Hermosa Beach Homes with Multi Level Stories

Welcome to Hermosa Beach, a coastal gem nestled in the heart of Los Angeles County, California. Known for its stunning sandy shores, vibrant community, and picturesque sunsets, Hermosa Beach offers a lifestyle that many dream of. With its laid-back atmosphere, this charming beach town is perfect for those looking to enjoy the sun, surf, and a tight-knit community vibe.

Hermosa Beach is not just about the ocean; it boasts a lively promenade filled with eclectic shops, delightful restaurants, and local cafes that cater to every palate. Whether you're taking a leisurely stroll along the iconic Hermosa Beach Pier or enjoying a game of beach volleyball, this city is a haven for outdoor enthusiasts and social butterflies alike.

For those seeking a home in this idyllic locale, Hermosa Beach offers a variety of stunning multi-level story homes. These architectural beauties provide not only ample living space but also breathtaking views of the Pacific Ocean and the surrounding landscape. Imagine waking up to the sound of waves crashing and enjoying your morning coffee on a sun-drenched balcony. Multi-level homes here are designed with modern living in mind, featuring open floor plans, spacious bedrooms, and luxurious amenities that cater to both comfort and style.

Hermosa Beach is truly a unique place to call home, where the charm of coastal living meets the sophistication of modern design. Whether you're a first-time buyer or looking to invest in a vacation retreat, the multi-level story homes in this vibrant city offer the perfect blend of luxury and beachside bliss. Come discover your dream home in Hermosa Beach, where every day feels like a vacation!

Newest Hermosa Beach Homes with Multi Level Stories

$3,500,000

8 Beds ⋅ 6 Baths ⋅ 26867229 MLS ⋅ 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 Avenue, 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.