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148 Monterey Blvd, Hermosa Beach, CA 90254
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148 Monterey Blvd Hermosa Beach, CA 90254

$4,000,000 Sold Price as of 06/30/2023
  • 10 Beds
  • 10 Baths
  • 5,234 Sq.Ft.
Sold
$4,000,000 Sold Price as of 06/30/2023 Refinance Your Mortgage
Map preview of 148 Monterey Blvd, Hermosa Beach, CA 90254

Property Overview: 148 Monterey Blvd Hermosa Beach, CA has 10 bedrooms, 10 bathrooms, 5,234 living square feet and 4,788 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Rachelle Rosten | BRE #01255977 | Douglas Elliman
Co-listed by Kelly deLaat | BRE #01249748 | Douglas Elliman
Last checked: 4 minutes ago | Last updated: March 23rd, 2024 | Source CRMLS | DOM: 69

Home details

Lot Sq. Ft
4,788
HOA Dues
$0/mo
Year built
1985
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23254503
City
Hermosa Beach
County
Los Angeles
Time on Site
387 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $4,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,935
  • Total Rent: $2,935
  • Pro Forma/Market Rent: $4,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,885
  • Total Rent: $2,885
  • Pro Forma/Market Rent: $4,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,935
  • Total Rent: $2,935
  • Pro Forma/Market Rent: $4,750
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,795
  • Total Rent: $2,795
  • Pro Forma/Market Rent: $4,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 26
  • Gross Scheduled Income: --
  • Net Operating Income: $137,254
  • Gross Operating Income: $177,000
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 148 Monterey Blvd

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Community, Individual Room
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Ocean, Coastline
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 4188016065
  • Year Built Source: Assessor
  • Architectural Style: Contemporary
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: West of Pacific Coast Highway, South of 2nd Street.
View more facts & features

Local Hermosa Beach Agent

Sale History for 148 Monterey Blvd

Last sold for $4,000,000 on June 30th, 2023

  • March, 2024

  • Mar 23, 2024

    Date

    Withdrawn

    CRMLS: PW24042099

    $4,500

    Price

  • Feb 29, 2024

    Date

    Active

    CRMLS: PW24042099

    $4,500

    Price

  • Listing provided courtesy of CRMLS

    Epitome of beach living! A must see gem with peek-a-boo ocean view terrace in Hermosa Beach. Well located. Close proximity to beach, pier, hiking trails, dining, shopping, and entertainment. Great schools. Recently renovated, new kitchen, new baths, new paint and flooring. 2 bedroom, 2 bath. Rare random 2 car garage. Rooftop sundeck with ocean view. On property washer/Dryer room. Owner pays foe water and trash. Small pets, under 20 lbs. are welcome.

  • January, 2024

  • Jan 28, 2024

    Date

    Canceled

    CRMLS: PW23200317

    $3,995

    Price

  • Oct 26, 2023

    Date

    Active

    CRMLS: PW23200317

    $4,700

    Price

  • Listing provided courtesy of CRMLS

    Epitome of beach living! A must see gem in Hermosa beach. Well located. Close proximity to beach, pier, hiking trails, dining, shopping, and entertainment. Great schools. Recently, renovated new kitchen, new baths, new paint and flooring. 2 level, 2 bedroom, 2 bath (1 bed and 1 bath on first floor), with extremely rare 2 car tandem garage and 1 guest parking spot. Rooftop sundeck with ocean view. On property washer/dryer room. Owner pays for water and trash, small pets are welcome (up to 20 lbs. with pet deposit and owner approval).

  • June, 2023

  • Jun 30, 2023

    Date

    Sold

    CRMLS: 23254503

    $4,000,000

    Price

  • Mar 28, 2023

    Date

    Active

    CRMLS: 23254503

    $4,599,000

    Price

Show More

Tax History for 148 Monterey Blvd

Assessed Value (2020): $1,303,202
Year Land Value Improved Value Assessed Value
2020 $410,591 $892,611 $1,303,202

Home Value Compared to the Market

This property vs the competition

148 Monterey Blvd sold on June 30, 2023 for 97.48% higher than the current median sold price for the city of Hermosa Beach which is $2,025,000. The median sold price per/sqft for Hermosa Beach is $1,129 and this home is sold at $764.04 per/sqft which puts the price per square foot 32.33% lower than the current median sale per square foot for the city of Hermosa Beach.

About 148 Monterey Blvd

Detailed summary of property

148 Monterey Blvd is a multi family that recently sold in Hermosa Beach, CA 90254. This multi family property offered 10 bedrooms, 10 bathrooms, roughly 5,234 living square feet, and sits on an approximately 4,788 square foot lot. 148 Monterey Blvd was first listed on ArdentRealEstateGroup.com on March 28, 2023. The homeowner sold the property for $4,000,000. Home in Hermosa Beach are selling for a median price of $2,025,000 and a median price per square foot of $1,129. Based on Ardent Real Estate Group's Hermosa Beach Market Data, this home is sold 97.48% higher than the current median priced home. Local homes that are currently for sale include 3766 S Canfield Ave, 3344 Keystone Ave and 11340 National Blvd. While the average home in Hermosa Beach, CA is selling in 83 days, 148 Monterey Blvd has a days on market of 69 days. There are currently 50 homes for sale in the Hermosa Beach real estate market and 33 of them are single family homes while 7 of them are condos and 10 are townhomes. For more information on this home for sale at 148 Monterey Blvd Hermosa Beach, CA 90254 contact Ardent Real Estate Group and we will put you in touch with one of our Hermosa Beach agents.

Public Facts for 148 Monterey Blvd

Public county record property details
Beds
10
Baths
10
Year built
1985
Sq. Ft.
5,234
Lot Size
4,787
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
4188-016-065

The source for these homes facts are from public records.

90254 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$3,699,000
Median List Price/Sq.Ft.
$1,407
Median Sold Price
$2,025,000
Median Sold Price/Sq.Ft.
$1,129
Total Inventory
47
Median Sale to List Price %
101.5%
Avg Days on Market
23
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (8.33%), Other (33.33%)

Thinking of Selling?

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Related Resources to 148 Monterey Blvd

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Other Hermosa Beach Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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