Hermosa Bch East (150) Homes with None View

Hermosa Bch East (150) Homes with None View

Welcome to Hermosa Beach East, a hidden gem nestled in the heart of sunny California's Los Angeles County. This charming neighborhood offers a delightful blend of coastal living and vibrant community spirit, making it an ideal place to call home. With its pristine sandy beaches just a stone's throw away, residents can enjoy the refreshing ocean breeze and the soothing sound of waves crashing against the shore.

Hermosa Beach East is renowned for its laid-back atmosphere, where sun-soaked days and picturesque sunsets create a serene backdrop for daily life. The area is characterized by a mix of classic beach bungalows and modern homes, providing a variety of architectural styles to suit every taste. While many properties boast stunning ocean views, there are also lovely homes without direct views, allowing for a more affordable entry into this coveted neighborhood.

In addition to its scenic beauty, Hermosa Beach East is a hub of activity. Residents can explore the vibrant local dining scene, featuring a plethora of restaurants and cafes that cater to every palate. The nearby Hermosa Beach Pier is a perfect spot for leisurely strolls, while the bustling Farmers Market offers fresh produce and artisanal goods every Friday.

Outdoor enthusiasts will appreciate the area’s numerous parks and recreational facilities, perfect for everything from beach volleyball to biking along the scenic coastal path. With a strong sense of community and a welcoming atmosphere, Hermosa Beach East is not just a place to live; it's a lifestyle waiting to be embraced. Discover the charm of this coastal paradise and find your dream home today!

Newest Hermosa Bch East (150) Homes with None View

$2,450,000
6 Beds 5 Baths 26844077 MLS Active Status
PRICE REDUCED BY $345,000! Current Income Justifies the Purchase Price - Future Development Potential Comes at a Significant Discount. This is an exceptional opportunity to acquire one of the most compelling value-add and development opportunities in Hermosa Beach. The property is now offered at an attractive $765 per square foot for the existing four income-producing units and just $318 per square foot of land, representing a land basis well below current market levels. Unlike many development opportunities where buyers pay a premium for future potential, this offering makes financial sense as a stand-alone income property while providing substantial upside through future redevelopment. Investors can acquire a stabilized four-unit asset at pricing supported by today's cash flow, while effectively securing a premier Hermosa Beach development site at a significant discount to replacement and land value. According to the City, the property may accommodate the future construction of two new single-family residences with an ADU behind each home (buyer to independently verify all development potential with the City of Hermosa Beach). This creates a rare opportunity to generate rental income while preserving the flexibility to develop immediately or capitalize on future appreciation. Whether an investor is seeking stable in-place income, a long-term land hold, or an immediate development project, the property offers multiple strategies to maximize returns. Adding to its appeal, the seller may consider seller financing, creating additional flexibility for qualified buyers. Opportunities to acquire premium Hermosa Beach land with existing income, below-market land pricing, and meaningful development upside are increasingly rare. This is a unique chance to purchase an asset that works both as a cash- flow investment today and as a deeply discounted future development opportunity.

1226 Corona Street, Hermosa Beach

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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.