Sold
148 Monterey Boulevard
Hermosa Beach CA, 90254
$4,000,000
$764.23 per sqft
Sold
10 Beds
10 Baths
5,234 sqft
Residential
Built in 1985
Listed by Rachelle Rosten with Douglas Elliman 310-595-3888
Excellent value-add potential for this Hermosa Beach 5-unit trophy property well located moments to the beach! Built in 1985, this two-story 5,234 square foot building features all 2-bedroom 2-bathroom large scale units and a common area rooftop sundeck with ocean views. There is parking on site for 10 cars (2 per unit) as well as on site laundry. With the ideal location in a high-growth city, stable revenues, full occupancy and strong rental upside, this is a great opportunity to improve a premium asset for any Beach Cities investor. Tenants enjoy close proximity to the sand, Pier, hiking trails, dining, shopping and entertainment. Trust sale.
23254503
MLSⓇ ID
March 28, 2023
Listed
March 23, 2024
Updated
Map
148 Monterey Boulevard
Hermosa Beach CA, 90254
Interior Features
Total Stories
2
Bedrooms
10 Beds
Bathrooms
10 Baths
Appliances
Dryer, Washer
Laundry Description
Common Area, Laundry Room
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.11 Acres
Architectual Style
Contemporary
Other Property Details
Area Name
148 - Hermosa Bch Sand
Days on Market
69
Garage
Yes
Parking Total
10
View
Yes
View Description
Coastline, Ocean
County
Los Angeles
Pool
No
Zoning
HBR3YY
Buyer Agency Compensation
2.5%
Listing Contact: 310-595-3888
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:29 AM UTC