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1502 Palm Drive, 
Hermosa Beach, CA 90254

$2,250,000

—

Bed

4

Baths

-

Sq Ft

Multi-Family

Active

Listed by

Ryan Bunke

, 

Greg Geilman

Domo Real Estate

Last updated:

March 7, 2026, 03:31 PM

MLS#

SB26047833

Source:

San Diego MLS via CRMLS

About This Home

1502 Palm Drive

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 Walkers Paradise Walk Score with easy access to some of the areas 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 four studio apartments and one 2-bedroom, 1-bath detached cottage with its own private yard - an uncommon amenity this close to the beach. 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.

Home Facts

Multi-Family

4 Baths

Price Summary

2,250,000

MLS #:

SB26047833

Last Updated:

March 7, 2026, 03:31 PM

Rooms & Interior

Bathrooms

Total Bathrooms:

4

Finances & Disclosures

Finances

Price:

$2,250,000

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.