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Listed by Lynn Lord • Estate Properties
$9,000,000
Est. payment /mo
8,013 Sqft Lot
Pending
1535 Monterey BLD Hermosa Beach, CA 90254
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Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRPV25155230
Year Built 1949
Lot Size 8,013 Sqft
Source California Regional MLS
Property Description
Prime Beachside Investment Opportunity - 1535 & 1539 Monterey Blvd, Hermosa Beach. NO LOCAL RENT CONTROL. Offered for sale are two sister buildings ideally located just blocks from the sand in beautiful Hermosa Beach. Situated on separate parcels-APNs 4183-013-018 and 4183-013-017-this rare offering includes four apartment buildings totaling 18 units. Each parcel contains 9 units, for a combined unit mix of: 4 Studios 8 One-Bedroom, One-Bath Units 6 Two-Bedroom, One-Bath Units Buildings square footage 5,588 per parcel and lot sizes are 4,019 and 3,994. This highly desirable coastal location is approximately a 16-minute drive to Los Angeles International Airport and offers residents a quintessential Southern California lifestyle. Located near the intersection of Monterey Blvd and 16th Street, the property enjoys strong street presence and is nestled in a vibrant, walkable neighborhood just moments from the beach, shops, restaurants, and local amenities. The surrounding area is considered a walker's paradise. The buildings have been well maintained, with exterior curb appeal that reflects pride of ownership. With a strong unit mix, an unbeatable beachside location, and long-term investment potential, this offering presents a unique opportunity for investors
Location
State CA
County Los Angeles
Area 149 - Hermosa Bch Valley
Interior
Heating Wall Furnace
Cooling None
Laundry In Laundry Room, Community Facility
Exterior
Parking Features Garage
Garage Spaces 6.0
Pool 31, None
View Local/Neighborhood, Ocean, 30
Building
Story One Story
Water District - Public
Others
Tax ID 4183013018
Special Listing Condition Not Applicable
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