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148 Monterey Boulevard

Hermosa Beach, 90254

10 Bd
10 Ba
5,234 Sqft
4,788 Lot
$4,000,000 SOLD Price | Closed 6/30/23
Closed Status
69 Days on Market
Mar 28 First Day Active
$4,599,000 Start Price

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|
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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

MLS Area
148 - Hermosa Bch Sand
City/State
Hermosa Beach
Zip Code
90254
County
Los Angeles
# of Units
5
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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 February 22nd, 2024 at 12:50pm PST. 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.