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.
- Pool:
- No
- Heating System:
- Wall Furnace, Forced Air
- Cooling System:
- No
- View:
- Ocean, Pier, Bay, White Water, City Lights, Marina, Water, Panoramic, Coastline, Catalina, Harbor
- Parking:
- 8.00
- New Construction YN:
- 0
- Laundry:
- Community, In Carport
- Parking:
- Assigned, Carport, Covered, Built-In Storage
- Common Walls:
- 1 Common Wall
- Senior Community:
- 0
- List Agent Agent ID:
- CLW-C146038
- Stories:
- 3
- Association:
- 0
- Spa Construction:
- No
- Property Condition:
- Fixer
- Appliances:
- Refrigerator, Dishwasher
- Spa:
- 0
- Street:
- Hermosa
- Street Number:
- 114
- Street Suffix:
- Avenue
- Zip4:
- 5025
- Floor Number:
- 0
- Longitude:
- W119° 36' 8.8''
- Latitude:
- N33° 51' 14.7''
- Listing Courtesy of:
- BRC Advisors- BH
- TaxAnnualAmount:
- $0
- Zoning:
- HBR3*
- Lot Size Square Feet:
- 2,900 Sqft
- List Agent Last Name:
- Forester
- List Agent License Number:
- 02283478
- Special Listing Conditions:
- Standard
- List Office ID:
- CLW-X82405
- List Agent First Name:
- Maxwell
- DirectionFaces:
- West
- Directions:
- From Pacific Coast Hwy turn west on Herondo St. Turn North on Hermosa Ave.
- MLSAreaMajor:
- 148 - Hermosa Bch Sand
- Levels:
- Multi/Split
- Parcel Number:
- 4188012038
- List Agent License Number:
- 02078334
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
Residential Income For Sale
114 Hermosa Avenue, Hermosa Beach, California 90254
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- 26867229
- List Price :
- $3,500,000
- Year Built :
- 1971
- Lot Area :
- 0.07 Sqft
- Country:
- US
- State:
- CA
- County:
- Los Angeles
- City:
- Hermosa Beach
- Zipcode:
- 90254
- Water front Features:
- Ocean Access
- Status :
- Active
- Price Per Square Foot :
- $875
- Days on Market :
- 70
