563 2nd Street, Hermosa Beach, CA 90254
Local realty services provided by:CENTURY 21 Epic
563 2nd Street,Hermosa Beach, CA 90254
$1,700,000
- 2 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: gianluca jacoli
Office: shield cre, inc.310-593-9869
MLS#:26647449
Source:CRMLS
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Price summary
- Price:$1,700,000
About this home
TRIPLEX PROPERTY COMPRISED OF (1) 1-BEDROOM/1-BATHROOM UNIT, (1) STUDIO/1-BATHROOM UNITS & (1) 1-BEDROOM/1-BATHROOM PLUS DECK. Discover this exceptional triplex in the heart of Hermosa Beach, California, perfectly positioned just a few blocks from The Strand and the shimmering Pacific Ocean, embodying the essence of coastal luxury living. As a prime investment opportunity, this versatile asset offers strong potential for owner-occupancy, allowing you to reside in one unit while generating income from the others. With outstanding potential for Accessory Dwelling Units (ADUs), buyers can explore adding extra rentals to significantly boost revenue though verification of feasibility is advised. Benefiting from favorable rent regulations, the property is exempt from Los Angeles City rent control and falls under AB 1482, enabling attractive annual rent increases to maximize returns. Its eligibility for standard residential financing makes it accessible to a broad spectrum of buyers, simplifying acquisition. Currently delivering robust income with a 2.84% cap rate and 21.66 GRM, it promises even greater upside through pro-forma projections of a 3.71% cap rate. The location's exceptional market appeal shines with proximity to King Harbor, Hermosa Beach Pier, Redondo Beach Pier, and vibrant Pier Avenue, providing endless beachside dining, shopping, and recreational options. Inside, enjoy modern amenities like a fully renovated studio unit and Unit C's private deck for enhanced comfort. Practical features include a spacious 2-car garage for secure parking and on-site laundry facilities that generate an additional $200 per month in passive income. This triplex combines immediate cash flow, growth potential, and an unbeatable seaside lifestyle - don't miss out on this Hermosa Beach gem....
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Home facts
- Year built:1918
- Listing ID #:26647449
- Added:78 day(s) ago
- Updated:April 24, 2026 at 06:34 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:3
Structure and exterior
- Year built:1918
- Levels:2 Story
Finances and disclosures
- Price:$1,700,000
Features and amenities
- Appliances:Dryer, Washer
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:2
- Parking description:Garage
- Garage:Yes
- Garage spaces:2
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