NOT LISTED FOR SALE

1536 Monterey Blvd Hermosa Beach, CA 90254

8 Beds
6 Baths
5,432 Sq Ft
4,995 Sq Ft Lot

Last Sold May 31, 2023

Last sale price $4,500,000 $828 Per Sq Ft

93 Days on Market

Highlights

  • Ocean View
  • Park
  • Bike Trail
  • Hermosa Valley Elementary School Rated A
  • Laundry Room
  • Wall Furnace

About This Home

As of May 2023

This trophy 6 unit building is in an A+ Location in the Heart of Hermosa Beach just North of Pier Ave., walking distance to many shops and restaurants.
Close Proximity to the Dining, Retail, & Entertainment Options of Pier Avenue, Hermosa Avenue, King Harbor, & the Hermosa Beach Pier. There are
(Two) 2-Bedroom/1-Bathroom Units & (Four) 1- Bedroom/1-Bathroom Units.2 of the units have been remodeled.1 of the units has been partially remodeled. There are 5.5 parking garage spaces. Ocean views from the second floor units.

Last Agent to Sell the Property

Brent Talbot

Estate Properties License #01272836 Listed on: 01/09/2023

Estate Properties

Last Buyer's Agent

William Joseph

Joseph Group License #01934991

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 4,995 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 5,432 Sq Ft Home
  • Ocean Views
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 10
  • Tax Tract Number 6210
  • Assessor Parcel Number 4183017013

Community Details

Recreation

  • Park
  • Dog Park
  • Bike Trail

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,832
  • Trash Expense $636
  • Water Sewer Expense $2,952
  • New Taxes Expense $62,500
  • Operating Expense $70,920
  • Gross Income $214,100
  • Net Operating Income $143,180

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Parking

5

Listing Details

  • Price Per Unit: 791667
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 2952.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 4183017013
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 828.42

Exterior Features

  • View: Ocean
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 636.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Dog Park, Park, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 4995.00
  • Lot Size Acres: 0.1147

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 214100.00
  • Gross Scheduled Income: 214100.00
  • Insurance Expense: 4832.00
  • Laundry Income: 500.00
  • Lot Size Area: 4995.0000 Square Feet
  • Net Operating Income: 143180.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 70920.00
  • Rent Control: No
  • Total Actual Rent: 17800.00
  • Total Expenses: 70920.00

Tax Info

  • New Taxes Expense: 62500.00
  • Tax Lot: 10
  • Tax Tract Number: 6210

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2023 05/31/23 Sold $4,500,000 -5.3% $828 / Sq Ft
04/13/2023 04/13/23 Pending -- -- --
03/09/2023 03/09/23 Price Changed $4,750,000 -5.0% $874 / Sq Ft
01/09/2023 01/09/23 For Sale $4,999,999 -- $920 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brent Talbot

    Seller's Agent in 2023

    Brent Talbot

    RE/MAX

    (310) 780-1631

    3 in this area

    42 Total Sales

    Section Image
  • William Joseph

    Buyer's Agent in 2023

    William Joseph

    Joseph Group

    (310) 415-4655

    30 in this area

    72 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23003200

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Hermosa Beach 90254

1536 Monterey Blvd, Hermosa Beach, CA

This home is located at 1536 Monterey Blvd, Hermosa Beach, CA 90254 since 09 January 2023. This property was built in 1952. 1536 Monterey Blvd is a home located in Los Angeles County with nearby schools including Hermosa Valley Elementary School, Hermosa View Elementary School, and Our Lady of Guadalupe School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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