1502 Palm Drive

Hermosa Beach CA 90254

2922 sq. ft.

Multi-Family

Last sold for $2,005,000

Ryan Bunke, last sold this property on 17 July 2026 after 132 days on market.

Overview

1 UNIT DELIVERED VACANT! 1502 Palm Drive presents a rare 4-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 four units totaling approximately 2,088 square feet on a full 30 x 100 lot. The unit mix includes two 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

2 bedrooms

4 bathrooms

2922 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 2 bedroom multi families sold in Hermosa Beach over the last 12 months, the estimated median property value of 1502 Palm Drive is $1.76m.

Median value

$1.76m

Estimated value range

$1.4m - $3.33m

Median days on market

Estimated value trend

-32%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Hermosa Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1502 Palm Drive

2026

Sold

$2,005,000

17 Jul 2026 by Ryan Bunke, of PLG Estates

Happy sellers in Hermosa Beach

We have insufficient information to provide an overview of customer satisfaction for Hermosa Beach. Viewing the agent profiles, reviews and sales for Hermosa Beach can provide insights for this location.