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$ 9,000,000
Est. payment | /mo
20 Beds
18 Baths
$ 9,000,000
Est. payment | /mo
20 Beds
18 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PV25155230
Bedrooms 20
Property Sub-Type Res Income 2-4 Units
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 parcelsAPNs 4183-013-018 and 4183-013-017this 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 walkers 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 seeking stable income in a prime coastal market.
Location
State CA
County Los Angeles
Zoning Assessor
Direction 16th and Monterey
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
HOA Fee Include Exterior (Landscaping)
Tax ID 4183013018
Virtual Tour https://tour.caimagemaker.com/l/?id=183042
Listed by Lynn Lord Estate Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "