Welcome to 624 1st Place, a rare opportunity in the heart of Hermosa Beach offering exceptional versatility for homeowners, investors, and developers alike. Just moments from the sand, this unique property features a charming main residence plus a separate attached 1-bedroom, 1-bath unit complete with its own kitchenette - ideal for extended family, guests, or supplemental rental income. The flexible floor plan allows the option to live in the front home while generating income from the rear unit, currently estimated at approximately $2,500 per month. The existing layout also provides the opportunity to combine both spaces into one larger residence with approximately 1,436 square feet of living space. For those seeking future development potential, the property presents a rare chance to build two modern residences of approximately 2,900 square feet each in one of the South Bay's most sought-after coastal communities (buyer to verify with city). Currently tenant-occupied on month-to-month leases, the property offers immediate rental income and flexibility for future plans, with the front home generating $3,900 per month and the rear unit generating $2,500 per month. Beyond the property itself, enjoy the best of the Hermosa Beach lifestyle - close proximity to the beach, local shops, restaurants, parks, and award-winning schools, all within a vibrant coastal community conveniently located near everything Los Angeles has to offer. Whether you're searching for a primary residence, income-producing property, or future development project, this is an exceptional opportunity to maximize value in one of Southern California's most desirable beachside neighborhoods.