1502 Palm Drive

Hermosa Beach CA 90254

2922 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

1 UNIT DELIVERED VACANT! 1502 Palm Drive presents a rare 5-unit value-add multifamily opportunity in an A+ Hermosa Beach location just one block from the Strand and Noble Park. Tucked right around the corner from downtown Hermosa, the property enjoys a 97 Walkers Paradise Walk Score with easy access to some of the areas most popular local spots including the The Comedy & Magic Club, Ryla, and Baja Sharkeez. The property consists of five units totaling approximately 2,088 square feet on a full 30 x 100 lot. The unit mix includes three studio apartments and a detached cottage with a private yard and two 1-bed/1-bath units. Significant upside in rents for an investor looking to renovate and reposition over time. Opportunities to acquire a multifamily asset with this level of walkability and proximity to the beach rarely come to market, making 1502 Palm Drive an ideal option for investors seeking a prime coastal location with clear value-add potential.

Features

1 bedroom

4 bathrooms

2922 sq. ft. lot size

Multi-Family

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Local market activity for 1 bedroom multi families in Hermosa Beach

In the last 12 months, 1 one-bedroom multi family similar to 1502 Palm Drive, have been sold.

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Ryan Bunke

at PLG Estates

View listing

Sales:: (619) 566-0008

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