1502 Palm Drive
Hermosa Beach, CA 90254
0
Bed
0
Bath
2,088Sqft
2,922Sqft(Lot)
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 wa
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Public Sewer -
Cooling Features
None Air Conditioning
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Building Information
Year Built: 1913 Building Area Total: 2,088 -
Pool Features
NoneLaundry Features
Inside
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.0671 -
Lot Size Source: Assessor Lot Size Square Feet: 2922
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Listing Price Information
Original List Price: 1,995,000 Listing Contract Date: 2026-03-02 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 4183013075
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Garage and Parking
Garage Description: AssignedHomeowners Association
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Rental Info
Lease Term: Negotiable Tenant Pays: Electricity,Gas,Other
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Other Property Info
Source Listing Status: Active Source Neighborhood: 148 - Hermosa Bch Sand Directions: Palm Dr & 15th St Source Property Type: Residential Income Area: 148 - Hermosa Bch Sand Property SubType: Apartment -
Building and Construction
Property Age: 113 Common Walls: No Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Levels or Stories: One Building Total Stories: 1
How much is this property worth?
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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 |
| 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 |
| 1210 1st Place, Hermosa Beach, CA, 90254 | $2,050,000 | 3 | 2 | 1,596 | 1,596 SqFt |
| 1039 8th Street, Hermosa Beach, CA, 90254 | $1,785,000 | 2 | 1 | 1,023 | 1,023 SqFt |
| 1025 2nd Street, Hermosa Beach, CA, 90254 | $1,298,900 | 3 | 1 | 680 | 680 SqFt |
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ByOwner last updated this listing 06/09/2026 @ 10:55
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