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1644 Monterey Boulevard

Hermosa Beach, CA 90254
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Bed 12

Bed

Bath 12

Bath

SqFt6,132

Sqft

SqFt6,395

Sqft(Lot)

The perfect investment opportunity for the astute, creative, and entrepreneurial buyer seeking to own exceptional coastal real estate and put their signature on a future high performing asset. Off market for more than 40 years, this rare 12 unit multifamily offering sits just blocks from the sand, The Strand, Hermosa Beach Pier, and the shops, restaurants, and nightlife along Pier Avenue in one of Southern California's most desirable and tightly held rental markets. Built in 1924, the property consists entirely of one bedroom units, several with ocean views, walk in closets, newer windows, and upgraded kitchens. One standout residence features an unusually large bonus family room a unique floor plan with meaningful rental upside. Residents enjoy a paver lined courtyard, outdoor space on both sides of the building, two single car garages, an additional parking space, and on site laundry.The operational advantage here is extraordinary: 10 of the 12 units are currently vacant, allowing a new owner to begin renovation and repositioning immediately no waiting for turnover. Ownership has already completed major behind the walls improvements, including updated plumbing and electrical systems with new main and sub panels, significantly reducing near term capital needs and enabling a buyer to focus on income optimization. A recent landmark court ruling struck down Hermosa Beach's short term rental ban in the coastal zone, and the City has opted not to appeal opening a pathway for registration and taxation of short term rentals citywide. This unlocks multiple strategies: traditional long term lease up, nightly STR operations, or a blended model with diversified income streams. (Buyer to independently verify STR regulations, permitting, and feasibility.) Beach close, largely vacant, capital improved, and full of optionality, 1644 Monterey Boulevard is a once in a generation opportunity to acquire and elevate a trophy coastal asset in one of the South Bay's highest barrier to entry communities.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $4,850,000

AD Id : 91024457

MLS Id : 26978035

Beds : 12

Lot Size : 6,395 Sq. Ft

Living Area Size : 6,132 Sq. Ft

Year Built : 1924

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 12

    Bathroom Information

    Total Baths: 12
  • Heating & Cooling

    Has Heating: Yes Heating: ForcedAir Cooling: None

  • Building Information

    Year Built: 1924
    Building Area Total: 6132
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 6395 Lot Size Acres: 0.1468 Lot Size Square Feet: 6,395

  • Listing Price Information

    Listing Price: $4850000

  • Tax Information

    Parcel Number: 4183016034

  • Location Information

    Direction: West on Pier Ave, North on Monterey
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1536 Silver, Hermosa Beach, CA, 90254 $3,400,000 4 3 3,539 4,482 Sq. Ft
1224 Corona Street, Hermosa Beach, CA, 90254 $2,175,000 6 5 3,200 7,691 Sq. Ft
1226 Corona Street, Hermosa Beach, CA, 90254 $2,175,000 6 5 3,200 7,691 Sq. Ft
1102 10th, Hermosa Beach, CA, 90254 $1,849,000 3 2 1,532 3,278 Sq. Ft
1136 8th Street, Hermosa Beach, CA, 90254 $2,500,000 3 2 2,000 5,004 Sq. Ft
1126 2nd, Hermosa Beach, CA, 90254 $1,850,000 2 2 1,680 2,249 Sq. Ft
2026 Hillcrest Drive, Hermosa Beach, CA, 90254 $1,950,000 3 3 1,582 1,988 Sq. Ft
1836 Hillcrest, Hermosa Beach, CA, 90254 $1,795,000 2 1 943 3,402 Sq. Ft
826 18th Street, Hermosa Beach, CA, 90254 $4,495,000 5 5 4,100 5,516 Sq. Ft
2965 La Carlita Place, Hermosa Beach, CA, 90254 $11,750,000 7 9 7,832 8,692 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/19/2026 @ 07:29

MLS: 26978035 LISTED BY: Joshua Cohen, Keller Williams Realty 310-375-3511 SOURCE: CRMLS

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