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1226 Corona Street, Hermosa Beach, CA 90254

Hermosa Beach
Local realty services provided by:CENTURY 21 Epic
1226 Corona Street,Hermosa Beach, CA 90254
$2,175,000
  • 6 Beds
  • 5 Baths
  • 3,200 sq. ft.
  • Single family
  • Pending
Office: marcus & millichap424-405-3900
MLS#:26844077
Source:CRMLS

Price summary

  • Price:$2,175,000
  • Price per sq. ft.:$679.69

About this home

PRICE REDUCED BY $620,000! 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 $679 per square foot for the existing four income-producing units and just $282 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 #:26844077
  • Added:142 day(s) ago
  • Updated:October 29, 2026 at 08:48 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:5
  • Full bathrooms:5
  • Kitchen Description:Disposal, Refrigerator
  • Living area:3,200 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Building area:3,200 sq. ft.
  • Lot area:0.18 Acres
  • Levels:1 Story

Finances and disclosures

  • Price:$2,175,000
  • Price per sq. ft.:$679.69

Features and amenities

  • Appliances:Disposal

Parking

  • Parking description:Uncovered
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Epic is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Epic, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Mike Southwick

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