$4,000,000
$3,999,000
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148 Monterey BLVD Hermosa Beach, CA 90254
10 Beds
10 Baths
5,234 SqFt
Key Details
Sold Price $4,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,234 sqft
Price per Sqft $764
MLS Listing ID 23254503
Sold Date 06/30/23
Bedrooms 10
HOA Y/N No
Year Built 1985
Lot Size 4,787 Sqft
Lot Dimensions Assessor
Property Description
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.
Location
State CA
County Los Angeles
Area 148 - Hermosa Bch Sand
Zoning HBR3YY
Rooms
Ensuite Laundry Common Area, Laundry Room
Interior
Laundry Location Common Area,Laundry Room
Heating Wall Furnace
Fireplace No
Appliance Dryer, Washer
Laundry Common Area, Laundry Room
Exterior
View Y/N Yes
View Coastline, Ocean
Attached Garage Yes
Total Parking Spaces 10
Building
Story 2
Architectural Style Contemporary
New Construction No
Others
Senior Community No
Tax ID 4188016065
Special Listing Condition Standard
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Bought with Alireza Saz • Saz Realty