Coastal Quadplex with Ocean
For Sale
$3,500,000
114 Hermosa Avenue, Hermosa Beach, CA 90254
Four-unit apartment property with balconies, covered parking, resident storage, laundry, and a shared rooftop deck.
Property Size4,002 SF
Lot Size0.07 Acres
Price / SF$874.56
Days on Market11
Property Features for 114 Hermosa Avenue
General Information
Standard status
Active
Size
4,002 SF
Net Rentable
4,002 SF
Total Parking Spaces
8
Lot size
0.07 Acres
Property subtype
Multi-family
Financials
Cap Rate
3.28%
Gross Rent Multiplier
20.01
Additional Details
Multifamily Units
4
Amenities
private balconies
private storage units
community laundry facility
shared rooftop deck
ocean views
Building Details
Year Built
1971
Listing Agency:
BRC Advisors- BH
Listed By:
Maxwell Forester
(714) 497-3550
Source:
Sevengables
Added: Jul 31
Changed: Aug 9
Last Checked: Aug 10 at 4:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BRC Advisors- BH
Investment Insights
Based on property information with market context.
This four-unit apartment property at 114 Hermosa Avenue was built in 1971 and contains approximately 4,002 rentable square feet on a 2,900 square foot lot. Each residence includes a private balcony and storage unit, while shared amenities include a laundry facility within the carport and a rooftop deck with ocean and coastline views. The property also provides eight covered parking spaces.
The asset is positioned in Hermosa Beach, within walking distance of the Hermosa Beach Pier, The Strand, restaurants, boutique retail, and employment centers across the South Bay. Ocean views are available from the property. Current operating metrics include a 3.28% capitalization rate and a 20.01 GRM; market-rent projections identify a 4.25% capitalization rate and a 16.67 GRM.
The asset is positioned in Hermosa Beach, within walking distance of the Hermosa Beach Pier, The Strand, restaurants, boutique retail, and employment centers across the South Bay. Ocean views are available from the property. Current operating metrics include a 3.28% capitalization rate and a 20.01 GRM; market-rent projections identify a 4.25% capitalization rate and a 16.67 GRM.
Key Highlights
- Four‑unit apartment property with approximately 4,002 rentable square feet
- Built in 1971 on a 2,900 square foot lot
- Eight covered parking spaces, private storage for each resident, and on‑site laundry
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,454
Businesses Nearby
Explore this area
Business Placement
Demographics for 90254, CA
19,736
Population
10,454
Households
1.9
Avg Household Size
40
Median Age
77%
College-Educated
98%
High-School Grad
1.4 sq mi
ZIP Area
14,097
Density / Sq Mi
$152,019
Median Household Income
$104,385
Median Earnings
$2,812
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit apartment property with balconies, covered parking, resident storage, laundry, and a shared rooftop deck.
Where is this quadplex located?
The property is located at 114 Hermosa Avenue Hermosa Beach, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Four‑unit apartment property with approximately 4,002 rentable square feet; Built in 1971 on a 2,900 square foot lot; Eight covered parking spaces, private storage for each resident, and on‑site laundry
