$8,995,000
-$1,000,0001702 Hermosa Avenue, Hermosa Beach CA 90254
Multi-Family (10 Units)
Property type
161 days
On market
$1,630
Price per sqft
9 cars
Garage
1953
Year built
4,931 sqft
Lot size
Open Houses
Overview
***Price Reduced $1,000,000***1702 Hermosa Avenue is an exceptional ocean view 10-unit property located in highly sought-after Hermosa Beach. It is rare to encounter an opportunity to acquire a “to the studs” fully remodeled property spanning ±5,520 rentable square feet that includes fourteen bedrooms and ten bathrooms with ocean Views, under $10M on this prime...
Listing provided by: Jonathan Mitchell DRE #01227852, Kidder Mathews of California, Inc
Listing updated: Apr 27, 2026 at 08:30pm.
Last checked: Jun 14, 2026 at 03:01am
Source: CRMLS #OC26003055
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 4 | 2 | 1 | — | $3,151 | $12,604 | $3,545 | Unfurnished |
| 6 | 1 | 1 | — | $3,338 | $20,028 | $3,362 | Unfurnished |
# of Buildings: 1
# of Units Total: 10
Separate Electric Meters: 10
Separate Gas Meters: 10
Separate Water Meters: 0
Rent Control: Yes
Units Leased: 10
Total Actual Rent: $32,572
Tenant Pays: Cable Tv, Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
268.0x
List Price / Annual Gross Rent
Cap Rate
2.71%
NOI / List Price
Gross Scheduled Income: $33,560
Vacancy Allowance: $7,831
Vacancy Allowance Rate: 2%
Operating Expense: $141,214
Net Operating Income: $234,452
Annual Operating Expenses
Electric: $3,354
Gardener: $2,717
Insurance: $6,568
Maintenance: $9,925
New Taxes: $89,989
Professional Management: $115,456
Trash: $4,859
Water / Sewer: $4,641
Other Expense: $9,521
Interior
Laundry: Common Area
Entry Location: Street & Alley
Exterior
Property Attached: Yes
Stories Total: 3
Levels: Three Or More
Common Walls: Two Common Walls Or More
Lot Features: Six To Ten Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Assigned
Garage Spaces: 9
Uncovered Spaces: 0
Parking Total: 9
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 4183010011
Additional Parcels: No
Tax Lot: 6
Tax Block: 32
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Biking, Curbs, Dog Park, Fishing, Golf, Storm Drains, Street Lights, Sidewalks