$8,995,000
-$1,000,0001702 Hermosa Avenue, Hermosa Beach CA 90254
Multi-Family (10 Units)
Property type
150 days
On market
$1,630
Price per sqft
9 cars
Garage
1953
Year built
4,931 sqft
Lot size
Open Houses
Overview
***Price Reduced $1,000,000***1702 Hermosa Avenue is an exceptional ocean view 10-unit property located in highly sought-after Hermosa Beach. It is rare to encounter an opportunity to acquire a “to the studs” fully remodeled property spanning ±5,520 rentable square feet that includes fourteen bedrooms and ten bathrooms with ocean Views, under $10M on this prime...
Listing provided by: Jonathan Mitchell DRE #01227852, Kidder Mathews of California, Inc
Listing updated: Apr 27, 2026 at 08:30pm.
Last checked: Jun 5, 2026 at 05:01pm
Source: CRMLS #OC26003055
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 4 | 2 | 1 | — | $3,151 | $12,604 | $3,545 | Unfurnished |
| 6 | 1 | 1 | — | $3,338 | $20,028 | $3,362 | Unfurnished |
# of Buildings: 1
# of Units Total: 10
Separate Electric Meters: 10
Separate Gas Meters: 10
Separate Water Meters: 0
Rent Control: Yes
Units Leased: 10
Total Actual Rent: $32,572
Tenant Pays: Cable Tv, Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
268.0x
List Price / Annual Gross Rent
Cap Rate
2.71%
NOI / List Price
Gross Scheduled Income: $33,560
Vacancy Allowance: $7,831
Vacancy Allowance Rate: 2%
Operating Expense: $141,214
Net Operating Income: $234,452
Annual Operating Expenses
Electric: $3,354
Gardener: $2,717
Insurance: $6,568
Maintenance: $9,925
New Taxes: $89,989
Professional Management: $115,456
Trash: $4,859
Water / Sewer: $4,641
Other Expense: $9,521
Interior
Laundry: Common Area
Entry Location: Street & Alley
Exterior
Property Attached: Yes
Stories Total: 3
Levels: Three Or More
Common Walls: Two Common Walls Or More
Lot Features: Six To Ten Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Assigned
Garage Spaces: 9
Uncovered Spaces: 0
Parking Total: 9
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 4183010011
Additional Parcels: No
Tax Lot: 6
Tax Block: 32
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Biking, Curbs, Dog Park, Fishing, Golf, Storm Drains, Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 1702 Hermosa Avenue, Hermosa Beach, CA 90254. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$7,196,000
Total Interest
$9,178,101
Total Payment
$16,374,101
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$55,003
per month
Property History for 1702 Hermosa Avenue
Hermosa Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90254.
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