1502 Palm Drive presents a rare 5-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 five units totaling approximately 2,088 square feet on a full 30’ x 100’ lot. The unit mix includes three 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.
The property consists of five units totaling approximately 2,088 square feet on a full 30’ x 100’ lot. The unit mix includes three 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.
Property Details
Price:
$2,250,000
MLS #:
SB26047833
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
148hermosabchsand
Listed Date:
Mar 26, 2026
Total Sq Ft:
2,088
Lot Size:
2,922 sqft / 0.07 acres (approx)
Year Built:
1913
See this Listing
Schools
Interior
Cooling
NO
Laundry Features
IN
Levels
A
Exterior
Common Walls
NCW
Community Features
SDW, SL, CRB, WATE, BIKI
Garage Spaces
2
Parking Spots
2
Parking Total
2
Financial
Maintenance Fee
$2,158
Map
Community
- Address1502 Palm DR Hermosa Beach CA
- CityHermosa Beach
- CountyLos Angeles
- Zip Code90254
Market Summary
Current real estate data for Single Family in Hermosa Beach as of Apr 05, 2026
84
Single Family Listed
64
Avg DOM
704
Avg $ / SqFt
$2,374,789
Avg List Price
Property Summary
- 1502 Palm DR Hermosa Beach CA is a Single Family for sale in Hermosa Beach, CA, 90254. It is listed for $2,250,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1913. The average price per square foot for Single Family listings in Hermosa Beach is $704. The average listing price for Single Family in Hermosa Beach is $2,374,789.
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Courtesy of DOMO Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.1502 Palm DR
Hermosa Beach, CA