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Listed by Ryan Bunke • DOMO Real Estate
$1,995,000
Est. payment /mo
2,088 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 2,088 sqft
Price per Sqft $955
MLS Listing ID SB-26047833
Year Built 1913
Lot Size 2,922 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
1 UNIT DELIVERED VACANT! 1502 Palm Drive presents a rare 4-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 four units totaling approximately 2,088 square feet on a full 30' x 100' lot. The unit mix includes two 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.
The property consists of four units totaling approximately 2,088 square feet on a full 30' x 100' lot. The unit mix includes two 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.
Location
State CA
County Los Angeles
Area 148 - Hermosa Beach Sand
Interior
Laundry Inside
Exterior
Parking Features Assigned
Garage Spaces 2.0
Pool None
Community Features Biking, Curbs, Sidewalks, Street Lights, Watersports
Building
Lot Description Yard
Sewer Public Sewer
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Nearby Locations
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900