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148 Monterey Blvd Hermosa Beach, CA 90254
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Key Details
Sold Price $4,000,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,234 sqft
Price per Sqft $764
MLS Listing ID 23-254503
Sold Date 06/30/23
Style Contemporary
Bedrooms 10
Year Built 1985
Lot Size 4,788 Sqft
Acres 0.1099
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 Hermosa Beach Sand
Zoning HBR3YY
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall Unit(s)
Equipment Washer, Dryer
Laundry Community, Room
Exterior
Parking Features Garage Is Attached
Garage Spaces 10.0
View Y/N Yes
View Ocean, Coastline
Building
Story 2
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Saz Realty