1535 Monterey Blvd Hermosa Beach, CA 90254
Estimated payment $58,849/month
Total Views
27,301
20
Beds
18
Baths
5,588
Sq Ft
$1,611
Price per Sq Ft
Highlights
- Hot Property
- Ocean View
- Corner Lot
- Hermosa Valley Elementary School Rated A
- Fireplace in Kitchen
- 4-minute walk to Noble Park
About This Home
Prime Beachside Investment Opportunity – 1535 & 1539 Monterey Blvd, Hermosa Beach.
Offered for sale are two sister buildings ideally located just blocks from the sand in beautiful Hermosa Beach. Situated on separate parcels—APNs 4183-013-018 and 4183-013-017—this rare offering includes four apartment buildings totaling 18 units. Each parcel contains 8 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 walker’s 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.
Listing Agent
Estate Properties Brokerage Phone: 310-493-7016 License #00932611 Listed on: 07/10/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949
Lot Details
- 4,019 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
Parking
- 6 Car Garage
- Parking Available
Property Views
- Ocean
- Peek-A-Boo
- Neighborhood
Home Design
- Apartment
- Turnkey
Interior Spaces
- 5,588 Sq Ft Home
- 2-Story Property
- Awning
- Living Room with Fireplace
- Fireplace in Kitchen
- Laundry Room
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 20 Bedrooms
- 18 Bathrooms
Utilities
- Wall Furnace
- Electricity on Bond
- Natural Gas Connected
Additional Features
- No Interior Steps
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 20 / 49
- Tax Tract Number 621
- Assessor Parcel Number 4183013018
- Seller Considering Concessions
Community Details
Overview
- 4 Buildings
- 18 Units
- Maintained Community
Amenities
- Laundry Facilities
Building Details
- 18 Leased Units
- 18 Separate Electric Meters
- 18 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $12,000
- New Taxes Expense $112,500
- Operating Expense $141,183
- Gross Income $403,380
- Net Operating Income $246,062
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | For Sale | $9,000,000 | -- | $1,611 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
About the Listing Agent
DRE# 00932611
Who we are:
A leading South Bay real estate agent and a team that handles a wide range of services to buyers and sellers:
- Local Realtor with an International presence and 30 years of Real Estate - Experience in the South Bay and Palos Verdes.
- Adherence to a Code of Ethics provides the ultimate level of professionalism.
- Successfully negotiated over 1,900 property sale transactions.
- Represent and articulate the strength of our position as a buyer or
Lynn's Other Listings
-
$489,000 Sold Dec 12, 2024
- 1 Bed
- 1 Bath
- 659 Sq Ft
- 3602 W Estates Ln
- Unit 107
- Rolling Hills Estates, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PV25155230
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.
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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