50 10th Street, Hermosa Beach, California 90254, Hermosa Beach, 90254 - 3 bed, 5 bath
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Hermosa Beach, California 90254
This Coastal Income Triplex is a premier "blue-chip" asset listed at $3,675,000, reflecting the significant land scarcity and price stability of the Hermosa Sand Section relative to its $3,409,142 Fair Market Value. Currently maintaining a Fair Condition Rating, the 1922 structure offers immediate revenue with immense upside through unit modernization or future Development Potential on the oversized lot. Residents enjoy Ocean Views, a private deck, and access to elite schools including Hermosa View Elementary (10/10) and Mira Costa High (9/10). This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 50 10th Street Subject | $3,675,000* List Price | 3 | 5 | 2,367 | $1,440 | - |
A 931 Manhattan Avenue Pending | $3,199,999 List Price | 0 | 0 | 2,716 | $1,178 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1922, this triplex is a well-maintained but aged income property that shows signs of being outdated. While functional and currently generating revenue, the listing suggests updating units to capture rental upside or exploring future development, indicating that the kitchens, bathrooms, and major systems are likely older and do not meet modern luxury standards. It fits the 'fair' criteria as a century-old structure maintained through regular upkeep but lacking recent comprehensive renovations.
Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2367, other record living area = 2013. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Located in the heart of Hermosa Beach, just steps from the sand and moments from Pier Avenue, this well-situated triplex offers a rare opportunity to own a full-lot income property in one of the most walkable coastal pockets in the South Bay. The property consists of two 2-bedroom / 1-bath units and one 1-bedroom / 1-bath unit, all positioned on an oversized lot in a premier beach-close location. With immediate access to the beach, Pier Avenue dining, shops, cafés, and the Hermosa Beach pier, this is a true lifestyle location that consistently drives strong tenant demand. On a pro forma basis, the property offers an estimated 3.50% cap rate and 18.6 GRM, reflecting both income upside and long-term land value. The property presents multiple paths forward - hold as-is, update units to capture upside in rents, or explore future development potential. A compelling opportunity for investors or end users seeking long-term value in a blue-chip Hermosa Beach location where proximity, walkability, and land scarcity remain irreplaceable.
No exterior & parking available.
Grades K-3 • 0.8 mi
Grades K-5 • 1.3 mi
Grades 4-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 1.5 | 50% |
| Baths | 5.0 | 1.0 | 88% |
| Square foot | 2,367 | 1,711.5 | 88% |
| Lot Size | 2,849 | 2,464 | 63% |
| Price | $3.67M | $2.27M | 88% |
| Price per sq ft | $1.6K | $1.3K | 63% |
| Built year | 1922 | 1922 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 63 | 130 | 25% |
Feb 18, 2026
$3,675,000
Initial Listing
Dec 10, 2013
$1,630,000
Public Record