$1,749,000

563 2nd Street, Hermosa Beach, CA 90254

  • 2 beds |
  • 3 baths |
  • 1,145 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1918
  • Property Lot Size Icon2,479sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $1,528/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Discover this exceptional triplex property in the heart of Hermosa Beach, California, perfectly positioned just a few blocks from The Strand and the shimmering Pacific Ocean, embodying the essence of coastal luxury living. As a prime investment opportunity, this versatile asset offers strong potential for owner-occupancy, allowing you to reside in one unit while generating income from the others. With outstanding potential for Accessory Dwelling Units (ADUs), buyers can explore adding extra rentals to significantly boost revenuethough verification of feasibility is advised. Benefiting from favorable rent regulations, the property is exempt from Los Angeles City rent control and falls under AB 1482, enabling attractive annual rent increases to maximize returns. Its eligibility for standard residential financing makes it accessible to a broad spectrum of buyers, simplifying acquisition. Currently delivering robust income with a 2.84% cap rate and 21.66 GRM, it promises even greater upside through pro-forma projections of a 3.71% cap rate. The location's exceptional market appeal shines with proximity to King Harbor, Hermosa Beach Pier, Redondo Beach Pier, and vibrant Pier Avenue, providing endless beachside dining, shopping, and recreational options. Inside, enjoy modern amenities like a fully renovated studio unit and Unit C's private deck for enhanced comfort. Practical features include a spacious 2-car garage for secure parking and on-site laundry facilities that generate an additional $200 per month in passive income. This triplex combines immediate cash flow, growth potential, and an unbeatable seaside lifestyle - don't miss out on this Hermosa Beach gem.

Listing Status:
Active
Date Added:
September 9, 2025 at 05:00AM
Listing Office:
Shield CRE, Inc. : 310-593-9869
Listing Agent:
Gianluca Jacoli : 310-593-9861
MLS ID:
25589737
  • Laundry: Laundry Room
  • Parking: GarageParking spaces: 2
  • General: 2
  • Originating MLS: CRMLS_CL
  • County: Los Angeles
  • Zoning: HBR1YY4188025003
  • Source: CRMLS_CL

This listing courtesy of Gianluca Jacoli, Shield CRE, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Hermosa Valley School

1645 Valley Dr, Hermosa Beach, CA, 90254

Grades 5-8

0.72 miles away

H

Hermosa Valley School

1645 Valley Dr, Hermosa Beach, CA, 90254

Grades 5-8

0.72 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.