Hermosa Beach Homes with Multi Level Stories

Welcome to Hermosa Beach, a picturesque gem nestled along the stunning coastline of California’s Los Angeles County. Renowned for its vibrant beach culture, Hermosa Beach offers a perfect blend of laid-back coastal living and a lively community atmosphere. With sun-kissed sandy shores, a bustling pier, and an array of shops and restaurants, this charming city is a haven for beach lovers and outdoor enthusiasts alike.

One of the most alluring features of Hermosa Beach is its diverse architectural landscape, particularly its multi-level homes that provide breathtaking ocean views and ample living space. These multi-story residences are designed to maximize the coastal experience, often featuring spacious balconies, large windows, and open floor plans that invite natural light and ocean breezes. Whether you’re enjoying a morning coffee while gazing at the surf or hosting sunset gatherings with friends, these homes offer a unique lifestyle that harmonizes with the beauty of the beach.

Living in Hermosa Beach means embracing an active lifestyle, with opportunities for surfing, volleyball, and beach biking right at your doorstep. The lively Hermosa Beach Strand is perfect for evening strolls, while the vibrant local community hosts numerous events throughout the year, fostering a sense of belonging among residents.

If you’re searching for a home that combines coastal charm with modern living, Hermosa Beach’s multi-level homes provide an exceptional opportunity to experience the best of Southern California. Discover your dream home in this idyllic seaside city and immerse yourself in the unparalleled lifestyle that Hermosa Beach has to offer!

Newest Hermosa Beach Homes with Multi Level Stories

$3,500,000

8 Beds ⋅ 6 Baths ⋅ 26867229 MLS ⋅ Active 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

Start Your Search

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.