1224 Corona Street, Hermosa Beach, CA 90254

Local realty services provided by:CENTURY 21 Sierra Properties
1224 Corona Street,Hermosa Beach, CA 90254
$2,795,000
  • 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:$2,795,000
  • Price per sq. ft.:$873.44

About this home

FULLY OCCUPIED - SELLER WILL OFFER FLEXIBLE TERMS TO QUALIFIED BUYER - SELLER FINANCE AVAILABLE. The subject property represents a rare and highly desirable land assemblage totaling approximately 7,691 square feet in the heart of Hermosa Beach. Currently operating as a four-unit income-producing asset, the property offers investors immediate cash flow while presenting a compelling long-term redevelopment opportunity. The site benefits from a larger-than-average buildable envelope, which is uncommon for the immediate submarket and provides enhanced design flexibility for a future buyer. Based on preliminary analysis, there is a potential opportunity to develop two single family residences along with two accessory dwelling units (ADUs), allowing for a unique and versatile end use. (Buyer to verify all zoning, development standards, and feasibility with the City of Hermosa Beach.) Compared to recent land sales in the surrounding area, the property offers a significant discount on a...

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Home facts

  • Listing ID #:CL26844081
  • Added:9 day(s) ago
  • Updated:June 15, 2026 at 02:29 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:$2,795,000
  • Price per sq. ft.:$873.44

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 June 15, 2026 CA_BRIDGEMLS Member Broker: Jesse Gibbs