1224 Corona Street, Hermosa Beach, CA 90254

Hermosa Beach
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
1224 Corona Street,Hermosa Beach, CA 90254
$2,795,000
  • 6 Beds
  • 5 Baths
  • 3,200 sq. ft.
  • Multi-family
  • Active
Office: marcus & millichap424-405-3900
MLS#:26844081
Source:CRMLS

Price summary

  • Price:$2,795,000
  • Price per sq. ft.:$873.44

About this home

FULLY OCCUPIED - SELLER WILL OFFER FLEXIBLE TERMS TO QUALIFIED BUYER - SELLER FINANCE AVAILABLE. The subject property represents a rare and highly desirable land assemblage totaling approximately 7,691 square feet in the heart of Hermosa Beach. Currently operating as a four-unit income-producing asset, the property offers investors immediate cash flow while presenting a compelling long-term redevelopment opportunity. The site benefits from a larger-than-average buildable envelope, which is uncommon for the immediate submarket and provides enhanced design flexibility for a future buyer. Based on preliminary analysis, there is a potential opportunity to develop two single family residences along with two accessory dwelling units (ADUs), allowing for a unique and versatile end use. (Buyer to verify all zoning, development standards, and feasibility with the City of Hermosa Beach.) Compared to recent land sales in the surrounding area, the property offers a significant discount on a...

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Home facts

  • Listing ID #:26844081
  • Added:3 day(s) ago
  • Updated:June 09, 2026 at 10:34 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:5
  • Kitchen Description:Disposal, Refrigerator
  • Living area:3,200 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Building area:3,200 sq. ft.
  • Lot area:0.18 Acres
  • Levels:1 Story

Finances and disclosures

  • Price:$2,795,000
  • Price per sq. ft.:$873.44

Features and amenities

  • Appliances:Disposal

Parking

  • Parking description:Uncovered
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