$1,500,000
1049 3rd Street, Hermosa Beach CA 90254
Multi-Family (Duplex)
Property type
18 days
On market
$1,342
Price per sqft
2 cars
Garage
1954
Year built
2,270 sqft
Lot size
Home highlights
Open Houses
Overview
Located in the highly sought-after coastal community of Hermosa Beach, this charming duplex at 1049 & 1051 3rd Street offers an exceptional opportunity to enjoy the best of South Bay living. Featuring two 1-bedroom, 1-bathroom units, each residence includes an assigned parking space in the shared two-car garage, along with use of the washer and dryer located in the garage area...
Listing provided by: Cheryl Watson DRE #00607927 310-488-6114, Estate Properties
Listing updated: May 31, 2026 at 06:16pm.
Last checked: Jun 14, 2026 at 04:30pm
Source: CRMLS #PV26110983
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | 1 | $1,925 | $1,925 | $2,100 | Unfurnished |
| 1 | 1 | 1 | 1 | $0 | $0 | $2,100 | Unfurnished |
# of Buildings: 1
# of Units Total: 2
Separate Electric Meters: 2
Separate Gas Meters: 2
Separate Water Meters: 1
Carpet: 2
Disposal: 2
Ranges: 2
Refrigerator: 2
Rent Control: No
Units Leased: 1
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
37.0x
List Price / Annual Gross Rent
Cap Rate
2.35%
NOI / List Price
Gross Scheduled Income: $40,577
Operating Expense: $0
Net Operating Income: $35,251
Annual Operating Expenses
Insurance: $0
Trash: $0
Water / Sewer: $0
Interior
Interior Features: Tile Counters
Room Type: Kitchen, Living Room
Flooring: Carpet, Laminate
Cooling: None
Heating: Wall Furnace
Appliances: Free Standing Range, Disposal, Refrigerator, Dryer, Washer
Fireplace: None
Laundry: In Garage, Dryer Included, Washer Included
Entry Location: Ground, Stairs
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: One Common Wall
Security Features: Smoke Detectors
Lot Features: Back Yard
Pool: None
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Garage and Parking
Parking: Door Multi, Driveway, Garage
Garage Spaces: 2
Parking Total: 2
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 4186021016
Additional Parcels: No
Tax Lot: 65
Zoning: HBR1YY
Tax Block: 86
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Suburban