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1502 Palm Drive, Hermosa Beach, CA 90254

Property

1502 Palm Drive, Hermosa Beach, CA 90254 Sold July 2026 CRMLS
$2,005,000Sold July 2026

Listing Agent: Ryan Bunke (DRE #02083042) · Listing Office: DOMO Real Estate · Contact: 310-386-1723 · Bought with: Jessica Swarbrick · Pacifica Properties Group, Inc. · MLS #SB26047833 · Source: CRMLS

2,922 sqft
Lot Size
1913
Year Built
Property
Type
1
Stories
2
Garage
None
Cooling

How this sale compares

1502 Palm Drive sold for $2,005,000 in July 2026, 0.5% over its $1,995,000 list price, after 95 days on the market. It was first listed at $2,250,000. Across 123 closed sales in 90254 over the last 12 months, the median sold price is $2,565,000 and the median is $1,240 per square foot.

$1,240
90254 median per sq ft (12 mo)
$2,565,000
90254 median sold price (12 mo)
123
Closed sales in 90254 (12 mo)
95
Days on market
+0.5%
Sold vs. list price
QuarterClosed sales in 90254Median sold price
Q1 20264$2,812,500
Q2 202646$2,772,500
Q3 202659$2,300,000
Q4 202614$2,257,500

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Hermosa Beach · Homes for sale in 90254

Description

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, 95 days on market · 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.

Recent sales near 1502 Palm Drive

Closed sales reported in 90254, nearest first, last 12 months. All recent sales in Hermosa Beach →

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Sale history for this address is based on MLS-reported closed transactions provided through CRMLS. Information is deemed reliable but not guaranteed and should be independently verified. Nalren does not provide price estimates or valuations.

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