114 Hermosa Avenue, Hermosa Beach, CA 90254
Local realty services provided by:CENTURY 21 Wildwood Properties, Inc.
114 Hermosa Avenue,Hermosa Beach, CA 90254
$3,500,000
- 8 Beds
- - Baths
- 4,002 sq. ft.
- Multi-family
- Active
Listed by: maxwell forester, john katnik
Office: brc advisors- bh
MLS#:CL26867229
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$3,500,000
- Price per sq. ft.:$874.56
About this home
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....
Contact an agent
Home facts
- Year built:1971
- Listing ID #:CL26867229
- Added:3 day(s) ago
- Updated:August 08, 2026 at 02:39 PM
Rooms and interior
- Bedrooms:8
- Living area:4,002 sq. ft.
Heating and cooling
- Heating:Forced Air, Wall Furnace
Structure and exterior
- Year built:1971
- Building area:4,002 sq. ft.
- Lot area:0.07 Acres
Finances and disclosures
- Price:$3,500,000
- Price per sq. ft.:$874.56
Features and amenities
- Laundry features:Common Area
Parking
- Parking description:Assigned, Covered
New listings near 114 Hermosa Avenue
- Open Sun, 1 to 4pmNew
$2,599,000Active3 beds 3 baths1,920 sq. ft.802 Bard, Hermosa Beach, CA 90254
MLS# SB26171899Listed by: COMPASS - New
$3,995,000Active4 beds 4 baths3,028 sq. ft.947 7th Street, Hermosa Beach, CA 90254
MLS# SB26172017Listed by: EXP REALTY OF CALIFORNIA INC - Open Sun, 1 to 4pmNew
$1,995,000Active2 beds 2 baths1,680 sq. ft.1126 2nd, Hermosa Beach, CA 90254
MLS# PV26168379Listed by: COLDWELL BANKER REALTY - New
$2,399,999Active3 beds 3 baths1,453 sq. ft.1430 Bonnie Brae, Hermosa Beach, CA 90254
MLS# SB26170075Listed by: BAYSIDE - Open Sat, 1 to 4pmNew
$2,500,000Active4 beds 4 baths2,796 sq. ft.703 11th Street, Hermosa Beach, CA 90254
MLS# SB26167676Listed by: WORLDWIDE REALTY - Open Sun, 1 to 4pmNew
$1,635,000Active2 beds 1 baths930 sq. ft.1415 Corona, Hermosa Beach, CA 90254
MLS# SB26167463Listed by: COLDWELL BANKER REALTY - Open Sat, 11am to 3pmNew
$620,000Active3 beds 3 baths1,305 sq. ft.640 N Ardmore Avenue, Los Angeles, CA 90004
MLS# SB26167951Listed by: TAKESHI KIDA - New
$715,000Active1 beds 1 baths607 sq. ft.1600 Ardmore #234, Hermosa Beach, CA 90254
MLS# SB26164782Listed by: EXP REALTY OF CALIFORNIA INC - Open Sat, 12 to 2pm
$1,549,000Pending2 beds 3 baths1,352 sq. ft.721 3rd Street, Hermosa Beach, CA 90254
MLS# SB26160423Listed by: STRAND HILL PROPERTIES - Open Sun, 2 to 4pm
$1,549,000Pending2 beds 3 baths1,352 sq. ft.721 3rd Street, Hermosa Beach, CA 90254
MLS# SB26160423Listed by: STRAND HILL PROPERTIES