1226 Corona ST, Hermosa Beach, CA 90254
1226 Corona ST, Hermosa Beach, CA 90254
1226 Corona ST, Hermosa Beach, CA 90254
1226 Corona ST, Hermosa Beach, CA 90254
1226 Corona ST, Hermosa Beach, CA 90254
1226 Corona ST, Hermosa Beach, CA 90254
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Zoltan Peresztegi

Zoltan Peresztegi

+1(661) 234-6442
$ 2,795,000
Est. payment | /mo

6 Beds

5 Baths

3,200 SqFt

Save
$ 2,795,000
Est. payment | /mo
Save

6 Beds

5 Baths

3,200 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,200 sqft

Price per Sqft $873

MLS Listing ID 26844077

Bedrooms 6

Full Baths 5

HOA Y/N No

Lot Size 7,692 Sqft

Property Sub-Type Single Family Residence

Property Description

FULLY OCCUPIED - SELLER WILL OFFER FLEXIBLE TERMS TO QUALIFIED BUYER - SELLER FINANCE AVAILABLE. The subject property represents a rare and highly desirable land assemblage totaling approximately 7,691 square feet in the heart of Hermosa Beach. Currently operating as a four-unit income-producing asset, the property offers investors immediate cash flow while presenting a compelling long-term redevelopment opportunity. The site benefits from a larger-than-average buildable envelope, which is uncommon for the immediate submarket and provides enhanced design flexibility for a future buyer. Based on preliminary analysis, there is a potential opportunity to develop two single family residences along with two accessory dwelling units (ADUs), allowing for a unique and versatile end use. (Buyer to verify all zoning, development standards, and feasibility with the City of Hermosa Beach.) Compared to recent land sales in the surrounding area, the property offers a significant discount on a per-lot and per-square-foot basis, particularly when considering the scale of the assemblage and its potential for creative redevelopment. This positions the asset as an attractive acquisition for both end-users seeking a generational homesite and builders targeting premium coastal product. In summary, the subject property combines current income, rare lot size, and long-term upside, making it one of the more unique opportunities available in the Hermosa Beach market.

Location

State CA

County Los Angeles

Area 150 - Hermosa Bch East

Zoning HBC3YY

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Appliance Disposal, Refrigerator

Laundry None

Exterior

Parking Features Uncovered

Pool None

View Y/N No

View None

Private Pool No

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 4185016015

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Marcus & Millichap #02038545

Nearby Locations

Zoltan Peresztegi

"My job is simple: get my sellers the strongest price the market will pay, and help my buyers find the right home. No jargon, no pressure, just straight answers."

+1(661) 234-6442

zoltan@sellwithzoli.com

6302 Ridgeglade Ct, Rancho Palos Verdes, California, 90275, USA

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1226 Corona ST