323 Monterey Boulevard

Hermosa Beach, CA 90254

$3,000,000
Last Sold Price
8
Beds
6
Baths
4,176 Sq. Ft.
$718 / Sq. Ft.
4,176
Sq. Ft.
$718
per Sq. Ft.

Description

Great opportunity to own a Four-plex in heart of Hermosa Beach. Conveniently located near shopping, restaurants, the beach and other essential services. All units are 2-bedroom; Unit A has 1.0 bath, Unit B has 1.5 baths, Unit C has 2 baths, Unit D has 1.0 bath. The garage has a total of 8 in-tandem spaces, there are 2 stairways, 4 covered balconies, a rooftop deck with ocean view and one unit has a partial ocean view. Good maintained units and if refurbished can obtain higher rent, but building and...Great opportunity to own a Four-plex in heart of Hermosa Beach. Conveniently located near shopping, restaurants, the beach and other essential services. All units are 2-bedroom; Unit A has 1.0 bath, Unit B has 1.5 baths, Unit C has 2 baths, Unit D has 1.0 bath. The garage has a total of 8 in-tandem spaces, there are 2 stairways, 4 covered balconies, a rooftop deck with ocean view and one unit has a partial ocean view. Good maintained units and if refurbished can obtain higher rent, but building and units have been maintained. Drive by only, do not disturb tenants. Please note that the physical house number and post office show the house number as 325 Monterey.
  1. Listed by Mina Semenza • DRE #01437415 • Brokerage DRE #00494206 • Ken Nakaoka Company

Property Details for 323 Monterey Boulevard

Architectural Style
Contemporary
View
Ocean
Parking Spaces Total
8
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor

Location

Listing Courtesy of Ken Nakaoka Company, Mina Semenza, DRE #01437415

Sold By Pinnacle Estate Properties, Inc., Justin Shore, DRE #01715508

Add your commute
LISTING UPDATED: 10/02/2023 03:52 PM

Property Details for 323 Monterey Boulevard

StatusClosed
MLS #SB23099842
Days on Market52
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1972
Lot Size0.07 AC / 3,017 SF
CountyLos Angeles County

Location

Listing Courtesy of Ken Nakaoka Company, Mina Semenza, DRE #01437415

Sold By Pinnacle Estate Properties, Inc., Justin Shore, DRE #01715508

Add your commute

Building Information for 323 Monterey Boulevard

Stories2Residences-Year Built1972Building Size-Lot Size0.07 AC / 3,017 SF

Payment Calculator

$16,972 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,372

Property Taxes

$600

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 323 Monterey Boulevard

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $77,938
  • Gross Scheduled Income: $108,600
  • Gross Operating Income: $108,600
  • Net Operating Income: $45,260
  • Laundry Income: $338
  • Current Financing: None
  • Financing: Conventional
Expense Details
  • Operating Expense: $63,340
  • New Taxes Expense: $48,500
  • Fuel Expense: $1,027
  • Licenses Expense: $383
  • Electric Expense: $984
  • Insurance Expense: $3,000
  • Maintenance Expense: $2,603
  • Professional Management Expense: $4,650
  • Trash Expense: $430
  • Water Sewer Expense: $1,763
  • Total Expenses: $63,340
Tax / Assessment Info
  • Tax Tract Number: 1073
  • Tax Census Tract: 6211.04
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 18
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater
  • Equipment: Dishwasher, Garage
  • Interior Features: Balcony, Unfurnished
  • Room Type: Kitchen, Living Room
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: In Garage
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Central
  • Heating: Central
  • Flooring: Carpet, Vinyl
Exterior Features
  • Window Features: Screens
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Composition
  • Entry Location: side
  • View Description: Ocean
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: No Landscaping
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Electric: Electricity Connected, Natural Gas Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 8
  • Parking: Yes
  • Parking Garage: Garage
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 8
  • Carport Spaces: 0
  • Parking Features: Garage
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,100
  • Unit Type Total Rent: $2,100
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,250
  • Unit Type Total Rent: $2,250
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 0

Property History for 323 Monterey Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 323 Monterey Boulevard

Taxable ValueLand$298,060Additions$276,645Total$574,705
Tax Record2023$7,195 ($600 / month)
Home Facts
Total Finished SqFt4,176 SqFtAbove Grade Finished SqFt4,176 SqFtLot Size3,017 SqFtStyleQuadraplexYear Built1972ZoningHBR3YYCountyLOS ANGELESAPN4188-009-006

Schools near 323 Monterey Boulevard

This home is within Hermosa Beach City Elementary School District.
Rating
School
Type
Grades
Distance
Public - 4 to 8
Public - K to 3
Private - 6 to 12
Private - PK to 8
Rating
School
Distance
Hermosa Valley Elementary School
Public4 to 8

Hermosa View Elementary School
PublicK to 3

Fusion Academy Sb: South Bay
Private6 to 12

Our Lady Of Guadalupe Elementary School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ken Nakaoka Company, Mina Semenza, DRE #01437415

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided 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 CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.