15
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$1,749,000
Est. payment /mo
2 Beds
1,145 SqFt
Active
563 2nd Street Hermosa Beach, CA 90254
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Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 1,145 sqft
Price per Sqft $1,527
MLS Listing ID CL25589737
Bedrooms 2
HOA Y/N No
Year Built 1918
Lot Size 2,477 Sqft
Acres 0.06
Property Sub-Type OTHER
Property Description
Discover this exceptional triplex property in the heart of Hermosa Beach, California, perfectly positioned just a few blocks from The Strand and the shimmering Pacific Ocean, embodying the essence of coastal luxury living. As a prime investment opportunity, this versatile asset offers strong potential for owner-occupancy, allowing you to reside in one unit while generating income from the others. With outstanding potential for Accessory Dwelling Units (ADUs), buyers can explore adding extra rentals to significantly boost revenuethough verification of feasibility is advised. Benefiting from favorable rent regulations, the property is exempt from Los Angeles City rent control and falls under AB 1482, enabling attractive annual rent increases to maximize returns. Its eligibility for standard residential financing makes it accessible to a broad spectrum of buyers, simplifying acquisition. Currently delivering robust income with a 2.84% cap rate and 21.66 GRM, it promises even greater upside through pro-forma projections of a 3.71% cap rate. The location's exceptional market appeal shines with proximity to King Harbor, Hermosa Beach Pier, Redondo Beach Pier, and vibrant Pier Avenue, providing endless beachside dining, shopping, and recreational options. Inside, enjoy modern amenities
Location
State CA
County Los Angeles
Zoning HBR1
Interior
Fireplace No
Laundry Laundry Room
Exterior
Total Parking Spaces 2
Building
New Construction No
Others
Tax ID 4188025003
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Gianluca Jacoli • Shield CRE, Inc.
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289
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