SOLD 06/30/2023
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Commercial sold for $4,000,000 in 95 days
148 Monterey Blvd Hermosa Beach, CA, 90254
Off the market Other
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
5,234 sqft interior area
View
Other, Ocean
Land area
4,788 sqft (0.11 acres)
Address
148 Monterey Blvd, Hermosa Beach, CA, 90254
City of California
Hermosa Beach
County
Los Angeles
Previous price
$4,199,000
Year Built
1985
District
Hermosa Bch Sand
Nearby major retailers
Costco
Walmart Neighborhood Market
Toyota
T-Mobile
Trader Joe's
Whole Foods Market
Wholesale: 2
Supermarket: 10
Car: 1
Mobile phone: 5
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Interior Features
—
Appliances
Dryer
Listed by
Rachelle Rosten, Douglas Elliman
Name
Rachelle Rosten
License number
01255977
Brokerage company
Douglas Elliman
MLS #
CL23254503
Buyer agent
Name
Alireza Saz
Brokerage company
Datashare CR Default Office Don't Delete
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Calculate your monthly payments
Mortgage
$12,281
Taxes
$0
HOA dues
$0
Mortgage
$800,000 / 20%
2.28%
30 years
Your amount
$12,281 / month
Lot details
TMK #4188016065
Parcel nr.
4188016065
90254 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90254
44%
Families with children
National average: 39%
39%
Non family households
282,931
Population
$142,268
Average Income
Age & gender
Median age 41 years
More info
Commute types
84% commute by car
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Education level
37% have bachelor education
More info
Number of employees
3% work in education and healthcare
More info
Vehicles available
46% have 2 vehicle
More info
Vehicles by gender
46% have 2 vehicle
More info
Housing market insights for
$2.03m
Neighborhood average
sales price*
sales price*
$1.65m
Neighborhood median
sales price*
sales price*
500
Number
of sales*
of sales*
Housing type
50% are single detacheds
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Rooms
37% of the houses have 4 or 5 rooms
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Bedrooms
61% have 2 or 3 bedrooms
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Owners vs Renters
54% are owners
More info
18.17 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Jun 30, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jun 30, 2023 | Sold | $4,000,000 | 0 | Public Record |
| Jun 30, 2023 | Price Decrease | $4,000,000 -13.02% | 0 | MLS #CL23254503 |
| Jun 5, 2023 | Under contract | $4,599,000 | 0 | MLS #CL23254503 |
| Mar 28, 2023 | New Listing | $4,599,000 | 0 | MLS #CL23254503 |
Taxes of 148 Monterey Blvd, Hermosa Beach, CA, 90254
HBR3 zoning / MLS #CL23254503
Zoning
HBR3
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Frequently Asked Questions about 148 Monterey Blvd
What is 148 Monterey Blvd?
148 Monterey Blvd is a Commercial/Industrial propertywith 5,234 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
148 Monterey Blvd, Hermosa Beach, CA, 90254.
What comparable properties are nearby?
Comparable nearby commercial properties include 908 Manhattan Ave, 1401 Hermosa Ave, 47 21st Ct, 512 N Pacific Coast Hwy, 1501 Aviation Blvd, 220 S Pacific Coast Hwy.
Based on information from the bridgeMLS as of 05-12-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Jun 30, 2023
Verhouse Last checked 2 minutes ago
The closest grocery stores are Smart & Final Plus, 0.38 miles away and Whole Foods Market, 0.64 miles away.
The 90254 zip area has a population of 282,931, and 44% of the families have children. The median age is 41.49 years and 84% commute by car. The most popular housing type is "single detached" and 54% is owner.
