16
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$3,675,000
Est. payment /mo
3 Beds
5 Baths
2,367 SqFt
Active
50 10th Street Hermosa Beach, CA 90254
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Key Details
Property Type Single Family Home
Sub Type All Other Attached
Listing Status Active
Purchase Type For Sale
Square Footage 2,367 sqft
Price per Sqft $1,552
MLS Listing ID SB26030402
Bedrooms 3
Full Baths 5
Year Built 1922
Lot Size 2,849 Sqft
Property Sub-Type All Other Attached
Property Description
Located in the heart of Hermosa Beach, just steps from the sand and moments from Pier Avenue, this well-situated triplex offers a rare opportunity to own a full-lot income property in one of the most walkable coastal pockets in the South Bay. The property consists of two 2-bedroom / 1-bath units and one 1-bedroom / 1-bath unit, all positioned on an oversized lot in a premier beach-close location. With immediate access to the beach, Pier Avenue dining, shops, cafs, and the Hermosa Beach pier, this is a true lifestyle location that consistently drives strong tenant demand. On a pro forma basis, the property offers an estimated 3.50% cap rate and 18.6 GRM, reflecting both income upside and long-term land value. The property presents multiple paths forward - hold as-is, update units to capture upside in rents, or explore future development potential. A compelling opportunity for investors or end users seeking long-term value in a blue-chip Hermosa Beach location where proximity, walkability, and land scarcity remain irreplaceable.
Location
State CA
County Los Angeles
Direction Hermosa Ave to 10th St
Interior
Fireplace No
Exterior
Garage Spaces 1.0
View Y/N Yes
Water Access Desc Public
View Ocean
Total Parking Spaces 3
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Senior Community No
Tax ID 4187003013
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Shawn Dugan, DRE#01749343 Strand Hill Properties
NEARBY SCHOOL & BUSINESS
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