
Hermosa Beach, California 90254
This Duplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $3,995,000—positioned well above the $3,486,399 Fair Market Value. While the property carries a Condition Rating of 4, it offers immediate rental income and significant redevelopment potential on a prime 4,624 sqft south-facing lot. Located in the Manhattan Unified School District with access to 10/10 rated schools, this property provides a rare combination of coastal lifestyle and long-term land value. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants planning future luxury beach residences.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 123 22nd Subject | $3,995,000* List Price | 6 | 4 | 2,744 | $1,276 | - |
A 931 Manhattan Avenue Sold | $3,160,000 | 0 | 0 | 2,716 | $1,163 | 0.7 mi |
B 521 24th Place Active | $4,759,000 List Price | 6 | 6 | 3,328 | $1,430 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1958, the property is dated and shows noticeable wear and staining on the hardwood floors. However, it features updated bathrooms and offers immediate livability or rental income potential while preparing for future redevelopment on a prime beach lot.
Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
Situated just steps from the beach on an oversized 4,624 sqft south-facing lot, offering rare development potential in a highly coveted, finite coastal area.
The property includes two dedicated 2-car garages, a rare and highly valuable asset in the Hermosa Sand Section where parking is extremely limited.
Built in 1958, the existing improvements may face functional obsolescence or require significant maintenance compared to the modern luxury builds surrounding it.
At a $3.995M price point, the property is priced primarily for its land value and potential, which may limit the immediate return on investment for pure cash-flow investors.
The Hermosa Sand Section isn’t just about location; it’s a finite resource. When you find a property that balances immediate livability with serious long-term potential, you pay attention. Located just steps from the sand, 123-125 22nd Street offers endless opportunities for anyone that appreciates the beach lifestyle, ocean views, and an oversized lot. The 3 bedroom front unit features ocean views from the spacious living room and the large private front yard—the perfect spot to relax after a day at the beach. The rear 2 bedroom unit has its own private patio and a separate bonus room, just right for guests or a home office. Both units have hardwood floors, updated baths, fireplaces, and dedicated 2 car garages - a real gem when it comes to parking and storage this close to the beach. But the real value lies in the building potential on this south-facing lot. Zoned for two units, this is a prime opportunity to collect rent while you design your future luxury beach residences. In terms of location, you’re steps away from the daily rituals that define living in the South Bay—surfing, beach volleyball, a sunset walk on the Strand, or a quick bite at Martha’s or the Greenstore. Don’t miss your chance to own a prime buildable lot in this iconic beach location.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-3 • 0.7 mi
Grades 4-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,744 | 1,772 |
| Lot Size | 4,624 | 2,939.2 |
| Price | $4.00M | $2.22M |
| Price per sq ft | $1.5K | $1.4K |
| Built year | 1958 | 1931 |
| HOA | $0 | $0 |
| Days on market | 78 | 103 |
Jun 23, 2026
$3,995,000
Initial Listing