Est. cap rate

1.4%

Assumed rent, all units

$10,800/mo

Units

2

Price per unit

$2,379,500

Est. annual NOI

$64,800

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

6

Bathrooms

6

Building size

3,328 sqft

Lot size

6,251 sqft

Year built

2013

Stories

2

Garage spaces

2

Style

Craftsman

Heating

Central

Cooling

None

Pool

None

View

Neighborhood

Status

Active

Days on market

187

MLS #

240630402

About this property

Coastal Living, Redefined — Two Distinct Homes in the Coveted Sand Section of North Hermosa Beach. An exceptional opportunity awaits just steps from the sand, Valley Park, and the vibrant energy of Pier Avenue. Situated on an expansive 6,251 sq ft lot in one of the most desirable pockets of North Hermosa Beach, this unique property features two beautifully crafted residences — a custom contemporary craftsman main home designed by the late Stan Anderson, and a charming mid-century modern back house offering privacy and versatility. The main home, built in 2013, showcases refined coastal style and offers 2,128 square feet of living space with 3 bedrooms, an office, two full bathrooms, and two half baths. Solid wood flooring, curated designer furnishings, and thoughtful architectural touches create a warm and elevated atmosphere throughout. The sun-drenched great room on the second level boasts vaulted ceilings, a cozy fireplace, and custom tri-fold doors that open to an expansive balcony — ideal for effortless indoor-outdoor living. The chef’s kitchen is a showstopper, featuring black soapstone countertops, a large island, custom cabinetry, luxury appliances, and a walk-in pantry. Off the living room is a small private office full of natural light. The serene primary suite offers a private retreat with a wrap-around balcony, spacious walk-in closet, and spa-like bathroom complete with heated floors, a soaking tub, and dual vanities. Downstairs, two additional bedrooms share a full bath and are anchored by a cozy den and built-ins, while the private backyard oasis is perfect for relaxing or entertaining under string lights by the fire pit. The two-car garage has ample storage and option to add EV charging. There’s additional two-car parking in the driveway. The back house, built in 1957, is a beautifully maintained 3-bedroom, 2-bath mid-century modern gem offering approximately 1,200 sq ft of living space. Enjoy the tranquility of a 1,500 sq ft private patio, your own laundry area, and dedicated off-street parking for two cars. With its own private walkway to the back house and ample separation from the main house, this is an ideal setup for extended family, guests, or rental income. A rare find in Hermosa Beach, this exceptional property blends timeless architecture, modern luxury, and a premier coastal location — creating the ultimate beachside lifestyle. *Property is also for lease.

Location

521 24th Place

Hermosa Beach, Los Angeles, CA, 90254