- 3 BR
- 2 BA
- 2,930 SqFt.
- 10,925 Lot
- $5,295,000
- Active
- DOM: 4
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.
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Property Details for 148 Monterey Boulevard
Listing Details
- Listing Advertised By
- Dave Fratello, Edge(310) 243-6299|
|
- Listing Presented By
- Rachelle Rosten
- Listing Brokered By
- Douglas Elliman
- Type
- Residential Income
- Year Built
- 1985 (Assessor)
- MLS Area
- 148 - Hermosa Bch Sand
Price and MLS Information
- Status
- Closed | Listing History
- MLS Days on Mkt.
- 69 DOM
- First Date Active
- March 28th, 2023
- Closing Date
- June 30th, 2023
- Sold Price
- $4,000,000
- Sold PPSF
- $764
- Orig. List Price
- $4,599,000
- MLS® #
- 23254503
- APN
- 4188016065
- Special
- Standard
Home Interior Information
- Bedrooms
- 10
- Total Baths
- 10
- Int. Sqft.
- 5,234
- Heating
- Wall Furnace
- Appliances
- Dryer, Washer
Room Information
- Laundry
- CommonArea, LaundryRoom
Exterior Information
- Lot Size (sq. ft.)
- 4,788
- Lot Size (acres)
- 0.11
- Parking Spaces
- 10
View, Style & Tour Information
- View
- Coastline, Ocean
- Style
- Contemporary
Additional Information
- Zoning
- HBR3YY
- Buyer's Brokerage Fee
- 2.500
- Co-Agent
- Kelly deLaat
- Co-Agent Office
- Douglas Elliman
* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.
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Neighborhood Information
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Listing/Price History
148 Monterey Boulevard, Hermosa Beach, (MLS® #23254503)
| Date | Details | Price | Change |
|---|---|---|---|
| Closed | $4,000,000 | – | |
| Active Under Contract (from Active) | – | – | |
| Price Reduced (from $4,199,000) | $3,999,000 | $200,000 (4.76%) | |
| Price Reduced | $4,199,000 | $400,000 (8.70%) | |
| First Day Active | $4,599,000 | – |
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Listing Summary
Quick Summary of 148 Monterey Boulevard: This 10 Bedroom/10 Bathroom home in Hermosa Beach is priced at $3,999,000 ($764/PSF) . The 5,234 sqft. residence was originally built in 1985 and was listed on March 28th, 2023 at $4,599,000, showing 69 Days on Market currently. Contact Dave Fratello today for more information or to go see 148 Monterey Boulevard.
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Based on information from California Regional Multiple Listing Service, Inc. as of May 2nd, 2024 at 1:56pm PDT. 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, 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.
