Value-Add 5-Unit Multifamily
1502 Palm Drive Hermosa Beach, CA 90254
1502 Palm Drive, Hermosa Beach, CA, 90254
Contact for pricing
For Sale
Contact for pricing
Pending
Five-unit multifamily with three studios, two 1-bed/1-baths, and a detached cottage, delivered vacant for easy re-tenanting.
Property Size2,088 SF
Lot Size0.07 Acres
Days on Market142
Property Features for 1502 Palm Drive
General Information
- Standard status
- Pending
- Size
- 2,088 SF
- Lot size
- 0.07 Acres
- Property subtype
- Multifamily
Listing agency
DOMO Real Estate
Listed by
Ryan Bunke · License #02083042
Source
Crexi
Added: Mar 2 Updated: Jul 21 at 3:40PM Checked: Jul 21 at 3:40PM
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 DOMO Real Estate
Investment Insights
Based on property information with market context.
1502 Palm Drive is a 5-unit multifamily property delivered vacant. The building provides three studio apartments plus two 1-bedroom, 1-bath units, along with a detached cottage featuring a private yard. Totaling approximately 2,088 square feet, the property sits on a full 30 x 100 lot and offers a straightforward mix of unit types for value-add renovation and repositioning.
The property is located in Hermosa Beach, just one block from the Strand and Noble Park, and around the corner from downtown Hermosa. With walkable access to local destinations including The Comedy & Magic Club, Ryla, and Baja Sharkeez, the setting supports tenant demand for a coastal lifestyle.
As presented, this is a compact 5-unit income asset with a mix of studios, 1-bed/1-baths, and a detached cottage component, making it well suited for an investor looking to renovate and improve the property over time.
The property is located in Hermosa Beach, just one block from the Strand and Noble Park, and around the corner from downtown Hermosa. With walkable access to local destinations including The Comedy & Magic Club, Ryla, and Baja Sharkeez, the setting supports tenant demand for a coastal lifestyle.
As presented, this is a compact 5-unit income asset with a mix of studios, 1-bed/1-baths, and a detached cottage component, making it well suited for an investor looking to renovate and improve the property over time.
Key Highlights
- Five‑unit multifamily delivered vacant for easier re‑tenanting
- Unit mix: three studio apartments, two 1‑bed/1‑bath units, plus a detached cottage with private yard
- About 2,088 sq ft total on a full 30 x 100 lot
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Five-unit multifamily with three studios, two 1-bed/1-baths, and a detached cottage, delivered vacant for easy re-tenanting.
Where is this apartment building located?
The property is located at 1502 Palm Drive Hermosa Beach, CA.
What is the asking price?
The asking price for this property is $2,149,999.
What are key features of this property?
This property features: Five‑unit multifamily delivered vacant for easier re‑tenanting; Unit mix: three studio apartments, two 1‑bed/1‑bath units, plus a detached cottage with private yard; About 2,088 sq ft total on a full 30 x 100 lot
