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Listed by Shawn Dugan, DRE #01749343 • Strand Hill Properties
$3,675,000
Est. payment /mo
2,849 Sqft Lot
Active
50 10th ST Hermosa Beach, CA 90254
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26036288
Year Built 1922
Lot Size 2,849 Sqft
Property Sub-Type Triplex
Source California Regional MLS
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, cafés, 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
Area 148 - Hermosa Bch Sand
Interior
Laundry Other
Exterior
Garage Spaces 3.0
Pool None
View Ocean
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 4187003013
Special Listing Condition Not Applicable
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