1226 Corona Street, Hermosa Beach, CA 90254

Hermosa Beach
Local realty services provided by:ERA North Orange County Real Estate
1226 Corona Street,Hermosa Beach, CA 90254
$2,450,000
  • 6 Beds
  • 5 Baths
  • 3,200 sq. ft.
  • Single family
  • Active
Office: marcus & millichap424-405-3900
MLS#:26844077
Source:CRMLS

Price summary

  • Price:$2,450,000
  • Price per sq. ft.:$765.63

About this home

PRICE REDUCED BY $345,000! Current Income Justifies the Purchase Price - Future Development Potential Comes at a Significant Discount. This is an exceptional opportunity to acquire one of the most compelling value-add and development opportunities in Hermosa Beach. The property is now offered at an attractive $765 per square foot for the existing four income-producing units and just $318 per square foot of land, representing a land basis well below current market levels. Unlike many development opportunities where buyers pay a premium for future potential, this offering makes financial sense as a stand-alone income property while providing substantial upside through future redevelopment. Investors can acquire a stabilized four-unit asset at pricing supported by today's cash flow, while effectively securing a premier Hermosa Beach development site at a significant discount to replacement and land value. According to the City, the property may accommodate the future construction of two...

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Home facts

  • Listing ID #:26844077
  • Added:68 day(s) ago
  • Updated:August 16, 2026 at 01:18 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:5
  • Full bathrooms:5
  • Kitchen Description:Refrigerator
  • Living area:3,200 sq. ft.

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Building area:3,200 sq. ft.
  • Lot area:0.18 Acres
  • Levels:1 Story

Finances and disclosures

  • Price:$2,450,000
  • Price per sq. ft.:$765.63

Features and amenities

  • Appliances:Disposal, Refrigerator

Parking

  • Parking description:Uncovered
Based on information from California Regional Multiple Listing Service, Inc. as of August 16, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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