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1224 Corona Street, Hermosa Beach, CA 90254

Hermosa Beach
Local realty services provided by:CENTURY 21 Sierra Properties
1224 Corona Street,Hermosa Beach, CA 90254
$2,450,000
  • 4 Beds
  • - Baths
  • 3,200 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan weir
Office: marcus & millichap
MLS#:CL26844081
Source:Bay East, CCAR, bridgeMLS

Price summary

  • Price:$2,450,000
  • Price per sq. ft.:$765.63

About this home

PRICE REDUCED BY $345,000! Current Income Justifies the Purchase Price - Future Development Potential Comes at a Significant Discount. This is an exceptional opportunity to acquire one of the most compelling value-add and development opportunities in Hermosa Beach. The property is now offered at an attractive $765 per square foot for the existing four income-producing units and just $318 per square foot of land, representing a land basis well below current market levels. Unlike many development opportunities where buyers pay a premium for future potential, this offering makes financial sense as a stand-alone income property while providing substantial upside through future redevelopment. Investors can acquire a stabilized four-unit asset at pricing supported by today's cash flow, while effectively securing a premier Hermosa Beach development site at a significant discount to replacement and land value. According to the City, the property may accommodate the future construction of two...

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Home facts

  • Listing ID #:CL26844081
  • Added:54 day(s) ago
  • Updated:July 30, 2026 at 02:46 PM

Rooms and interior

  • Bedrooms:4
  • Living area:3,200 sq. ft.

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Building area:3,200 sq. ft.
  • Lot area:0.18 Acres

Finances and disclosures

  • Price:$2,450,000
  • Price per sq. ft.:$765.63

Parking

  • Parking description:Uncovered Parking Space
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at July 30, 2026 CA_BRIDGEMLS Member Broker: Jesse Gibbs

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