1224 Corona ST
Hermosa Beach, CA, 90254
$2,795,000
6 Beds
5 Baths
3,200 SqFt
0.18 Acres
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MLS #26844081 image #0
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.

Property Details

Price:
$2,795,000
MLS #:
26844081
Status:
Active
Beds:
6
Baths:
5
Type:
Single Family
Neighborhood:
150hermosabcheast
Listed Date:
Jun 5, 2026
Finished Sq Ft:
3,200
Total Sq Ft:
3,200
Lot Size:
7,691 sqft / 0.18 acres (approx)
150 – Hermosa Bch East150hermosabcheast

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Schools

Interior

Appliances
GD, RF
Cooling
NO
Heating
WL
Levels
A

Exterior

Financial

Gross Operating Income
$129,725
Net Operating Income
$81,193

Map

Community

Market Summary

Current real estate data for Single Family in Hermosa Beach as of Jul 22, 2026
92
Single Family Listed
78
Avg DOM
836
Avg $ / SqFt
$2,437,242
Avg List Price

Property Summary

    1224 Corona ST Hermosa Beach CA is a Single Family for sale in Hermosa Beach, CA, 90254. It is listed for $2,795,000 and features 6 beds, 5 baths, and has approximately 3,200 square feet of living space.The current price per square foot is $873. The average price per square foot for Single Family listings in Hermosa Beach is $836. The average listing price for Single Family in Hermosa Beach is $2,437,242.

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