50 10th Street, Hermosa Beach, CA 90254
List Price: $3.67M
Listing Status: Active
0Days on Market: 77
3 Bedrooms · 5 Bathrooms · 2,367 sq ft
Property Type: Residential
Year Built: 1922
Lot Size: 2,849 sq ft
Garage Spaces: 1
Private Pool: Yes
MLS Number: SB26030402
About This Property
Located in the heart of Hermosa Beach, just steps from the sand and moments from Pier Avenue, this well-situated triplex offers a rare opportunity to own a full-lot income property in one of the most walkable coastal pockets in the South Bay. The property consists of two 2-bedroom / 1-bath units and one 1-bedroom / 1-bath unit, all positioned on an oversized lot in a premier beach-close location. With immediate access to the beach, Pier Avenue dining, shops, cafés, and the Hermosa Beach pier, this is a true lifestyle location that consistently drives strong tenant demand. On a pro forma basis, the property offers an estimated 3.50% cap rate and 18.6 GRM, reflecting both income upside and long-term land value. The property presents multiple paths forward - hold as-is, update units to capture upside in rents, or explore future development potential. A compelling opportunity for investors or end users seeking long-term value in a blue-chip Hermosa Beach location where proximity, walkability, and land scarcity remain irreplaceable.
Listing provided by: Shawn Dugan DRE #01749343 310-545-0707 manonthestrand@gmail.com, Strand Hill Properties
Source: CRMLS, MLS #: SB26030402
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.