Date
Details
Price
Change
Source
3/06/2026
Listed
$2,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$2,250,000 Just Listed
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Property Description
1502 Palm Drive presents a rare 5-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 five units totaling approximately 2,088 square feet on a full 30' x 100' lot. The unit mix includes four studio apartments and one 2-bedroom, 1-bath detached cottage with its own private yard - an uncommon amenity this close to the beach.
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.
Full Property Details
Full Property Details for 1502 Palm Dr
General
- Price: $2,250,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SB26047833
- Updated: Today (3/6/2026)
- Added to Site: Today
Rooms
Other Rooms
- Laundry: Inside
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 2
- Parking Features: Assigned
- Parking: Assigned
Location
- Area: 148 - Hermosa Bch Sand
- County: Los Angeles
- Development Name: 148 - Hermosa Bch Sand
- Driving Directions: Palm Dr & 15th St
Heating & Cooling
- Cooling Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 3
- # Electric Meters: 3
Structural Information
- Entry Location: 1
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,088
- Year Built: 1913
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
Unit 5
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.0671
- Lot Size (Sq. Ft.): 2,922
- Lot Size Source: Assessor
- Lot Description: Yard
Financial Considerations
- Price Per Sq. Ft.: $1,077.59
- Price Per Unit: 450000
Listed by DOMO Real Estate, Ryan Bunke and DOMO Real Estate, Greg Geilman
We Value Your Privacy
We Value Your Privacy
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Listing agents
— 1502 Palm Dr —
Ryan Bunke
DOMO Real Estate
Greg Geilman
DOMO Real Estate
310-386-1723
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1502 Palm Dr
School District:Hermosa Beach City Elementary School District
| Name | Grades | Distance |
|---|---|---|
Hermosa Valley Elementary School 1645 Valley Drive, Hermosa Beach, CA 90254 | 5-8 | 0.2 mi |
Hermosa View Elementary School 1800 Prospect Avenue, Hermosa Beach, CA 90254 | K-1 | 0.6 mi |
Redondo Union High School One Sea Hawk Way, Redondo Beach, CA 90277 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1502 Palm Dr
Tax History
Tax History for 1502 Palm Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,890
7%
$450,406
4%
2023
$5,495
2%
$432,933
2%
2022
$5,396
-1%
$424,453
2%
2021
$5,444
1%
$416,138
1%
2020
$5,416
2%
$411,876
2%
2019
$5,313
4%
$403,428
2%
2018
$5,132
1%
$395,519
2%
2017
$5,092
5%
$387,765
2%
2016
$4,847
5%
$380,163
2%
2015
$4,623
4%
$374,454
2%
2014
$4,431
—
$367,120
—
2013
$4,415
—
$365,462
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1502 Palm Dr
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- Townhouse
- Active
- Updated 12 hours ago
- 4Beds
- 4Total Baths
- 2,701Sq. Ft.
- Condo
- Active
- Updated 16 hours ago
- 2Beds
- 2Total Baths
- 1,136Sq. Ft.
- Townhouse
- Active
- Updated 3 days ago
- 4Beds
- 5Total Baths
- 2,326Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 3Total Baths
- 2,185Sq. Ft.
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- Single Family
- Active
- Updated 10 hours ago
- 3Beds
- 1Total Bath
- 918Sq. Ft.
Listed by Malena Koki Bello (CalRE#: 02244223) (310) 404-1509 and Jane Angel (CalRE#: 01272591) (310) 292-2290
- Multi-Family
- Active
- Updated 2 days ago
- 3Total Beds
Listed by Jennifer Westbay (CalRE#: 02221413) (310) 739-7858 and Julie Lovett (CalRE#: 00803205) (310) 570-7593
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,908Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 3Total Baths
- 1,731Sq. Ft.
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- Townhouse
- Closed
- Updated 7 days ago
- 3Beds
- 3Total Baths
- 1,980Sq. Ft.
1502 Palm Drive, Hermosa Beach, CA 90254 (MLS# SB26047833) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 1502 Palm Drive is currently listed for $2,250,000 and was received on March 06, 2026. Want to learn more about 1502 Palm Drive? Do you have questions about finding other Multi-Family real estate for sale in Hermosa Beach? You can browse all Hermosa Beach real estate or contact a Coldwell Banker agent to request more information.