Active

1226 Corona Street

Hermosa Beach, CA 90254

$2,795,000 $11,783/Mo

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Overview

Bed

Bath

3,200

Sqft

7,691

Sqft(Lot)

Description

FULLY OCCUPIED - SELLER WILL OFFER FLEXIBLE TERMS TO QUALIFIED BUYER - SELLER FINANCE AVAILABLE. The subject property represents a rare and highly desirable land assemblage totaling approximately 7,691 square feet in the heart of Hermosa Beach. Currently operating as a four-unit income-producing asset, the property offers investors immediate cash flow while presenting a compelling long-term redevelopment opportunity. The site benefits from a larger-than-average buildable envelope, which is uncommon for the immediate submarket and provides enhanced design flexibility for a future buyer. Based on preliminary analysis, there is a potential opportunity to develop two single family residences along with two accessory dwelling units (ADUs), allowing for a unique and versatile end use. (Buyer to verify all zoning, development standards, and feasibility with the City of Hermosa Beach.) Compared to recent land sales in the surrounding area, the property offers a significant discount on a per-lot and per-square-foot basis, particularly when considering the scale of the assemblage and its potential for creative redevelopment. This positions the asset as an attractive acquisition for both end-users seeking a generational homesite and builders targeting premium coastal product. In summary, the subject property combines current income, rare lot size, and long-term upside, making it one of the more unique opportunities available in the Hermosa Beach market.

Property Details

Property Type : Residential

Price : $2,795,000

AD Id : 81482400

MLS Id : 26844077

Beds : 6

Lot Size : 7,691 Sqft

Living Area Size : 3,200

Year Built : --

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 6

Bathroom Information

Total Baths: 5 Full Baths: 5 Half Baths: 0
Interior Features

Property Appliances: Disposal,Refrigerator Fireplace: None Furnished Description: Unfurnished
Cooling Features

None Air Conditioning

Heating Source

Wall Furnace Has Heating

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Building Area Total: 3,200
Pool Features

None

Laundry Features

None

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1766
Lot Size Source: Other Lot Size Square Feet: 7691

Listing Price Information

Original List Price: 2,795,000 Listing Contract Date: 2026-06-04
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 4185016015

Garage and Parking

Garage Description: Uncovered

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: 150 - Hermosa Bch East Postal Code Plus 4: 4032 Directions: Corona St & Aviation Blvd Zoning: HBC3YY Source Property Type: Residential Area: 150 - Hermosa Bch East Property SubType: Single Family Residence
Building and Construction

Common Walls: No Common Walls Structure Type: Single Family Residence Year Built Source: Vendor Enhanced Total Square Feet Living: 3200 Levels or Stories: One Building Total Stories: 1

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1239 9th, Hermosa Beach, CA, 90254	$1,875,000	3	1	1,214	1,214 SqFt
117 Prospect Avenue, Hermosa Beach, CA, 90254	$1,200,000	2	1	768	768 SqFt
1402 Prospect Avenue, Hermosa Beach, CA, 90254	$1,750,000	3	1	1,197	1,197 SqFt
1246 1st, Hermosa Beach, CA, 90254	$1,749,000	2	1	1,414	1,414 SqFt
1238 20th, Hermosa Beach, CA, 90254	$1,600,000	3	3	1,777	1,777 SqFt
1232 1st Street, Hermosa Beach, CA, 90254	$1,799,000	4	--	2,039	2,039 SqFt
1224 Corona Street, Hermosa Beach, CA, 90254	$2,795,000	6	--	3,200	3,200 SqFt
1212 19th Street, Hermosa Beach, CA, 90254	$3,199,000	4	4	3,084	3,084 SqFt
1039 8th Street, Hermosa Beach, CA, 90254	$1,785,000	2	1	1,023	1,023 SqFt
1001 4th, Hermosa Beach, CA, 90254	$4,200,000	4	3	3,594	3,594 SqFt

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ByOwner last updated this listing 06/16/2026 @ 18:25

MLS: 26844077 LISTED BY: Jonathan Weir, Marcus & Millichap 424-405-3900 SOURCE: CRMLS