Overview
- Apartment
- 2
- 1913
Description
1502 Palm Drive presents a rare 5-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 five units totaling approximately 2,088 square feet on a full 30’ x 100’ lot. The unit mix includes three 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
Open on Google Maps- Address Palm
- City Hermosa Beach
- State/county Los Angeles
- Zip/Postal Code 90254
Details
Updated on April 3, 2026 at 2:08 am- Property ID: HZSB26047833
- Price: $2,250,000
- Garages: 2
- Year Built: 1913
- Property Type: Apartment
- Property Status: ResidentialIncome
- Listed by: Ryan Bunke
- DRE #: 02083042
- Contact Phone: (310) 386-1723
- Contact Mail: Ryan.Bunke@DomoRealEstate.com
- Brokered by: DOMO Real Estate
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