1226 Corona Street
Hermosa Beach, CA 90254
6
Bed
5
Bath
3,200Sqft
7,691Sqft(Lot)
PRICE REDUCED BY $345,000! 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 $765 per square foot for the existing four income-producing units and just $318 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 Full Baths: 5 -
Interior Features
Appliances: Disposal, RefrigeratorLaundry Features: None -
Heating & Cooling
Has Heating: Yes Heating: WallFurnace Cooling: None
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Building Information
Building Area Total: 3200Stories: 1Pool Features: NonePrivate Pool: NoView: None
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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: $2450000Original Price: $2795000
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Tax Information
Parcel Number: 4185016015
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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 |
|---|---|---|---|---|---|
| 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 |
| 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 |
| 724 24th Place, Hermosa Beach, CA, 90254 | $6,795,000 | 5 | 5 | 4,500 | 4,500 SqFt |
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ByOwner last updated this listing 08/18/2026 @ 02:31
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