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.
Features
: Wall Furnace
: Ocean, Coastline
: 10.00
0
: Individual Room, Dryer Included, Washer Included, Community
: No Common Walls
0
CLW-X98252
2
0
: Contemporary
Address Map
Monterey
148
Boulevard
5104
0
W119° 36' 15.2''
N33° 51' 17.5''
MLS Addon
Douglas Elliman
$0
HBR3YY
4,788 Sqft
Rosten
01255977
: Standard
CLW-X80715
Rachelle
West of Pacific Coast Highway, South of 2nd Street.
40x119
148 - Hermosa Bch Sand
4188016065
01947727
$0
0
Residential Income Sold
148 Monterey Boulevard, Hermosa Beach, California 90254
0.11 Sqft
$3,999,000
Listing ID #23254503
Basic Details
Property Type : Residential Income
Listing Type : Sold
Listing ID : 23254503
List Price : $3,999,000
Year Built : 1985
Lot Area : 0.11 Sqft
Country : US
State : California
County : Los Angeles
City : Hermosa Beach
Zipcode : 90254
Close Price : $4,000,000
Status : Closed
Property Type : Single Family Residence
Price Per Square Foot : $764
Days on Market : 69