An exceptional opportunity to acquire a multi-unit property in one of Hermosa Beach’s most desirable locations, just a short distance to the beach and moments from the energy of Pier Avenue. Situated on a 31x100 square foot street to street lot - 518 Bayview Drive and 519 Monterey Boulevard - the property records reflect a triplex but the property is currently configured with 5 separate units, offering immediate rental income with meaningful upside through repositioning and renovation. The unit mix consists of two 2 bedroom 1 bath units, one 1 bedroom unit and two studios. Two of the units have been updated, including a recently improved upper unit with modern finishes and interior laundry, while others present a clear opportunity to enhance and capture stronger market rents. One unit is a separate studio that is currently vacant and ready for improvement, further adding to the potential. Set on a sought-after street surrounded by newer and extensively updated homes, the value here is driven as much by the location and lot as it is by the existing improvements. For investors, developers, or owner-users seeking flexibility and long-term potential, the property offers multiple paths forward. With close proximity to the Strand, local dining, shops, and the Hermosa Beach lifestyle, this is a rare chance to secure a well-located asset with both current income and future upside.