1502 Palm Drive | MLS #SB26047833 | RE/MAX California & Hawaii
  • Office Phone - 209.239.7653
  • Direct - 209.253.3292

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  • 116 days on site
  • 8 views

1 UNIT DELIVERED VACANT! 1502 Palm Drive presents a rare 4-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 “Walker’s Paradise” Walk Score with easy access to some of the area’s most popular local spots including the The Comedy & Magic Club, Ryla, and Baja Sharkeez. The property consists of four units totaling approximately 2,088 square feet on a full 30’ x 100’ lot. The unit mix includes two studio apartments and a detached cottage with a private yard and two 1-bed/1-bath units. 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.

Source: CRMLS, MLS#: SB26047833

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  • Property Type
    Residential Income
  • Lot
    0.07 acres

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Inmar Barrera

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 1502 Palm Drive

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/20/2026Source: CRMLS Price Reduction
$1,995,000 -7.2%
4/28/2026Source: CRMLS Price Reduction
$2,149,500 -0.0%
4/23/2026Source: CRMLS Price Reduction
$2,149,999 -4.4%
4/20/2026Source: CRMLS Price Reduction
$2,249,999 -0.0%
3/26/2026Source: CRMLS Status Change
Active
3/19/2026Source: CRMLS Status Change
Pending
3/6/2026Source: CRMLS Added to Database
March 06, 2026
Listing provided courtesy of DOMO Real EstateRyan Bunke- MLS# SB26047833MLS ProviderContact Information: [email protected] - 310-818-7403