114 Hermosa ave - 4 Units Steps From The Beach! 4 Unit Apartment Building Offered at $3,500,000 at a 3.27% Cap Rate Hermosa Beach, CA 90254

Maxwell Forester and John Katnik of BRC Advisors are pleased to present the exclusive offering of 114 Hermosa Ave, a rare coastal apartment community located just one block from the beach in the heart of Hermosa Beach.
This exceptional 4-unit multifamily property offers investors the opportunity to acquire a well-located asset in one of Southern California’s most sought-after beach communities. Ideally positioned within walking distance of the beach, The Strand, the Hermosa Beach Pier, the Redondo Beach Pier, and an array of renowned restaurants, boutiques, and entertainment venues, the property offers an unmatched coastal lifestyle that continues to drive strong rental demand.
Units feature private balconies with ocean views, and the building also boasts a shared rooftop deck with sweeping panoramic views of the Pacific Ocean. The property also includes eight covered parking spaces, dedicated private storage units for each residence, and convenient onsite laundry facilities—valuable amenities in this highly sought-after beachside neighborhood. Together, these features enhance tenant appeal and position the property to command premium rents.
The property presents immediate value-add potential with two vacant units, allowing a new owner to lease at current market rents and increase cash flow from day one. Additional upside can be realized through strategic interior renovations and unit upgrades, providing the opportunity to further enhance rental income and maximize the property’s long-term value. Combined with its premier location in a highly supply-constrained rental market, the asset offers both near-term income growth and long-term appreciation potential.
The property presents investors with a rare opportunity to acquire a trophy coastal asset with immediate upside in one of Southern California’s most desirable beachfront communities.