Properties

546 Monterey Boulevard
Hermosa Beach, California CA 90254-4544
$2,950,000 Price
Active Under Contract Status
3,360 SqFt
0.072 Acres
PV19133814 Listing ID
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.
Schedule Showing
Status Active Under Contract
County Los Angeles
Year Built 1972
Price/SqFt $877.98
Property Type Residential Income
Residential Income
Property Sub Type Quadruplex

Primary Features

Architectural Style: Mid Century Modern
Cooling Type: None
County: Los Angeles
Exterior Features: Barbecue Private
Lot Features: 16-20 Units/Acre
MLS Area Major: 148 - Hermosa Bch Sand
Special Listing Conditions: Standard
View Type: Peek-A-Boo
Waterfront Features: Ocean Side Of Highway 1
Year Built: 1972
Zoning: HBR3YY

Additional

Association: no
Community Features: Biking, Park, Watersports, Sidewalks, Street Lights, Urban
Land Lease: no
Laundry Features: Common Area, Dryer Included, Washer Included
Laundry: yes
Lot Size Source: Assessor
Lot Size Units: Square Feet
Number Of Separate Electric Meters: 4
Number Of Separate Gas Meters: 1
Number Of Separate Water Meters: 1
Number Of Units Leased: 3
Number Of Units Total: 4
Number With Dishwasher: 4
Number With Patio: 2
Number With Range: 4
Number With Refrigerator: 4
Property Attached: yes
Senior Community: no
Tax Lot: 9
Tax Tract Number: 1686
Utilities: Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Water Source: Public
Year Built Source: Assessor

Interior Features

Appliances: Barbecue
Appliances: yes
Average 2 Bed Area: 800
Common Walls: 1 Common Wall
Cooling: no
Fireplace Features: None
Fireplace: no
Garage Spaces: 8
Levels: Three Or More
Spa Features: None
Spa: no

Financial Details

Electric Expense: 360
Fuel Expense: 300
Gross Income: 126000
Gross Scheduled Income: 126000
Insurance Expense: 1500
Maintenance Expense: 2500
Net Operating Income: 89866
New Taxes Expense: 40000
Operating Expense: 45158
Rent Control: no
Tenant Pays: Electricity, Telephone
Total Actual Rent: 7650
Total Expenses: 45158
Trash Expense: 548
Water Sewer Expense: 1200

External Features

Construction Materials: Clapboard, Drywall Walls
Foundation Details: Pillar/Post/Pier
Lot Size Area: 3143
Lot Size Square Feet: 3143
Number Of Buildings: 1
Parking Features: Assigned
Parking Total: 8
Parking: yes
Pool Features: None
Private Pool: no
Roof: Flat
Sewer: Public Sewer
View: yes

Location Information

Country: US
Direction Faces: West

Zoning Info


Area Info


© 2019. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. Listing courtesy of Clint Patterson from Berkshire Hathaway HomeService . Last updated Monday, November 11th, 2019.
Based on information from CARETS as of Monday, November 11th, 2019 02:41:03 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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.

Contact - Listing ID PV19133814

Alison Clay-Duboff

1040 Manhattan Beach Blvd
Manhattan Beach, CA 90266
Phone: 310-200-3037
Fax: 310-265-6050

Data services provided by IDX Broker
{"page":"listing","idxID":"d025","listingID":"PV19133814","extra":"546-Monterey-Boulevard","type":"detailsContact"}
https://www.alisonisrealestate.com
details.php
https://search.alisonisrealestate.com
details