1702 Hermosa Avenue

Hermosa Beach, CA
$ 8,995,000 Beds 0 Baths 1 Sq 5,520
Monthly Estimate* How much can I afford?

***Price Reduced $1,000,000***1702 Hermosa Avenue is an exceptional ocean view 10-unit property located in highly sought-after Hermosa Beach. It is rare to encounter an opportunity to acquire a “to the studs” fully remodeled property spanning ±5,520 rentable square feet that includes fourteen bedrooms and ten bathrooms with ocean Views, under $10M on this prime stretch of Hermosa Avenue. Fully renovated from top to bottom, this property highlights meticulous diligence, including all visible elements, plumbing, electrical, landscaping, hardscaping, modern architecture, and more. Perched on an elevated parcel with sweeping ocean views, breezes, this gem provides easy walkable access to Pier Avenue with its vibrant restaurants, shops, bars, and cafes. 1702 Hermosa Ave defines Southern California coastal living and investing at its finest. Its desirable breathtaking ocean views from six of the ten units provide the epitome of the Southern California beach lifestyle. A high walking score of 95 from WalkScore.com, this remarkable income property offers excellent investment potential. 1702 Hermosa Avenue is a one-of-a-kind property that rarely appears in the market in its location. Its versatility, stunning views, and unmatched location make it an irresistible opportunity for discerning buyers, investors, or those seeking a turnkey and fully renovated asset with ocean views. Rare Oceanview Income Property on Hermosa Avenue. • 6 Two Bedroom & 4 One Bedroom Units • 7 Garages totaling 9 parking spaces • Complete Rehab & Renovation of Exterior & Interior • New: Roof, Plumbing, Sub-Panels, Water Heaters, Kitchens, Bathrooms, Appliances Wiring, Windows & More • Current Monthly Income of $33k per Month • Ocean views and minutes to sand, surf, and Pier Avenue’s renowned dining and retail

Active

  • Price
  • $ 8,995,000
  • City
  • Hermosa Beach
  • Bedrooms
  • 0
  • Full Bathrooms
  • 1
  • County
  • Los Angeles
  • Half Bathrooms
  • 0
  • Area
  • Hermosa Bch Sand
  • Lot Size
  • 0.1132 Acres
  • Zip
  • 90254
  • Sqr Footage
  • 5,520
  • Year Built
  • 1953
  • Style
  • MLS#
  • OC26003055
Listed By: Jonathan Mitchell with Kidder Mathews of California, Inc; jon.mitchell@kidder.com
Data Source: California Regional MLS (CRMLS)

Features

General

Sewer PublicSewer
Garage Spaces 9
Pool Features None
Year Built 1953
Tenant Pays CableTv,Electricity,Gas
Levels ThreeOrMore
Property Subtype Apartment
Gross Income 1736
Community Features Biking,Curbs,DogPark,Fishing,Golf,StormDrains,StreetLights,Sidewalks
County Los Angeles
Net Operating Income 234452
Operating Expense 141214
Insurance Expense 6568
New Construction false
Property Type ResidentialIncome
HOA false
MaintenanceExpense 9925
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions West of PCH & North of Pier Ave
City Hermosa Beach
Entry Location Street & Alley
Senior Community Y/N false
Number Of Units Total 10
MLS Area 148 - Hermosa Bch Sand
Lot Size Units SquareFeet
Lot Size Square Feet 4931
Number of Units Leased 10
Listing Terms Cash,CashToNewLoan
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 3354
Trash Expense 4859
Water Sewer Expense 4641
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units SquareFeet
Standard Status Active
Year Built Source PublicRecords
Tax Lot 6
Total Actual Rent 32572
Property Sub Type Additional Apartment
Taxes 89989
Cap Rate 2.71
PostalCity HERMOSA BEACH

Interior Features

Total Stories 3
Common Walls TwoCommonWallsOrMore
Laundry Features CommonArea
Entry Level 1

Exterior Features

Parking Features Assigned
Lot Features SixToTenUnitsAcre
Water Source Public
Total Parking 9
Lot Size Area 4931
Number of Buildings 1
Building Area Total 5520
Lot Size Acres 0.1132
Private Pool false
Lot Size Source Assessor
Number of Separate Gas Meters 10
Number of Separate Electric Meters 10

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Temecula, CA office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

2/17/2026 Listed $8,995,000

Property vs Zip Code Average in 90254

Price
AVG $3.41M
$9M
Year Built
AVG 1968
1953

Areas That We Cover

1702 Hermosa Avenue Hermosa Beach, CA is a Single Family Home for sale at $8995000 with 5520 sqft and a lot size of 0.1132 Acres Acre(s). 1702 Hermosa Avenue Hermosa Beach has 0 bedrooms, 1 baths and was built in 1953. The property's zip code is 90254 which is in Hermosa Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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