Apartment for sale in Southern California — $1,995,000. 1 UNIT DELIVERED VACANT! 1502 Palm Drive presents a rare 4-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 down…
$1,995,000
1502 Palm Drive, Hermosa Beach, CA 90254
1 UNIT DELIVERED VACANT! 1502 Palm Drive presents a rare 4-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 four units totaling approximately 2,088 square feet on a full 30’ x 100’ lot. The unit mix includes two 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.
Listing updated: July 2, 2026 at 2:25 PM
Listed by: Ryan Bunke, DOMO Real Estate
Source: CRMLS, MLS#: SB26047833, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
5/20/2026 Source: CRMLS, #SB26047833 | Price change | $1,995,0000.0% |
| 5/20/2026Source: CRMLS, #SB26047833 | Pending sale | $1,995,000-7.2% |
| 3/06/2026Source: CRMLS, #SB26047833 | Listed for sale | $2,149,500 |
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