1502 Palm Drive, Hermosa Beach, California 90254
  • $1,995,000
  • $2,149,500

Overview

Property ID: SB26047833
  • Apartment, Residential Income
  • Property Type
  • 2.0
  • Garages
  • 2088 Sqft
  • Area Size
  • 1913
  • Year Built

Description

1 UNIT DELIVERED VACANT! 1502 Palm Drive presents a rare 4-unit value-add multifamily opportunity in an A+ Hermosa Beach location just one block from the Strand and Noble Park. Tucked right around the corner from downtown Hermosa, the property enjoys a 97 “Walker’s Paradise” Walk Score with easy access to some of the area’s most popular local spots including the The Comedy & Magic Club, Ryla, and Baja Sharkeez. The property consists of four units totaling approximately 2, 088 square feet on a full 30’ x 100’ lot. The unit mix includes two studio apartments and a detached cottage with a private yard and two 1-bed/1-bath units. Significant upside in rents for an investor looking to renovate and reposition over time. Opportunities to acquire a multifamily asset with this level of walkability and proximity to the beach rarely come to market, making 1502 Palm Drive an ideal option for investors seeking a prime coastal location with clear value-add potential.

  • Address: 1502 Palm Drive
  • State/county: CA
  • Zip/Postal Code: 90254
  • Country: US

Details

Updated on July 2, 2026 at 9:25 pm
  • Property ID SB26047833
  • Price $1,995,000
  • Property Size 2088 Sqft
  • Land Area 0.0671 Acres
  • Garages 2.0
  • Year Built 1913
  • Property Type Apartment, Residential Income
  • Property Status Pending

Additional details

  • Listing Terms Cash to New Loan
  • Sewer Public Sewer
  • Cooling None
  • County Los Angeles
  • Property Type Residential Income
  • Pool None
  • Parking Assigned
  • Community Features Biking, Curbs, Street Lights, Sidewalks, Water Sports

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