1306 Corona, Hermosa Beach, California 90254, Hermosa Beach, 90254 - 4 bed, 3 bath

1306 Corona, Hermosa Beach, California 90254 home-pic-0

1306 Corona

Hermosa Beach, California 90254

ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,299Sq Ft
3,096Lot Size

Property Price

LIST PRICE$1,875,000
EST. MARKET VALUE
$1,934,463
3% BelowMARKET VALUE

SUMMARY

Analysis of 1306 Corona, Hermosa Beach, California 90254 reveals a Prime Investment Opportunity with a current list price of $1,875,000—significantly undercutting the $1,934,463 Fair Market Value by 3%. This valuation gap indicates a +$59,463 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Hermosa Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$1,934,463 +$59,463 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Hermosa Beach.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
1306 Corona
Subject
$1,875,000*
List Price
432,299$841-
A
1030 5th Street
Sold
$1,775,000322,112$8400.4 mi
B
1025 7th
Sold
$1,552,899321,717$9040.3 mi
C
1116 7th Street
Sold
$1,761,550322,337$7540.3 mi
D
1250 1st Street
Sold
$1,650,000522,172$7600.6 mi
E
1213 14th Street
Active Under Contract
$1,648,000
List Price
331,700$9690.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

The property was remodeled approximately 20 years ago and features finishes that are now dated, such as cherry wood flooring, granite countertops, and travertine tile. While it includes modern conveniences like dual-pane windows and air conditioning, the listing notes deferred maintenance including non-operational appliances and a balcony in need of repair. It fits the 'fair' criteria as an aged home maintained through previous updates that now requires minor to moderate repairs and a cosmetic refresh.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Elementary School: Hermosa View Elementary School (10/10).

  • Exceptional Parking & Access

    The property features a rare street-to-street lot with an oversized 2-car garage plus four additional driveway spaces, offering unparalleled parking capacity and RV potential for the area.

  • Architectural Volume & Views

    Vaulted beamed ceilings and an open-concept upper level create an airy atmosphere, complemented by a large west-facing deck that captures stunning southwest sunset views.

CONSRISKS & DEFICIENCIES

  • Low Available Lot Utilization

    The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3096, living area = 2299.

  • Deferred Maintenance

    The home requires immediate capital expenditure to address non-operational appliances and a primary suite balcony that is currently in need of structural repair.

  • Dated Interior Systems

    Having been last remodeled approximately 20 years ago, the interior finishes and some mechanical elements are reaching the end of their functional life and require a full modern refresh.

About 1306 Corona

OPPORTUNITY KNOCKS! Bring Your Paintbrush & Imagination Remodeled approximately 20 years ago, this spacious west-facing home is ready for a refresh. Ideally positioned on a desirable street-to-street lot with southwest views, this property offers space, versatility, and endless potential. A welcoming double-door entry opens to a bright first-floor foyer featuring a generous primary ensuite, two additional bedrooms, full hall bath, laundry area, abundant storage, and direct access to the oversized 2-car garage. The primary suite offers a private balcony (in need of repair) overlooking the front yard and a travertine bathroom complete with walk-in shower and built-in cabinetry. Upstairs, vaulted beamed ceilings create an open, airy atmosphere. The expansive fourth bedroom can easily function as a media room or second living area and features its own east-facing balcony and nearby guest bath. The open-concept kitchen includes granite countertops, soft-close cabinetry, ample storage, pantry, and an eat-at breakfast bar overlooking the dining area (note: some appliances are currently not operational). The living room with cozy fireplace opens to a large west-facing deck — perfect for entertaining, BBQs, and enjoying sunset views. Parking is exceptional with an oversized 2-car garage PLUS four additional driveway spaces, offering flexibility for RV parking. Additional highlights include: Air conditioning, Dual-pane windows, Cherry Floors, Recessed lighting, Street-to-street access & large crawl space. Don’t miss this rare opportunity to bring your vision to life and create instant equity at a tremendous savings.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1978
Lot Size
3,096 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Hermosa Beach Unified Schools

Hermosa View Elementary School

Grades K-3 • 0.3 mi

10/10

Jefferson Elementary School

Grades K-5 • 0.6 mi

8/10

Beryl Heights Elementary School

Grades K-5 • 0.9 mi

8/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.04.0
50%
Baths3.02.0
54%
Square foot2,2992,299
50%
Lot Size3,0963,096
50%
Price$1.88M$2.40M
32%
Price per sq ft$816$1.3K
11%
Built year19781968
59%
HOA$0$0
50%
Days on market21170
3%

Pricing History

Listed for Sale

Feb 13, 2026

$1,875,000

Initial Listing

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