1502 Palm Drive, Hermosa Beach, CA 90254 (MLS # SB26047833)
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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 "Walker's Paradise" Walk Score with easy access to some of the area's 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.
| DAYS ON MARKET | 92 | LAST UPDATED | 5/20/2026 |
|---|---|---|---|
| YEAR BUILT | 1913 | COMMUNITY | 148 - Hermosa Bch Sand |
| GARAGE SPACES | 2.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Apr 20, '26 | $2,250,000 |
|---|---|
| Apr 20, '26 - Apr 23, '26 | $2,249,999 |
| Apr 23, '26 - Apr 28, '26 | $2,149,999 |
| Apr 28, '26 - May 20, '26 | $2,149,500 |
| May 20, '26 - Today | $1,995,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 148 - Hermosa Bch Sand |
| GARAGE | Yes |
| LOT | 2923 sq ft |
| LOT DIMENSIONS | 2922 |
| PARKING | Assigned |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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