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721 1st Place, Hermosa Beach
$3,099,000
4 Beds ⋅ 4 Baths ⋅ GD26221009 MLS ⋅ Active Status
Welcome to 721 1st Place, where modern coastal elegance meets the extraordinary lifestyle of Hermosa Beach. Nestled in one of the South Bay’s most desirable beach communities, this stunning contemporary residence offers beautiful ocean views, sophisticated design, and an exceptional opportunity to experience Southern California living at its finest. Built in 2019 and offering approximately 2,839 square feet, this four-bedroom residence is part of an intimate two-unit development, delivering a wonderful combination of luxury, comfort, and privacy. Thoughtfully designed to embrace natural light and effortless entertaining, the home showcases an inviting open-concept floor plan with spacious living and dining areas that flow seamlessly together. Contemporary finishes, clean architectural lines, and an abundance of windows create a warm yet sophisticated atmosphere. The beautifully appointed kitchen serves as the heart of the home, offering generous space for gathering, cooking, and entertaining. The spacious primary suite provides a peaceful retreat, while the additional bedrooms offer flexibility for family, guests, or a home office. Throughout the residence, thoughtful design and modern finishes complement the relaxed elegance of coastal living. The true highlight is the opportunity to enjoy breathtaking ocean views and unforgettable Southern California sunsets overlooking the Pacific, surrounded by the beauty that makes Hermosa Beach so special. Just moments from the sand, The Strand, Hermosa Beach Pier, and an incredible selection of restaurants, cafés, and boutique shops, this location offers the perfect balance of neighborhood tranquility and vibrant beachside living. From morning walks along the coast to sunset dinners by the water, the very best of the South Bay is right at your doorstep. Combining contemporary architecture, ocean views, generous living space, and an unbeatable coastal location, 721 1st Place presents a rare opportunity to own an exceptional residence in the heart of Hermosa Beach. This is more than a home. It's a lifestyle.

721 1st Place, Hermosa Beach
no property photo
$3,500,000
8 Beds ⋅ 6 Baths ⋅ 26867229 MLS ⋅ Active Status
We are pleased to present the exclusive offering of 114 Hermosa Ave, a premier coastal apartment investment located just steps from the beach in the highly sought-after Hermosa Beach submarket. This exceptional asset represents a rare opportunity to acquire a 4-unit apartment community in one of Southern California's most supply-constrained and desirable rental markets. Originally constructed in 1971, the property consists of approximately 4,002 rentable square feet situated on a 2,900 square foot lot. Residents enjoy stunning ocean views from the property, further enhancing its desirability and long-term rental appeal. Ideally situated within walking distance of the Hermosa Beach Pier, The Strand, award-winning restaurants, boutique retail, and major employment centers throughout the South Bay, the property offers an unmatched coastal lifestyle. Additional amenities include private balconies for every unit, eight covered parking spaces, private storage units for each resident, a community laundry facility conveniently located within the carport, and a shared rooftop deck offering panoramic ocean and coastline views. The property is currently operating at a 3.28% capitalization rate and a 20.01 GRM, presenting investors with meaningful upside through interior unit renovations and strategic upgrades that can drive rental growth and enhance overall property performance. Based on market rents, the asset offers the potential to achieve an estimated 4.25% market capitalization rate and 16.67 GRM, providing a compelling value-add opportunity while benefiting from the long-term stability of the Hermosa Beach rental market. With exceptionally high barriers to entry, limited new multifamily development, and consistently strong tenant demand, 114 Hermosa Ave offers investors the opportunity to acquire a trophy coastal asset with durable cash flow, significant income growth potential, and long-term appreciation in one of Los Angeles County's most coveted beachfront communities. The property's premier coastal location, breathtaking ocean views, exceptional resident amenities, and value-add potential position it as a truly outstanding investment opportunity in one of Southern California's most prestigious beach communities.

114 Hermosa Avenue, Hermosa Beach

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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