I lived in the Redondo/Hermosa area for years, so I am intimately familiar with that particular part of town.

There is an explosion in Public/Private investment in the waterfront, SpaceX is moving to town, and the area is catching all the overflow from the south bay communities of Redondo/Hermosa/Manhattan.

Hermosa and Manhattan Beach: Gorgeous communities with a lot of cool things, walkable, amazing schools, great restaurants, and close to all the good stuff in the South Bay and West LA.

She was using an ADU to built a larger custom home on a small lot in Hermosa Beach.

Also investing in Redondo/Hermosa/Torrance/Hawthorne area.

I'm just up in Venice too...I occasionally ride my bike to Redondo and I have friends in Hermosa.

Beyond what Chris mentioned to getting a good deal to make this fourplex in Northridge area work is that with FHA you also have the self sufficiency rule and in my experience only fourplexes that have gross rents of .90% relative to the sales price or acquisition price have worked with FHA.This means your 1.7 fourplex would need to rent for .90% or $ 15,300 per month or $3825 per unit in order for your FHA financing to go through.This is mainly why I havent done many FHA 3-4 units (SS rule only applies to 3-4 units on FHA) in Orange county/Los Angeles/San Diego except back in 2010-2012 when rent to price ratios were more in line with .90%.You could often find .90% to meet the SS rule in santa ana, riverside, banning, san bernardino, ontario, maybe in the valley by victorville/apple valley/hesperia and other places where things can tend to be a bit more depressed.Nowadays even a wholesale deal in a prime market like huntington beach or hermosa beach probably wont work (fourplex is probably 1.6 -2.0 M and wholesale deal is probably 1.3-1.5M) and if it did work it would be a unicorn of sorts and you would be a very lucky individual indeed.

Used to spend some time on the Hermosa Pier, fun fun!

They got her an apartment in Hermosa Beach and her car is out there.  

For example Logan Square borders Hermosa.