Hermosa Beach Homes under $4 million

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Newest Hermosa Beach Homes under $4 million

$2,999,000

9 Beds ⋅ 6 Baths ⋅ ACTIVE UNDER CONTRACT Status

Ideally positioned just two blocks from the sand in North Hermosa Beach, 2901 Manhattan Avenue presents a compelling value-add opportunity in one of the South Bay's most desirable coastal communities. The five-unit multifamily property offers investors the opportunity to acquire a well-located asset with below-market rents, attractive unit diversity, and meaningful potential to enhance income and long-term value. The quality unit mix includes a desirable three-bedroom, two-bathroom residence that will be delivered vacant at close of escrow, providing immediate flexibility for an owner-user, strategic repositioning, or a market-rate lease-up. Combined with the property's existing rental units, this mix offers appeal to a broad range of tenants seeking coastal living, from those looking for additional space to residents drawn to the convenience of a beachside location. The Property's ideal location offers a quintessential Southern California lifestyle, with sandy beaches, a vibrant downtown, acclaimed dining, local cafes, and the Strand's renowned walking, running, and cycling paths. Just minutes away, downtown Manhattan Beach adds another dimension to coastal living, with its fine dining, boutique shopping, charming village atmosphere, and iconic pier. Together, these neighboring beach communities offer an exceptional blend of coastal recreation, nearby amenities, and enduring lifestyle appeal. A rare opportunity to acquire a five-unit coastal investment with a desirable unit mix, below-market rents, a vacant three-bedroom residence, and significant value-add potential just moments from the beach.

2901 Manhattan Ave, Hermosa Beach

Courtesy of Douglas Elliman, Raphael Barragan - CA DRE#01898434

$1,999,000

3 Beds ⋅ 3 Baths ⋅ ACTIVE Status ⋅ 702, 706, 710 11th street HOA BLDG.

Enjoy ocean views from your private rooftop deck at this beautifully remodeled Hermosa Beach townhome, where elevated designer finishes and thoughtful upgrades meet effortless coastal living. Featuring a stunning chef's kitchen, renovated bathrooms, white oak engineered hardwood flooring, and parking for three vehicles, this inviting residence offers an exceptional combination of style, comfort, and location. The thoughtfully updated interior showcases white oak engineered hardwood floors, contemporary finishes, and an inviting layout designed for everyday living and entertaining. At the heart of the home, the remodeled kitchen features Omega cabinetry, elegant Calacatta Gold porcelain countertops, a premium refrigerator, and a striking Fulgor Milano Sofia induction range with integrated griddle. A built-in wine refrigerator, pot filler, and designer island lighting complete the beautifully appointed space. The spacious primary suite offers a relaxing retreat with generous closet space and a beautifully renovated bathroom featuring a freestanding soaking tub, double vanity, contemporary tile work, and glass-enclosed shower. The additional guest bathroom has also been thoughtfully remodeled with stylish finishes, while an updated powder room on the top floor adds convenience and character. Comfort and functionality are enhanced by an efficient hybrid heating and cooling system with individual mini-split units in the bedrooms, providing flexible climate control throughout the home. Upgraded Cat6 wiring supports high-speed wired internet connectivity throughout the residence, ideal for modern living and working from home. Additional highlights include updated lighting, generous storage, and a direct-access two-car garage with an additional exterior parking space. Above it all, the private rooftop deck captures beautiful ocean views and offers an inviting setting for sunset gatherings, outdoor dining, or simply enjoying the coastal breeze. Ideally situated in the heart of Hermosa Beach, the home offers convenient access to the beach, neighborhood restaurants, shopping, and the vibrant South Bay lifestyle.

706 11th St, Hermosa Beach

Courtesy of Berkshire Hathaway HomeServices California Propert, Meredith Schlosser - CA DRE#01910316

$2,850,000

4 Beds ⋅ 2 Baths ⋅ ACTIVE UNDER CONTRACT Status

Welcome to 231 Longfellow Avenue, a charming duplex in Hermosa Beach, CA, less than 2 blocks from the beach! Each unit features 2 bedrooms and 1 bathroom, a modern kitchen, inviting living areas and comfortable living on a street-to-alley full lot. Convenience is key with in-unit washer/dryer and garage parking. Both units offer ocean and sunset views and convenience to restaurants, markets and the beach. Whether you're enjoying the beach or relaxing at home, this duplex offers the ideal blend of coastal living and comfort. Don't miss out on this fantastic beachside opportunity!

231 Longfellow Ave, Hermosa Beach

Courtesy of Compass, Briana Haydis - CA DRE#02003308

$3,500,000

8 Beds ⋅ 6 Baths ⋅ ACTIVE Status

We are pleased to present the exclusive offering of 114 Hermosa Ave, a premier coastal apartment investment located just steps from the beach in the highly sought-after Hermosa Beach submarket. This exceptional asset represents a rare opportunity to acquire a 4-unit apartment community in one of Southern California's most supply-constrained and desirable rental markets. Originally constructed in 1971, the property consists of approximately 4,002 rentable square feet situated on a 2,900 square foot lot. Residents enjoy stunning ocean views from the property, further enhancing its desirability and long-term rental appeal. Ideally situated within walking distance of the Hermosa Beach Pier, The Strand, award-winning restaurants, boutique retail, and major employment centers throughout the South Bay, the property offers an unmatched coastal lifestyle. Additional amenities include private balconies for every unit, eight covered parking spaces, private storage units for each resident, a community laundry facility conveniently located within the carport, and a shared rooftop deck offering panoramic ocean and coastline views. The property is currently operating at a 3.28% capitalization rate and a 20.01 GRM, presenting investors with meaningful upside through interior unit renovations and strategic upgrades that can drive rental growth and enhance overall property performance. Based on market rents, the asset offers the potential to achieve an estimated 4.25% market capitalization rate and 16.67 GRM, providing a compelling value-add opportunity while benefiting from the long-term stability of the Hermosa Beach rental market. With exceptionally high barriers to entry, limited new multifamily development, and consistently strong tenant demand, 114 Hermosa Ave offers investors the opportunity to acquire a trophy coastal asset with durable cash flow, significant income growth potential, and long-term appreciation in one of Los Angeles County's most coveted beachfront communities. The property's premier coastal location, breathtaking ocean views, exceptional resident amenities, and value-add potential position it as a truly outstanding investment opportunity in one of Southern California's most prestigious beach communities.

114 Hermosa Ave, Hermosa Beach

Courtesy of BRC Advisors- BH, Maxwell Forester - CA DRE#02283478

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Hermosa Beach Homes under $4 million

Newest Hermosa Beach Homes under $4 million

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