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1644 Monterey Blvd
Hermosa Beach, CA 90254

$4,850,000 USD

Multifamily For Sale • 6,132 SF

Property Details

Property Type Multifamily
Total Building Size 6,132 SF
Lot Size 0.15 AC
Year Built 1924
Cap Rate 6.13 %

30 Transit Score

60 Walk Score

                
                    Highlights
                
                                Outstanding Hermosa Beach property available for the first time in nearly 40 years! Just steps to the Beach, The Strand, The Pier, and more!
                            
                                Possible opportunity to tap into the lucrative STR opportunities that are now available in Hermosa Beach (Buyer to Verify).
                            
                                Ten units are vacant, allowing a Buyer the ability to implement their value-add strategy now!
                            
                                Limitless potential for a creative owner to put their mark on this investment! Untapped value through renovations and enhancing communal spaces!

Financial Summary (Proforma)

Net Operating Income: $297,260 USD (2026)

Cap Rate:	6.13 %
Total Expenses:	$125,434 USD

Public Transportation

Airport	Drive	Walk	Distance
Los Angeles International	14 min	-	7.0 mi
Long Beach (Daugherty Field)	25 min	-	16.2 mi
Bob Hope	49 min	-	34.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	1
Type:	Surface
Included in Rent:	Yes

Joshua Cohen 310-480-2130 The Cohen Group

1644 Monterey Blvd Hermosa Beach, CA 90254