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$2,595,000
Est. payment /mo
5 Beds
4 Baths
3,097 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26096102
Bedrooms 5
Lot Size 3,097 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
519 Monterey and 518 Bayview run street to street in a great part of Hermosa Beach. An exceptional opportunity to acquire a multi-unit property in one of Hermosa Beachs most desirable locations, just a short distance to the beach and moments from the energy of Pier Avenue. Situated on a 31x100 square foot street to street lot - 518 Bayview Drive and 519 Monterey Boulevard - the property records reflect a triplex but the property is currently configured with 4 separate occupied units, along with a separate room currently used for storage (including plumbing), offering immediate rental income with meaningful upside through repositioning and renovation. The lower unit on Monterey is currently being remodeled. The unit mix consists of two 2 bedroom 1 bath units, one 1 bedroom unit, one studio and the extra storage unit. The tax records show 1,678 square feet but the total space measured at 1,747 square feet plus a finished basement of approximately 560 square feet and a storage area of approximately 400 square feet for a total of approximately 2,707 square feet. 518 & 518-1/2 Bayview have been updated, including a recently improved upper unit with modern finishes and interior laundry, while others present a clear opportunity to enhance and capture stronger market rents. Set on a sought-after street surrounded by newer and extensively updated homes, the value here is driven as much by the location and lot as it is by the existing improvements. For investors, developers, or owner-users seeking flexibility and long-term potential, the property offers multiple paths forward. With c
Location
State CA
County Los Angeles
Zoning Assessor
Direction Property is at 519 Monterey & 518 Bayview
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 4188010030
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Steven Mullins, DRE#01487977 Vista Sotheby’s International Realty
Nearby School & Business
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