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2 2nd Street, Hermosa Beach, California 90254, Hermosa Beach, 90254 - 8 bed, 4 bath

2 2nd Street, Hermosa Beach, California 90254 home-pic-0
ACTIVE$5,995,000
2 2nd Street, Hermosa Beach, California 90254
8Beds
4Baths
3,948Sqft
3,230Lot
Year Built
1949
Close
-
List price
$6M
Original List price
$6.5M
Price/Sqft
$1,518
HOA
-
Days on market
-
Sold On
-
MLS number
SB25037470
Home ConditionPoor
Features
Excellent View: Catalina, Coastline, Ocean, Panoramic
ViewCatalina, Coastline, Ocean, Panoramic

About this home

We found 3 Cons,6 Pros. Rank: price - $6.00M(83th), sqft - 3948(67th), beds - 8(92th), baths - 4(83th).

Don’t let the address fool you! 2 Second Street, Hermosa Beach * This 3,948s.f. quadraplex sits on the South corner of 2nd and The Strand on an oversized 3,230s.f. corner lot. * An amazing 46’ of frontage that narrows to a still oversized 35’ in the back. * Features a 3bedroom/1 bath unit, two 2 bedroom/1 bath units and a 1 bedroom/1 bath unit. * Located two blocks north of the 49 acre AES Power Plant slated for future redevelopment and a short walk to downtown Hermosa and the myriad of shops and restaurants. * Great opportunity for significant upside with the redevelopment of AES, as a reference the Metlox redevelopment in MB significantly benefited values of surrounding property as a 3 acre project and this project is 15x plus larger. * All leases are month to month

Nearby schools

10/10
Hermosa View Elementary School
Public,•K-3•1.0mi
9/10
Opal Robinson Elementary School
Public,•K-5•1.7mi
8/10
Hermosa Valley Elementary School
Public,•4-8•0.8mi
9/10
Manhattan Beach Middle School
Public,•6-8•2.6mi
9/10
Mira Costa High School
Public,•9-12•1.4mi
Condition Rating
Poor
Built in 1949, this property is significantly aged. The images reveal severely outdated kitchens and bathrooms with original or very old fixtures, cabinets, and finishes (e.g., yellowed vanity, dated tile, old laminate countertops, and basic appliances). Flooring is a mix of worn carpet and basic laminate. The property analysis explicitly notes that it 'is likely to require significant capital investment for modernization, maintenance, and upgrades.' While currently occupied, the property requires substantial rehabilitation to meet modern standards and comfort, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

Great Schools: Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
Prime Strand Location & Panoramic Views: Unbeatable corner location on The Strand in highly desirable Hermosa Beach, offering panoramic views of Catalina, the coastline, and the ocean.
Significant Redevelopment Upside: Strategically located two blocks from the 49-acre AES Power Plant site, poised for future redevelopment that is expected to significantly boost surrounding property values.
Strong Income-Generating Asset: A 3,948 sq. ft. quadruplex with a diverse unit mix (3-bed, two 2-bed, 1-bed units) provides substantial and diversified rental income potential.
Oversized Corner Lot with Ample Frontage: Features an oversized 3,230 sq. ft. corner lot with an impressive 46 feet of frontage on The Strand, offering unique development or expansion possibilities.
Flexible Month-to-Month Leases: All units are currently on month-to-month leases, providing immediate flexibility for an owner-user, renovation projects, or adjusting rental rates to market value.

Cons

Property Age & Condition: Built in 1949, the property is likely to require significant capital investment for modernization, maintenance, and upgrades to meet current market expectations and maximize its potential.
High Capital Investment Required: The nearly $6 million list price, coupled with the probable need for extensive renovations, represents a substantial financial commitment for potential buyers.
Redevelopment Timeline Uncertainty: While the AES Power Plant redevelopment offers significant future upside, the timeline and specifics of such large-scale projects can be uncertain and subject to delays, impacting the immediate realization of anticipated value.

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