224 Corona Street, Hermosa Beach, California 90254
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- 26844081
- List Price :
- $2,795,000
- Lot Area :
- 0.18 Sqft
- Country:
- US
- State:
- CA
- County:
- Los Angeles
- City:
- Hermosa Beach
- Zipcode:
- 90254
- Status :
- Active
- Price Per Square Foot :
- $873
- Days on Market :
- 8




















