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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$2,595,000

Est. payment - /mo

3,097 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26096102

HOA Y/N No

Year Built 1940

Lot Size 3,097 Sqft

Property Sub-Type Triplex

Property Description

An exceptional opportunity to acquire a multi-unit property in one of Hermosa Beach's most desirable locations, just a short distance to the beach and moments from the energy of Pier Avenue. Situated on a 31x100 square foot street to street lot - 518 Bayview Drive and 519 Monterey Boulevard - the property records reflect a triplex but the property is currently configured with 5 separate units, offering immediate rental income with meaningful upside through repositioning and renovation.
The unit mix consists of two 2 bedroom 1 bath units, one 1 bedroom unit and two studios. Two of the units have been updated, including a recently improved upper unit with modern finishes and interior laundry, while others present a clear opportunity to enhance and capture stronger market rents. One unit is a separate studio that is currently vacant and ready for improvement, further adding to the potential.
Set on a sought-after street surrounded by newer and extensively updated homes, the value here is driven as much by the location and lot as it is by the existing improvements. For investors, developers, or owner-users seeking flexibility and long-term potential, the property offers multiple paths forward.
With close proximity to the Strand, local dining, shops, and the Hermosa Beach lifestyle, this is a rare chance to secure a well-located asset with both current income and future upside.

Location

State CA

County Los Angeles

Area 148 - Hermosa Bch Sand

Interior

Cooling None

Flooring Tile

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Gas Range

Laundry Inside

Exterior

Parking Features Driveway

Pool None

Community Features Street Lights, Suburban, Park

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Near Park

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4188010030

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

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Listed by Steven Mullins Vista Sotheby’s International Realty 310-901-4687, DRE #01487977

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518 Bayview DR Hermosa Beach, CA 90254