$2,795,000
1224 Corona Street, Hermosa Beach CA 90254
Multi-Family (4 Units)
Property type
10 days
On market
$873
Price per sqft
N/A
Garage
N/A
Year built
7,691 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Jonathan Weir DRE #02038545 424-405-3855, Marcus & Millichap
Listing updated: Jun 12, 2026 at 10:05pm.
Last checked: Jun 12, 2026 at 10:30pm
Source: CRMLS #26844081
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 3 | 2 | — | $3,438 | $3,438 | $4,500 | Unfurnished |
| 2 | 1 | 1 | — | $2,543 | $2,543 | $3,250 | Unfurnished |
| 1 | 0 | 1 | — | $2,287 | $2,287 | $2,500 | Unfurnished |
# of Buildings: 4
# of Units Total: 4
Disposal: 4
Refrigerator: 4
Financial Snapshot
Gross Rent Multiplier
21.5x
List Price / Annual Gross Rent
Cap Rate
2.9%
NOI / List Price
Net Operating Income: $81,193
Interior
Cooling: None
Heating: Wall Furnace
Appliances: Disposal, Refrigerator
Exterior
Stories Total: 1
Levels: One
Garage and Parking
Parking: Uncovered
Parking Total: 0
Lot Information
Land Lease: No
Parcel #: 4185016018
Zoning: HBC3YY
Community
HOA: No
Senior Community: No