148 Monterey Boulevard, Hermosa Beach, CA 90254
Property
Sold June 2023
Listing Agent: Rachelle Rosten (DRE #01255977) · Listing Office: Douglas Elliman · Contact: 310-595-3888 · Bought with: Alireza Saz · Saz Realty · MLS #23254503 · Source: CRMLS
About this property
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.
Listing description from the June 2023 sale, as reported to CRMLS.
Sale history