$1,785,000
●
House -
Off Market
554 2nd Street
Hermosa Beach, CA 90254
3 Beds
1 Bath
936 Ft²
$8,962
Est. Monthly
About This Property
NOW DELIVERED VACANT! Welcome to 554 2nd Street in the coveted
Valley Section of Hermosa Beach! Located west of PCH and just above
the scenic green belt, this charming 3-bedroom home is brimming
with potential-ideal for enhancement, expansion, or redevelopment.
A dream for builders and developers, this property features a
spacious lot of over 4,000 sq. ft. with a 936 sq. ft. structure
that's rentable as-is. Enjoy a prime location just blocks from the
beach, situated between Redondo Pier and Hermosa Pier, with easy
access to shopping, dining, parks, nightlife, and more. It's also
within the highly rated Hermosa Beach Unified School District.
Don't miss this opportunity to make this Hermosa Beach gem your
own!
Unit Size
936 Ft²
Days on Market
140 days
Land Size
0.09 acres
Price per sqft
$1,950
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1961
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #SB25004088)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 28, 2025 | Sold | ||
| Sold | |||
| Apr 29, 2025 | In contract | - | |
| In contract | |||
| Jan 7, 2025 | Listed by Beach City Brokers | $1,825,000 | |
| Listed by Beach City Brokers | |||
| Jun 17, 2023 | No longer available | - | |
| No longer available | |||
| May 27, 2023 | In contract | - | |
| In contract | |||
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Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Hermosa Beach
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Listed by: Justin Thomas, Beach City Brokers
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SB25004088
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SB25004088
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