1049 3rd Street, Hermosa Beach, California 90254, Hermosa Beach, 90254 - 0 bed, 0 bath
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Hermosa Beach, California 90254
This Strong Value Opportunity is a Residential Income Duplex listed at $1,500,000, positioned well below the $1,515,668 Fair Market Value by 1%. Featuring a Fair Condition Rating (4/10), the property offers $15,668 in Instant Equity. With a private fenced yard, shared garage, and proximity to 10/10 rated Hermosa View Elementary, this asset provides significant rental demand. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage a prime coastal location for long-term wealth building.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1049 3rd Street Subject | $1,500,000* List Price | 0 | 0 | 1,118 | $1,356 | - |
A 558 8th Street Sold | $1,510,000 | 0 | 0 | 1,152 | $1,311 | 0.4 mi |
B 1636 Hermosa Sold | $1,775,000 | 3 | 2 | 1,422 | $1,248 | 0.9 mi |
C 1636 Hermosa Avenue Sold | $1,775,000 | 0 | 0 | 1,422 | $1,248 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1954, the property features renovations that appear dated, including tile countertops, older oak cabinetry in the bathroom, and white appliances. While the listing mentions upgrades and the units are functional, the aesthetic and fixtures suggest the renovations are likely 20+ years old, requiring modern updates to meet current market standards.
Elementary School: Hermosa View Elementary School (10/10).
Situated in a highly sought-after Hermosa Beach neighborhood, the property offers easy access to the beach, pier, and local amenities, ensuring strong long-term value and high tenant demand.
The duplex configuration allows an owner-occupant to live in one unit while generating rental income from the other, or provides a turnkey opportunity for investors in a high-demand rental market.
With both units being 1-bedroom, 1-bathroom layouts and a total of only 1,118 square feet, the property may appeal to a narrower demographic of tenants compared to larger multi-family homes.
Originally built in 1954, the property may require ongoing maintenance or capital improvements to aging systems, especially in the unit that has not undergone recent renovations.
Located in the highly sought-after coastal community of Hermosa Beach, this charming duplex at 1049 & 1051 3rd Street offers an exceptional opportunity to enjoy the best of South Bay living. Featuring two 1-bedroom, 1-bathroom units, each residence includes an assigned parking space in the shared two-car garage, along with use of the washer and dryer located in the garage area for added convenience. Windows throughout both units provide natural light and create a bright and welcoming atmosphere. 1049 3rd Street showcases a beautifully upgraded kitchen and bathroom, stylish laminate flooring, and inviting beach-inspired charm. Whether you are an investor, owner-user, or someone searching for a beach-close retreat, this property offers outstanding flexibility. Live in one unit while generating rental income from the other, or maximize its investment potential in one of the South Bay’s most desirable neighborhoods. Conveniently located near the beach, Hermosa Pier, parks, restaurants, cafes, and boutique shopping, this duplex captures the essence of relaxed Southern California lifestyle. Enjoy walks by the ocean, vibrant local dining, and the welcoming atmosphere that makes Hermosa Beach one of the area’s most beloved seaside destinations.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades K-3 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,118 | 1,320 | 13% |
| Lot Size | 2,270 | 2,214 | 50% |
| Price | $1.50M | $1.77M | 13% |
| Price per sq ft | $1.3K | $1.3K | 63% |
| Built year | 1954 | 1922 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 78 | 13% |
May 28, 2026
$1,500,000
Initial Listing