2 2nd Street, Hermosa Beach, California 90254, Hermosa Beach, 90254 - bed, bath
ACTIVE$5,995,000
2 2nd Street, Hermosa Beach, California 90254
0Bed
0Bath
3,948Sqft
3,230Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
Top Cons:
Age of Property: Built in 1949, the property is likely to require significant capital investment for modernization, system upgrades, and general maintenance to meet contemporary standards and maximize rental income or resale value.
Compared to the nearby listings
Price:$6.00M vs avg $2.51M (+$3,485,000)83%
Size:3,948 sqft vs avg 2,336.5 sqft67%
Price/sqft:$1.5K vs avg $1.1K92%
More Insights
Built in 1949 (76 years old).
Condition: Built in 1949, this quadraplex shows significant age and a lack of major renovations in the past 30-50 years. The kitchens feature very dated cabinets, countertops, and appliances, along with an old-fashioned tile backsplash. Bathrooms also exhibit outdated vanities, fixtures, and tile work. Flooring includes worn carpet and some older laminate. The property description itself highlights the need for 'significant capital investment for modernization, system upgrades, and general maintenance' and 'extensive renovation' to meet contemporary standards. While livable, the units are very uncomfortable by modern standards and require substantial rehabilitation.
Year Built
1949
Close
-
List price
$6M
Original List price
$6.5M
Price/Sqft
$1,518
HOA
-
Days on market
-
Sold On
-
MLS number
SB25041878
Home ConditionPoor
Features
Excellent View: Catalina, Coastline, Ocean, Panoramic
ViewCatalina, Coastline, Ocean, Panoramic
About this home
Don’t let the address fool you! 2 Second Street, Hermosa Beach * This 3,948s.f. quadraplex sits on the South corner of 2nd and The Strand on an oversized 3,230s.f. corner lot. * An amazing 46’ of frontage that narrows to a still oversized 35’ in the back. * Features a 3bedroom/1 bath unit, two 2 bedroom/1 bath units and a 1 bedroom/1 bath unit. * Located two blocks north of the 49 acre AES Power Plant slated for future redevelopment and a short walk to downtown Hermosa and the myriad of shops and restaurants. * Great opportunity for significant upside with the redevelopment of AES, as a reference the Metlox redevelopment in MB significantly benefited values of surrounding property as a 3 acre project and this project is 15x plus larger. * All leases are month to month
Nearby schools
10/10
Hermosa View Elementary School
Public,•K-3•1.0mi
9/10
Opal Robinson Elementary School
Public,•K-5•1.7mi
8/10
Hermosa Valley Elementary School
Public,•4-8•0.8mi
9/10
Manhattan Beach Middle School
Public,•6-8•2.6mi
9/10
Mira Costa High School
Public,•9-12•1.4mi
Condition Rating
Poor
Built in 1949, this quadraplex shows significant age and a lack of major renovations in the past 30-50 years. The kitchens feature very dated cabinets, countertops, and appliances, along with an old-fashioned tile backsplash. Bathrooms also exhibit outdated vanities, fixtures, and tile work. Flooring includes worn carpet and some older laminate. The property description itself highlights the need for 'significant capital investment for modernization, system upgrades, and general maintenance' and 'extensive renovation' to meet contemporary standards. While livable, the units are very uncomfortable by modern standards and require substantial rehabilitation.
Pros & Cons
Pros
Great Schools: Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
Prime Beachfront Location: Situated on the South corner of 2nd and The Strand in Hermosa Beach, offering direct access to the beach and a short walk to downtown shops and restaurants, enhancing desirability and rental appeal.
Strong Income Potential: This 3,948 sq. ft. quadraplex features four distinct units (3-bed/1-bath, two 2-bed/1-bath, and one 1-bed/1-bath), providing multiple rental income streams for investors.
Significant Future Redevelopment Upside: Located just two blocks from the 49-acre AES Power Plant, which is slated for major redevelopment, offering substantial long-term appreciation potential for the property.
Panoramic Ocean Views: The property boasts panoramic views of Catalina, the coastline, and the ocean, a highly sought-after premium feature in the Hermosa Beach market.
Oversized Corner Lot: An oversized 3,230 sq. ft. corner lot with an impressive 46 feet of frontage provides excellent visibility, potential for future expansion, or redevelopment opportunities.
Cons
Age of Property: Built in 1949, the property is likely to require significant capital investment for modernization, system upgrades, and general maintenance to meet contemporary standards and maximize rental income or resale value.
Month-to-Month Leases: All leases are currently month-to-month, which, while offering flexibility for a new owner, also presents a risk of tenant turnover and potential vacancies, impacting immediate stable cash flow.
Potential for Extensive Renovation: Given its age and the focus on future redevelopment, the existing units are likely not updated to modern luxury standards, implying a need for substantial renovation to optimize rental rates or prepare for a higher-value development.