1224 Corona Street
Hermosa Beach, CA 90254
6
Bed
5
Bath
3,200Sqft
7,691Sqft(Lot)
PRICE REDUCED BY $620,000! Current Income Justifies the Purchase Price - Future Development Potential Comes at a Significant Discount. This is an exceptional opportunity to acquire one of the most compelling value-add and development opportunities in Hermosa Beach. The property is now offered at an attractive $679 per square foot for the existing four income-producing units and just $282 per square foot of land, representing a land basis well below current market levels. Unlike many development opportunities where buyers pay a premium for future potential, this offering makes financial sense as a stand-alone income property while providing substantial upside through future redevelopment. Investors can acquire a stabilized four-unit asset at pricing supported by today's cash flow, while eff
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 6Bathroom Information
Total Baths: 5 -
Interior Features
Appliances: Disposal, Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: WallFurnace Cooling: None
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Building Information
Building Area Total: 3200Stories: 1Private Pool: No
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Lot Information
Main Square Feet: 7691 Lot Size Acres: 0.1766 Lot Size Source: Other Lot Size Square Feet: 7,691
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Listing Price Information
Listing Price: $2175000Original Price: $2795000
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Tax Information
Parcel Number: 4185016018
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Virtual Tour
Parking Information
Uncovered
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Location Information
Direction: Corona St & Aviation Blvd
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1205 11th Street, Hermosa Beach, CA, 90254 | $1,598,000 | 3 | 2 | 1,710 | 2,483 Sq. Ft |
| 1520 Silver, Hermosa Beach, CA, 90254 | $1,650,000 | 2 | 2 | 1,400 | 3,994 Sq. Ft |
| 1536 Silver, Hermosa Beach, CA, 90254 | $3,400,000 | 4 | 3 | 3,539 | 4,482 Sq. Ft |
| 1102 10th, Hermosa Beach, CA, 90254 | $1,849,000 | 3 | 2 | 1,532 | 3,278 Sq. Ft |
| 1136 8th Street, Hermosa Beach, CA, 90254 | $2,400,000 | 3 | 2 | 2,000 | 5,004 Sq. Ft |
| 1217 21st, Hermosa Beach, CA, 90254 | $1,499,000 | 2 | 2 | 987 | 2,496 Sq. Ft |
| 1136 2nd, Hermosa Beach, CA, 90254 | $2,199,000 | 4 | 3 | 1,931 | 2,250 Sq. Ft |
| 1836 Hillcrest, Hermosa Beach, CA, 90254 | $1,795,000 | 2 | 1 | 943 | 3,402 Sq. Ft |
| 725 24th Street, Hermosa Beach, CA, 90254 | $3,499,000 | 4 | 3 | 3,332 | 5,408 Sq. Ft |
| 2965 La Carlita Place, Hermosa Beach, CA, 90254 | $11,250,000 | 7 | 9 | 7,832 | 8,692 Sq. Ft |
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ByOwner last updated this listing 10/07/2026 @ 15:07
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