Ocean-View Fully Renovated
For Lease
$8,995,000
1702 Hermosa Avenue, Hermosa Beach, CA 90254
Fully renovated 10-unit multifamily with ocean views, garages, and a mix of one- and two-bedroom layouts.
Space SizeContact for details
Days on Market51
Property Features for 1702 Hermosa Avenue
General Information
Standard status
Active
Total Parking Spaces
9
Property subtype
Commercial
Additional Details
Business Included
Yes
Multifamily Units
10
Building Details
Year Built
1953
Listing Agency:
Kidder Mathews of California, Inc
(559) 638-3651
Listed By:
Jonathan Mitchell (jon.mitchell@kidder.com)
Source:
Valleyland
Added: Jul 4
Changed: Aug 15
Last Checked: Aug 23 at 6:25AM
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 Kidder Mathews of California, Inc
Investment Insights
Based on property information with market context.
1702 Hermosa Avenue is a 10-unit apartment building that has been fully renovated “to the studs,” with interior and exterior improvements completed. The configuration includes six two-bedroom units and four one-bedroom units, for a total of fourteen bedrooms and ten bathrooms. The property also features an elevated site with ocean views; six of the ten units have ocean views, along with breezes associated with the higher elevation. Renovations referenced in the description include updated plumbing and electrical work, new water heaters, kitchens and bathrooms, appliances, wiring, windows, and exterior and landscaping/hardscaping improvements.
The building is positioned on Hermosa Avenue in Hermosa Beach and is described as providing easy walkable access to Pier Avenue and its dining and retail. The location is presented as a coastal setting with minutes-to-the-area access to the sand and surf, supported by the remarks’ emphasis on ocean-oriented convenience.
For tenants or operators, the unit mix supports both single-occupant or smaller-household needs and larger two-bedroom living arrangements, with ocean views available on a portion of the homes. Off-street parking is supported by seven garages totaling nine parking spaces. With the extensive renovation scope described, the property is best suited to those seeking a turnkey, renovated multifamily building with established onsite parking and a portion of units positioned for ocean views.
The building is positioned on Hermosa Avenue in Hermosa Beach and is described as providing easy walkable access to Pier Avenue and its dining and retail. The location is presented as a coastal setting with minutes-to-the-area access to the sand and surf, supported by the remarks’ emphasis on ocean-oriented convenience.
For tenants or operators, the unit mix supports both single-occupant or smaller-household needs and larger two-bedroom living arrangements, with ocean views available on a portion of the homes. Off-street parking is supported by seven garages totaling nine parking spaces. With the extensive renovation scope described, the property is best suited to those seeking a turnkey, renovated multifamily building with established onsite parking and a portion of units positioned for ocean views.
Key Highlights
- 10‑unit multifamily built in 1953 with approx. 5,520 rentable SF and ocean views from six of the units
- Unit mix: 6 two‑bedroom and 4 one‑bedroom apartments
- Parking/garages: 7 garages totaling 9 parking spaces
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Turnkey business
Opportunity
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,880
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully renovated 10-unit multifamily with ocean views, garages, and a mix of one- and two-bedroom layouts.
Where is this apartment building located?
The property is located at 1702 Hermosa Avenue Hermosa Beach, CA.
What is the lease rate?
The lease rate is $8,995,000.
What are key features of this property?
This property features: 10‑unit multifamily built in 1953 with approx. 5,520 rentable SF and ocean views from six of the units; Unit mix: 6 two‑bedroom and 4 one‑bedroom apartments; Parking/garages: 7 garages totaling 9 parking spaces
