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114 Hermosa Avenue

Hermosa Beach, CA 90254
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Bed 8

Bed

Bath 6

Bath

SqFt4,002

Sqft

SqFt2,900

Sqft(Lot)

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 Sout h 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,500,000

AD Id : 89085495

MLS Id : 26867229

Beds : 8

Lot Size : 2,900 Sqft

Living Area Size : 4,002

Year Built : 1971

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 8

    Bathroom Information

    Total Baths: 6
  • Interior Features

    Appliances: Dishwasher, Refrigerator
    Laundry Features: CommonArea, InCarport
  • Heating & Cooling

    Has Heating: Yes Heating: ForcedAir, WallFurnace Cooling: None

  • Building Information

    Year Built: 1971
    Building Area Total: 4002
    Pool Features: None
    Private Pool: No
    Water front Features: OceanAccess
    View: Bay, Catalina, CityLights, Coastline, Harbor, Marina, Ocean, Panoramic, Pier, Water

  • Lot Information

    Main Square Feet: 2900 Lot Size Acres: 0.0666 Lot Size Source: Assessor Lot Size Square Feet: 2,900

  • Listing Price Information

    Listing Price: $3500000

  • Tax Information

    Parcel Number: 4188012038

  • Location Information

    Direction: From Pacific Coast Hwy turn west on Herondo St. Turn North on Hermosa Ave.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1246 1st, Hermosa Beach, CA, 90254 $1,899,000 2 1 1,414 1,414 SqFt
1232 1st Street, Hermosa Beach, CA, 90254 $1,695,000 4 3 2,039 2,039 SqFt
1224 Corona Street, Hermosa Beach, CA, 90254 $2,450,000 6 5 3,200 3,200 SqFt
1226 Corona Street, Hermosa Beach, CA, 90254 $2,450,000 6 5 3,200 3,200 SqFt
1102 10th, Hermosa Beach, CA, 90254 $1,989,000 3 2 1,532 1,532 SqFt
1136 8th Street, Hermosa Beach, CA, 90254 $2,500,000 3 2 2,000 2,000 SqFt
1415 Corona Street, Hermosa Beach, CA, 90254 $1,635,000 2 1 930 930 SqFt
1126 2nd, Hermosa Beach, CA, 90254 $1,995,000 2 2 1,680 1,680 SqFt
826 18th Street, Hermosa Beach, CA, 90254 $4,550,000 5 5 4,100 4,100 SqFt
2965 La Carlita Place, Hermosa Beach, CA, 90254 $11,750,000 7 9 7,832 7,832 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/18/2026 @ 02:33

MLS: 26867229 LISTED BY: Maxwell Forester, BRC Advisors- BH SOURCE: CRMLS

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