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1702 Hermosa Ave
Hermosa Beach, CA 90254
Multifamily Property For Sale
·
10 Units
Investment Highlights
- Turnkey ten-unit apartment community
- Exceptional walk score of 95
- Complete property renovation in 2025
- Breathtaking ocean views
- Priced well below condominium and single-family home values
- Walkable location near Pier Avenue, The Strand, and the beach
Executive Summary
1702 Hermosa Avenue presents a rare opportunity to acquire a fully renovated 10-unit multifamily asset in one of Southern California’s most desirable coastal communities. Situated along iconic Hermosa Avenue, the property offers ocean views from multiple units and walkable access to Pier Avenue, The Strand, the beach, restaurants, retail, and entertainment destinations that define the Hermosa Beach lifestyle.
The property consists of ten apartment units featuring a mix of one-bedroom and two-bedroom floor plans. A comprehensive renovation completed in 2025 transformed the asset from top to bottom, including significant upgrades to plumbing, electrical systems, roofing, kitchens, bathrooms, windows, heating systems, flooring, and common improvements. The result is a turnkey investment designed to appeal to residents seeking updated coastal housing in a supply-constrained market.
The property consists of ten apartment units featuring a mix of one-bedroom and two-bedroom floor plans. A comprehensive renovation completed in 2025 transformed the asset from top to bottom, including significant upgrades to plumbing, electrical systems, roofing, kitchens, bathrooms, windows, heating systems, flooring, and common improvements. The result is a turnkey investment designed to appeal to residents seeking updated coastal housing in a supply-constrained market.
Property Facts
| Price Per Unit | $1,244,548 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 2.71% | Building Size | 5,519 SF |
| Gross Rent Multiplier | 22.97 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1953/2025 |
| Property Subtype | Apartment | Parking Ratio | 0.9/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3, Hermosa Beach - Multiple Family Residential | ||
| Price Per Unit | $1,244,548 CAD |
| Sale Type | Investment |
| Cap Rate | 2.71% |
| Gross Rent Multiplier | 22.97 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,519 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1953/2025 |
| Parking Ratio | 0.9/1,000 SF |
| Zoning | R3, Hermosa Beach - Multiple Family Residential |
Amenities
Site Amenities
- Controlled Access
- Property Manager on Site
- Security System
- Video Patrol
- Storage Space
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 550 - 650 |
| 2+1 | 4 | - | 670 |
Property Taxes
| Parcel Number | 4183-010-011 | Improvements Assessment | $159,821 CAD |
| Land Assessment | $8,470,683 CAD | Total Assessment | $8,630,503 CAD |
Property Taxes
Parcel Number
4183-010-011
Land Assessment
$8,470,683 CAD
Improvements Assessment
$159,821 CAD
Total Assessment
$8,630,503 CAD
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