1224 Corona St, Hermosa Beach, CA 90254
1224 Corona St, Hermosa Beach, CA 90254
1224 Corona St, Hermosa Beach, CA 90254
1224 Corona St, Hermosa Beach, CA 90254
1224 Corona St, Hermosa Beach, CA 90254
1224 Corona St, Hermosa Beach, CA 90254
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Watson Realty

Watson Realty

+1(661) 327-5161
$ 2,795,000
Est. payment | /mo

6 Beds

5 Baths

3,200 SqFt

Save
$ 2,795,000
Est. payment | /mo
Save

6 Beds

5 Baths

3,200 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,200 sqft

Price per Sqft $873

MLS Listing ID 26844081

Bedrooms 6

Lot Size 7,691 Sqft

Acres 0.1766

Property Sub-Type Multi-Family

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.

Location

State CA

County Los Angeles

Area Hermosa Beach East

Zoning HBC3YY

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment Range/Oven, Refrigerator, Garbage Disposal

Exterior

Parking Features Uncovered

Building

Story 1

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

Nearby Locations

Watson Realty

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+1(661) 327-5161

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1224 Corona St