Hermosa Beach Homes with Multi Level Stories

Hermosa Beach Homes with Multi Level Stories

Welcome to Hermosa Beach, California, a vibrant coastal gem nestled in the heart of Los Angeles County. With its stunning sandy shores, charming downtown, and a laid-back, friendly atmosphere, Hermosa Beach is the perfect destination for those seeking a coastal lifestyle infused with a sense of community. Known for its picturesque beach, lively pier, and an array of outdoor activities, this city offers the ideal backdrop for beach lovers, surfers, and families alike.

Hermosa Beach is not just about the sun and surf; it also boasts a rich cultural scene, with an array of local shops, restaurants, and art galleries that reflect the unique character of this seaside town. The annual events, from beach volleyball tournaments to summer concerts, foster a sense of camaraderie among residents and visitors, making it a lively place to call home.

For those considering a move to Hermosa Beach, you’ll find a variety of stunning homes, including multi-level story properties that offer both style and functionality. These homes are designed to maximize space and provide breathtaking views of the ocean and surrounding landscape. With spacious layouts, modern amenities, and outdoor living areas perfect for entertaining, multi-level homes in Hermosa Beach cater to diverse lifestyles.

Imagine waking up to the sound of waves crashing and enjoying sunsets from your own balcony. Whether you’re looking for a family home or a beachside retreat, Hermosa Beach offers a unique blend of coastal living and community spirit that is truly irresistible. Discover your dream home in this beautiful city and embrace the best of Southern California living!

Newest Hermosa Beach Homes with Multi Level Stories

$3,500,000
8 Beds 6 Baths 26867229 MLS Active Under Contract Status
We are pleased to present the exclusive offering of 114 Hermosa Ave, a premier coastal apartment investment located just steps from the beach in the highly sought-after Hermosa Beach submarket. This exceptional asset represents a rare opportunity to acquire a 4-unit apartment community in one of Southern California's most supply-constrained and desirable rental markets. Originally constructed in 1971, the property consists of approximately 4,002 rentable square feet situated on a 2,900 square foot lot. Residents enjoy stunning ocean views from the property, further enhancing its desirability and long-term rental appeal. Ideally situated within walking distance of the Hermosa Beach Pier, The Strand, award-winning restaurants, boutique retail, and major employment centers throughout the South Bay, the property offers an unmatched coastal lifestyle. Additional amenities include private balconies for every unit, eight covered parking spaces, private storage units for each resident, a community laundry facility conveniently located within the carport, and a shared rooftop deck offering panoramic ocean and coastline views. The property is currently operating at a 3.28% capitalization rate and a 20.01 GRM, presenting investors with meaningful upside through interior unit renovations and strategic upgrades that can drive rental growth and enhance overall property performance. Based on market rents, the asset offers the potential to achieve an estimated 4.25% market capitalization rate and 16.67 GRM, providing a compelling value-add opportunity while benefiting from the long-term stability of the Hermosa Beach rental market. With exceptionally high barriers to entry, limited new multifamily development, and consistently strong tenant demand, 114 Hermosa Ave offers investors the opportunity to acquire a trophy coastal asset with durable cash flow, significant income growth potential, and long-term appreciation in one of Los Angeles County's most coveted beachfront communities. The property's premier coastal location, breathtaking ocean views, exceptional resident amenities, and value-add potential position it as a truly outstanding investment opportunity in one of Southern California's most prestigious beach communities.

114 Hermosa Avenue, Hermosa Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.