1502 Palm Drive, Hermosa Beach, CA 90254
List Price: $2.15M
Listing Status: Active
Original List Price: $2.25M
0Days on Market: 39
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1913
Lot Size: 2,922 sq ft
Garage Spaces: 2
Private Pool: Yes
MLS Number: SB26047833
About This Property
1 UNIT DELIVERED VACANT! 1502 Palm Drive presents a rare 5-unit value-add multifamily opportunity in an A+ Hermosa Beach location just one block from the Strand and Noble Park. Tucked right around the corner from downtown Hermosa, the property enjoys a 97 “Walker’s Paradise” Walk Score with easy access to some of the area’s most popular local spots including the The Comedy & Magic Club, Ryla, and Baja Sharkeez. The property consists of five units totaling approximately 2,088 square feet on a full 30’ x 100’ lot. The unit mix includes three studio apartments and a detached cottage with a private yard and two 1-bed/1-bath units. Significant upside in rents for an investor looking to renovate and reposition over time. Opportunities to acquire a multifamily asset with this level of walkability and proximity to the beach rarely come to market, making 1502 Palm Drive an ideal option for investors seeking a prime coastal location with clear value-add potential.
Listing provided by: Ryan Bunke DRE #02083042 310-818-7403 Ryan.Bunke@DomoRealEstate.com, DOMO Real Estate
Source: CRMLS, MLS #: SB26047833
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.