Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    602 Hermosa Ave Hermosa Beach, CA 90254-4443
    Property profile & analytics

    602 Hermosa Ave, Hermosa Beach, CA 90254-4443

    View on Map
    • Apartment buildings
    • 3,155 SF
    • 0.09 lot acres
    Off-Market
    Last Sale Sep 29, 2021
    Property ID
    US09-6738000
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $515,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 602 Hermosa Ave

    Year built
    1954
    Construction
    WOOD
    Lot size
    0.09 lot acres
    Zone code
    HBR3YY
    Property type
    Apartment buildings
    APN
    4187-021-030
    APU
    4187021030

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 29, 2021 — Donjac Properties No 1 LLC Donjac Properties No 1 LLC Intrafamily Transfer · related $1.9M · Mufg Union Bank NA
    Sep 19, 2016 — Donjac Properties 1 LLC — Deed · related $250k · Us Bk
    Mar 27, 2008 — Donjac Properties No 1 LLC Donjac Investments LLC Quit Claim Deed —
    Feb 14, 2008 — Donjac Investments LLC Pursell,john C R & Donna C Grant Deed —
    — — Donjac Properties 1 LLC — Loan Modification · related $250k · Us Bk
    Jun 15, 1964 — — — Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hermosa Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.399
    Latitude
    33.858
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,804
    $173,994
    $109,094
    $283,088
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,860 SF

      104 Hermosa Ave

      APARTMENT HOUSE (5+ UNITS)
      104 Hermosa Ave, Hermosa Beach, CA 90254-5023
      View Details
    • Value Estimation by Request
      2,724 SF

      841 Manhattan Ave

      APARTMENT HOUSE (5+ UNITS)
      841 Manhattan Ave, Hermosa Beach, CA 90254-4154
      View Details
    • Value Estimation
      $800,000
      3,360 SF

      644 Manhattan Ave

      APARTMENT HOUSE (5+ UNITS)
      644 Manhattan Ave, Hermosa Beach, CA 90254-4531
      View Details
    • Value Estimation
      $775,000
      4,722 SF

      401 Manhattan Ave

      APARTMENT HOUSE (5+ UNITS)
      401 Manhattan Ave, Hermosa Beach, CA 90254-4522
      View Details
    • Value Estimation
      $1,250,000
      8,080 SF

      901 Manhattan Ave

      APARTMENT HOUSE (5+ UNITS)
      901 Manhattan Ave, Hermosa Beach, CA 90254-4115
      View Details
    • Value Estimation
      $2,630,000
      16,211 SF

      1731 Pacific Coast Hwy

      APARTMENT HOUSE (5+ UNITS)
      1731 Pacific Coast Hwy, Hermosa Beach, CA 90254-3251
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Hermosa Beach Multifamily Investment Opportunity

      Three contiguous 4-unit apartment buildings in Hermosa Beach.
      726 5Th St, Hermosa Beach, CA 90254
      View Details
    • $9,655,524
      7,930 SF

      Hermosa Beach Mixed-Use Investment

      Mixed-use property near Pier Plaza with income and development potential.
      1220 Hermosa Ave, Hermosa Beach, CA 90254
      View Details
    • $3,295,000
      4,230 SF

      Hermosa Beach Six-Unit Apartment Building

      Six-unit apartment building near Hermosa Beach Pier.
      2121 Pacific Coast Hwy, Hermosa Beach, CA 90254
      View Details
    • $4,967,500

      Hermosa Beach Triplex Near Strand

      Triplex near Strand and Hermosa Avenue with modern updates.
      69 18Th St, Hermosa Beach, CA 90254
      View Details
    • New
      Contact for pricing

      Renovated Triplex with Shared Courtyard

      Turnkey triplex with comprehensive unit renovations, six parking spaces, and shared outdoor space for tenants.
      1310 Loma Dr, Hermosa Beach, CA 90254
      View Details
    • $3,675,000
      2,367 SF

      Hermosa Beach Triplex Opportunity

      Triplex near the beach with income and development potential.
      50 10Th St, Hermosa Beach, CA 90254
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      1,360 SF

      Hermosa Beach Office Space Available

      Office space available for lease in Hermosa Beach, CA.
      2615 Pacific Coast Hwy, Hermosa Beach, CA 90254
      View Details
    • Contact for pricing

      Office Space For Rent

      Office space available for rent in Hermosa Beach, CA.
      30 Hermosa Ave, Hermosa Beach, CA 90254
      View Details
    • Contact for pricing
      20,000 SF

      Hermosa Beach Retail Space

      Retail space in Hermosa Pavilion near Pacific Coast Highway.
      1601 East Pacific Coast Hwy, Hermosa Beach, CA 90254
      View Details
    • Sponsored
      Contact for pricing

      Hermosa Beach

      Discover many ways to work your way in Hermosa Beach
      2447 Pacific Coast Hwy, Hermosa Beach, CA 90254
      View Details
    • Contact for pricing

      Hermosa Beach Office Space

      Office space for rent in Hermosa Beach, California.
      2447 Pacific Coast Hwy, Hermosa Beach, CA 90254
      View Details
    • Contact for pricing

      Prime Hermosa Beach Office/Retail Space

      Office/retail space in downtown Hermosa Beach, two blocks from ocean.
      205 Pier Ave, Hermosa Beach, CA 90254
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    602 Hermosa Ave
    Hermosa Beach, CA 90254-4443
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    602 Hermosa Ave, Hermosa Beach, CA, 90254
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!