$2,800,000
$2,950,000
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546 Monterey BLVD Hermosa Beach, CA 90254
3,049 Sqft Lot
Key Details
Sold Price $2,800,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PV19133814
Sold Date 11/15/19
HOA Y/N No
Year Built 1972
Lot Size 3,049 Sqft
Acres 0.07
Property Description
3 Units MONTH TO MONTH AND 1 VACANCY: great option to buy as CA moves towards rent control! Reduced price on prime investment opportunity: 4 UNIT MULTIFAMILY building just a few blocks from the beach. OCEAN VIEWS from front units. Walking distance from downtown Hermosa. 4 two bedroom/1 bathroom apartments - easy to rent. Current tenants are on month-to-month basis. TWO COVERED/ENCLOSED PARKING SPACES for EACH UNIT! NEWLY RESTORED roof top deck and roof. Termite work just completed along with new exterior paint! Stainless appliances in the kitchens PLUS each unit has it's own stainless steel grill on the rooftop deck. This is a well maintained building - only the second owner (built 1972). Turnkey building steps from the sand. Common laundry room with coin-operated washer/dryer for additional revenue.
Location
State CA
County Los Angeles
Area 148 - Hermosa Bch Sand
Zoning HBR3YY
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Cooling None
Fireplaces Type None
Fireplace No
Appliance Barbecue, Dryer, Washer
Laundry Common Area
Exterior
Exterior Feature Barbecue
Garage Assigned
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Biking, Park, Street Lights, Sidewalks, Urban, Water Sports
Utilities Available Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Waterfront Description Ocean Side Of Highway
View Y/N Yes
View Peek-A-Boo
Roof Type Flat
Parking Type Assigned
Total Parking Spaces 8
Private Pool No
Building
Lot Description 16-20 Units/Acre
Faces West
Story Three Or More
Entry Level Three Or More
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Architectural Style Mid-Century Modern
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 4188019073
Security Features Smoke Detector(s)
Energy Description 300.0
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Michael Talbot • RE/MAX Estate Properties