1502 Palm Drive, Hermosa Beach, CA 90254
- $2,005,000
- Sold Price
- $2,005,000
- List Price
- $1,995,000
- Closing Date
- Jul 17, 2026
- Status
- CLOSED
- MLS#
- SB26047833
- Year Built
- 1913
- Lot Size
- 2,922
- Acres
- 0.07
- Lot Location
- Yard
- Days on Market
- 61
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- One Level
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.
Additional Information
- Pool Description
- None
- Cooling Description
- None
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $71,822
- Operating Expense
- 17940
Listing courtesy of Listing Agent: Ryan Bunke (Ryan.Bunke@DomoRealEstate.com) from Listing Office: DOMO Real Estate.
Listing sold by Jessica Swarbrick from Pacifica Properties Group, Inc.
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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.