Est. cap rate

1.9%

Assumed rent, all units

$12,020/mo

Units

2

Price per unit

$1,897,500

Est. annual NOI

$72,120

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

8

Bathrooms

6

Building size

4,373 sqft

Lot size

4,363 sqft

Year built

1989

Stories

3

Garage spaces

6

Heating

Central

Cooling

None

Pool

None

View

Coastline,Ocean,City Lights,Peek-A-Boo

Status

Active

Days on market

49

MLS #

241424082

About this property

Rare Two Luxury Residences on One Lot – Live in One, Rent the Other! $3,995,000 Discover an exceptional opportunity at 456–458 Ocean View Avenue in the desirable Hills section of Hermosa Beach. This property features two fully detached luxury residences on a single 4,363 sq ft lot, offering ~4,373 sq ft of sophisticated living with panoramic ocean views from both homes. Just moments from the iconic Pier, The Strand, pristine beaches, shops, and restaurants. In a market where the median sold price per square foot is ~$1,120 (and often $1,200–$1,600+ for ocean-view properties), these two turnkey luxury residences deliver outstanding value at only ~$914/sq ft — like acquiring two premium coastal homes for the price of one. Front Residence – 456 Ocean View Ave (~1,843–1,900 sq ft) 3 bedrooms, 2.5 baths with a bright traditional floor plan, wide-plank white oak flooring, Caesarstone slab counters, custom cabinetry, stainless steel appliances, renovated baths with frameless showers, ocean-view balconies, vaulted ceilings, and a 2-car garage plus apron parking. Move-in ready and ideal as your primary home. Rear Residence – 458 Ocean View Ave (~2,530 sq ft) 5 bedrooms, 3.5 baths featuring a coveted reverse floor plan that maximizes stunning ocean views from the main living level. Enjoy the same high-end finishes, walk-in closets, fully renovated baths, and a massive 4-car garage. Perfect for extended family, guests, or premium rental income. Total: 8 beds, 7 baths, 6-car parking, two independent residences built in 1989 and meticulously renovated. Tenants cover all utilities — landlord responsible only for taxes and insurance. Live the Ultimate Hermosa Lifestyle Imagine waking to ocean breezes and Pacific sunsets, then enjoying a morning surf, pier stroll, or beach yoga. This rare setup lets you live luxuriously in one residence while generating income from the other. Whether for multi-generational living, a private coastal compound, or savvy owner-user flexibility, the possibilities are endless in one of the South Bay’s most vibrant communities. These two luxury residences on one lot stand out for their size, views, parking, condition, and unbeatable price per square foot. A true market opportunity you won’t find duplicated. Schedule your private tour today!

Location

456 Ocean View

Hermosa Beach, Los Angeles, CA, 90254