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    113 Monterey Boulevard

    Hermosa Beach, CA 90254
    • $3,650,000
    • STATUS: ACTIVE
    • ON SITE: 87 days
    • ID#: 302953475
    Price Reduced
    UPDATED: 6 min ago
    $3,650,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1969
    County:

    School Ratings & Info

    Description

    113 Monterey Blvd is a turnkey 4-unit building located in the highly sought-after Sand Section of Hermosa Beach. The building was built in 1969 and consists of 3,288 SF of living space situated on a 2,999 SF lot. 113 Monterey Boulevard offers a great unit mix consisting of (3) 2-bed/2-bath units & (1) 1-bed/1-bath unit and has been recently renovated with top-of-the-line upgrades. The property also features an on-site laundry facility and (7) total parking spaces - (2) two-car garages & (3) tandem parking 113 Monterey Blvd is a turnkey 4-unit building located in the highly sought-after Sand Section of Hermosa Beach. The building was built in 1969 and consists of 3,288 SF of living space situated on a 2,999 SF lot. 113 Monterey Boulevard offers a great unit mix consisting of (3) 2-bed/2-bath units & (1) 1-bed/1-bath unit and has been recently renovated with top-of-the-line upgrades. The property also features an on-site laundry facility and (7) total parking spaces - (2) two-car garages & (3) tandem parking spaces. Located just steps from The Strand in one of the most desirable rental markets in California, this is a perfect opportunity for a yield-focused investor looking to purchase an A+ asset.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.talechia.com/homes/111391646
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    113 Monterey Boulevard Hermosa Beach, CA 90254

    • Price: $3,650,000
    • Status: ACTIVE
    • Updated: 6 min ago
    • ID#: 302953475
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    1969
    Built
    Neighborhood:
    Hermosa Beach (90254)
    County:
    Los Angeles
    Area:
    Hermosa Beach (90254)
    Property Description
    113 Monterey Blvd is a turnkey 4-unit building located in the highly sought-after Sand Section of Hermosa Beach. The building was built in 1969 and consists of 3,288 SF of living space situated on a 2,999 SF lot. 113 Monterey Boulevard offers a great unit mix consisting of (3) 2-bed/2-bath units & (1) 1-bed/1-bath unit and has been recently renovated with top-of-the-line upgrades. The property also features an on-site laundry facility and (7) total parking spaces - (2) two-car garages & (3) tandem parking 113 Monterey Blvd is a turnkey 4-unit building located in the highly sought-after Sand Section of Hermosa Beach. The building was built in 1969 and consists of 3,288 SF of living space situated on a 2,999 SF lot. 113 Monterey Boulevard offers a great unit mix consisting of (3) 2-bed/2-bath units & (1) 1-bed/1-bath unit and has been recently renovated with top-of-the-line upgrades. The property also features an on-site laundry facility and (7) total parking spaces - (2) two-car garages & (3) tandem parking spaces. Located just steps from The Strand in one of the most desirable rental markets in California, this is a perfect opportunity for a yield-focused investor looking to purchase an A+ asset.
    Exterior Features

    Pool N/K Site Sidewalks

    Property Features

    Actual Cap Rate 3.53 Annual Expense Actual 50323 Buildings 1 Gross Rent Multiplier Actual 19.75 Gross Scheduled Income Actual 184800 Zoning Assessor

    Listing provided courtesy of Lyon Stahl Investment Real Estate, Inc.. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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