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Listed by Ryan Bunke • DOMO Real Estate
$ 2,149,500
Est. payment /mo
Active
1502 Palm Drive Hermosa Beach, CA 90254
2,088 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 2,088 sqft
Price per Sqft $1,029
MLS Listing ID SB-26047833
Year Built 1913
Lot Size 2,922 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
1 UNIT DELIVERED VACANT! 1502 Palm Drive presents a rare 5-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 five units totaling approximately 2,088 square feet on a full 30' x 100' lot. The unit mix includes three 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.
The property consists of five units totaling approximately 2,088 square feet on a full 30' x 100' lot. The unit mix includes three 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.
Location
State CA
County Los Angeles
Area 148 - Hermosa Beach Sand
Interior
Laundry Inside
Exterior
Parking Features Assigned
Garage Spaces 2.0
Pool None
Community Features Biking, Curbs, Sidewalks, Street Lights, Watersports
Building
Lot Description Yard
Sewer Public Sewer
Nearby Locations