
Hermosa Beach, California 90254
This property presents a Strong Value Opportunity with a List Price of $1,795,000—positioned well below the $1,653,308 Fair Market Value by -8%. While the Condition Rating of 6 reflects its 1954 origins, the 50-foot wide, flat, west-facing lot offers prime development potential in the North Hermosa Hill Section. Proximity to the 10/10 rated Hermosa View Elementary School enhances long-term desirability. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build a custom home in a premier coastal neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1836 Hillcrest Subject | $1,795,000* List Price | 2 | 1 | 943 | $1,753 | - |
A 1402 Prospect Avenue Pending | $1,750,000 List Price | 3 | 2 | 1,197 | $1,462 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1954 (70 years old) with no evidence of major renovations to the kitchen or bath. The listing explicitly markets the property as a 'Rare Opportunity' to 'Build New' on a flat lot, indicating the primary value is in the land.
Elementary School: Hermosa View Elementary School (10/10).
The 50-foot wide, flat, west-facing lot is ideal for new construction, offering the rare opportunity to build a custom home with potential ocean views from a second story.
Situated in the prestigious North Hermosa Hill Section on a family-friendly street, the property is walking distance to the beach, downtown dining, and local shops.
The current 943-square-foot, 2-bedroom, 1-bathroom structure is significantly undersized for the area, likely requiring a total rebuild or major addition to meet modern standards.
At nearly $1.8M, the value is almost entirely in the land, necessitating a substantial secondary budget for construction or extensive remodeling of the 1954 original home.
VERY SPECIAL & RARE OPPORTUNITY IN NORTH HERMOSA HILL — REMODEL, EXPAND OR BUILD NEW! This well-maintained 2-bedroom, 1-bath home presents a rare opportunity to own in one of North Hermosa Beach’s most desirable neighborhoods. Perfect for a First-Time Buyer looking to establish roots in Hermosa Beach, a homeowner seeking to Remodel or Add On, or a Builder/Developer envisioning a stunning new custom residence, this property offers an exceptional combination of location, lot and future potential. Situated on a 50-Foot-Wide, Flat, West-Facing Lot, the property provides an outstanding setting for a future new home, with potential Ocean Views from a Second Story. The adjacent property to the North offers a good indication of the type of development possible on this site. The existing home is in great maintained condition and features an Oversized 2-Car Garage, providing ample parking and storage while offering the opportunity to enjoy the property today and improve or expand over time. Several properties just a few doors away have recently undergone substantial remodeling or been replaced with impressive new construction, with finished properties selling well above this property's asking price, further highlighting the potential of this location. Adding to the appeal is the setting on a quiet, highly desirable One-Block-Long Residential Street, a special neighborhood enclave where long-term families, friendly neighbors and children create a genuine sense of community. Block parties, neighborhood gatherings and kids playing in the neighborhood are part of the character that makes this location so appealing and difficult to duplicate. A Great Elementary School and Children's Park are just around the corner, while the highly regarded Middle School and High School are only a few blocks away and within easy walking distance. The location is also convenient to Shops, Grocery Stores, Restaurants, Downtown Hermosa Beach and, of course, the Beach. With its rare 50-Foot Frontage, Flat West-Facing Lot, Oversized 2-Car Garage, desirable neighborhood setting and tremendous potential, this is an opportunity to secure a property in one of North Hermosa's most coveted residential areas and create something truly special — whether enjoying the existing home, remodeling and expanding, or building a beautiful new custom home. Photos Virtually Staged. DO NOT ENTER PROPERTY OR DISTURB OCCUPANTS
No exterior & parking available.
Grades K-3 • 0.1 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.4 |
| Baths | 1.0 | 2.9 |
| Square foot | 943 | 2,270.714 |
| Lot Size | 3,402 | 3,515.429 |
| Price | $1.79M | $3.02M |
| Price per sq ft | $1.9K | $1.5K |
| Built year | 1954 | 1959 |
| HOA | $0 | $0 |
| Days on market | 12 | 53 |
Aug 29, 2026
$1,795,000
Initial Listing
Aug 28, 2026
$1,799,000
Initial Listing
Jan 7, 2020
$1,050,000
Public Record