69
Map
959 2nd
About This Property
The heart of the home resides on the second floor, featuring a seamless flow between the sleek kitchen and the expansive living area-perfect for entertaining. On this level, you will find two bright bedrooms sharing a well-appointed bathroom. The lower level offers two additional bedrooms and a shared bath, along with a convenient laundry closet.
There are multiple places from which to glimpse the ocean, including the living room, front balcony, primary bedroom balcony and the expansive rooftop deck which offers 360-degree panoramic views including the coastline from Malibu to PV.
Adding incredible value is the fully permitted, 724 square feet, 2-bedroom, 2-bathroom ADU. Complete with its own separate entrance and separate electric meters, this secondary unit is perfect for multi-generational living, a high-end home office, or potential rental income. Located just moments from the beach, world-class dining, and the vibrant Hermosa Pier, this rare find offers both the timeless appeal of life by the sea and investment potential.
Listing contains AI generated virtual staging that does not represent what is currently inside the home.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 4, 2026 | Sold | ||
| Sold | |||
| Jun 9, 2026 | In contract | - | |
| In contract | |||
| May 23, 2026 | Price Decreased |
$2,799,000
↓ $100K
(3.5%) | |
| Price Decreased | |||
| Apr 29, 2026 | Listed by Live By The Beach, Inc. | $2,899,000 | |
| Listed by Live By The Beach, Inc. | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
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About Hermosa Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017