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Key Details
Sold Price $7,700,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PV25155230
Sold Date 08/28/25
Bedrooms 20
Property Sub-Type Res Income 2-4 Units
Property 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
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Bought with Steven Mullins Vista Sotheby’s International Realty
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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