1502 Palm Drive, Hermosa Beach, CA 90254

About this property

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 description from the July 2026 sale, as reported to CRMLS.

Sale history

$2,005,000

Sold July 2026 · listed $1,995,000, orig. $2,250,000, on market March 2026 · MLS #SB26047833 · Source: CRMLS

Listing Agent: Ryan Bunke · Listing Office: DOMO Real Estate · Contact: 310-386-1723 · Bought with: Jessica Swarbrick · Pacifica Properties Group, Inc.

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