$2,795,000

1224 Corona Street, Hermosa Beach, CA 90254

  • 6 beds |
  • 5 baths |
  • 3,200 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon7,693sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $873/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

FULLY OCCUPIED - SELLER WILL OFFER FLEXIBLE TERMS TO QUALIFIED BUYER - SELLER FINANCE AVAILABLE. The subject property represents a rare and highly desirable land assemblage totaling approximately 7,691 square feet in the heart of Hermosa Beach. Currently operating as a four-unit income-producing asset, the property offers investors immediate cash flow while presenting a compelling long-term redevelopment opportunity. The site benefits from a larger-than-average buildable envelope, which is uncommon for the immediate submarket and provides enhanced design flexibility for a future buyer. Based on preliminary analysis, there is a potential opportunity to develop two single family residences along with two accessory dwelling units (ADUs), allowing for a unique and versatile end use. (Buyer to verify all zoning, development standards, and feasibility with the City of Hermosa Beach.) Compared to recent land sales in the surrounding area, the property offers a significant discount on a per-lot and per-square-foot basis, particularly when considering the scale of the assemblage and its potential for creative redevelopment. This positions the asset as an attractive acquisition for both end-users seeking a generational homesite and builders targeting premium coastal product. In summary, the subject property combines current income, rare lot size, and long-term upside, making it one of the more unique opportunities available in the Hermosa Beach market.

Listing Status:
Active
Date Added:
June 3, 2026
Data Last Updated:
July 5, 2026 at 7:17AM
Listing Office:
Marcus & Millichap : 424-405-3900
Listing Agent:
: 424-405-3855
MLS ID:
26844081
  • Appliances: DisposalRefrigerator
  • A/C: None
  • Heating: Wall Furnace
  • Parking: UncoveredParking spaces: 0
  • General: 1
  • Originating MLS: CRMLS_CL
  • County: Los Angeles
  • Zoning: HBC3YY4185016018
  • Source: CRMLS_CL

This listing courtesy of Marcus & Millichap

Monthly Payment

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

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