563 2nd Street

Hermosa Beach CA 90254

1145 sq. ft.

2477 sq. ft.

Other

Last sold for $1,700,000

Gianluca Jacoli, last sold this property on 13 March 2026 after 184 days on market.

Overview

TRIPLEX PROPERTY COMPRISED OF (1) 1-BEDROOM/1-BATHROOM UNIT, (1) STUDIO/1-BATHROOM UNITS & (1) 1-BEDROOM/1-BATHROOM PLUS DECK. Discover this exceptional triplex in the heart of Hermosa Beach, California, perfectly positioned just a few blocks from The Strand and the shimmering Pacific Ocean, embodying the essence of coastal luxury living. As a prime investment opportunity, this versatile asset offers strong potential for owner-occupancy, allowing you to reside in one unit while generating income from the others. With outstanding potential for Accessory Dwelling Units (ADUs), buyers can explore adding extra rentals to significantly boost revenue though verification of feasibility is advised. Benefiting from favorable rent regulations, the property is exempt from Los Angeles City rent control and falls under AB 1482, enabling attractive annual rent increases to maximize returns. Its eligibility for standard residential financing makes it accessible to a broad spectrum of buyers, simplifying acquisition. Currently delivering robust income with a 2.84% cap rate and 21.66 GRM, it promises even greater upside through pro-forma projections of a 3.71% cap rate. The location's exceptional market appeal shines with proximity to King Harbor, Hermosa Beach Pier, Redondo Beach Pier, and vibrant Pier Avenue, providing endless beachside dining, shopping, and recreational options. Inside, enjoy modern amenities like a fully renovated studio unit and Unit C's private deck for enhanced comfort. Practical features include a spacious 2-car garage for secure parking and on-site laundry facilities that generate an additional $200 per month in passive income. This triplex combines immediate cash flow, growth potential, and an unbeatable seaside lifestyle - don't miss out on this Hermosa Beach gem.

Features

2 bedrooms

3 bathrooms

2 carspaces

2 garage spaces

1145 sq. ft. floor area

2477 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 2 bedroom other properties sold in Hermosa Beach over the last 12 months.

Property history for 563 2nd Street

2026

Sold

$1,700,000

13 Mar 2026 by Gianluca Jacoli, of Shield CRE, Inc.

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.