Prime Beachside Investment Opportunity – 1535 & 1539 Monterey Blvd, Hermosa Beach. NO LOCAL RENT CONTROL.
Offered for sale are two sister buildings ideally located just blocks from the sand in beautiful Hermosa Beach. Situated on separate parcels—APNs 4183-013-018 and 4183-013-017—this rare offering includes four apartment buildings totaling 18 units. Each parcel contains 9 units, for a combined unit mix of:
4 Studios
8 One-Bedroom, One-Bath Units
6 Two-Bedroom, One-Bath Units
Buildings square footage 5,588 per parcel and lot sizes are 4,019 and 3,994.
This highly desirable coastal location is approximately a 16-minute drive to Los Angeles International Airport and offers residents a quintessential Southern California lifestyle. Located near the intersection of Monterey Blvd and 16th Street, the property enjoys strong street presence and is nestled in a vibrant, walkable neighborhood just moments from the beach, shops, restaurants, and local amenities.
The surrounding area is considered a walker’s paradise. The buildings have been well maintained, with exterior curb appeal that reflects pride of ownership.
With a strong unit mix, an unbeatable beachside location, and long-term investment potential, this offering presents a unique opportunity for investors seeking stable income in a prime coastal market.
Sold for $7,700,000
Listed by: Estate Properties • Lynn Lord • Contact: 310-703-1859
Bought with: Vista Sotheby’s International Realty
$7,700,000
1535 Monterey Blvd, Hermosa Beach, CA 90254
360beds
324baths
11,176sqft
Multi Family
Built in 1949
-- sqft lot
$-- Zestimate®
$689/sqft
$4,592 Estimated rent
Home value
Not available
Estimated sales range
Not available
$4,592/mo
Zestimate® history
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List your homeWhat's special
Blocks from the sandBeachside locationExterior curb appeal
Zillow last checked:
Listing updated:
Listed by:
Lynn Lord DRE #00932611 310-493-7016,
Estate Properties,
Rebecca Salzetti DRE #00699142 310-941-7277,
Estate Properties
Bought with:
Steven Mullins, DRE #01487977
Vista Sotheby’s International Realty
Source: CRMLS,MLS#: PV25155230
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 360
- Bathrooms: 324
Rooms
- Room types: Kitchen, Living Room
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: Common Area, Laundry Room
Features
- Flooring: Carpet, Tile
- Has fireplace: Yes
- Fireplace features: Kitchen, Living Room
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 11,176
- Total interior livable area: 11,176 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage
- Garage spaces: 6
Accessibility
- Accessibility features: No Stairs
Features
- Levels: One
- Stories: 1
- Entry location: 2
- Exterior features: Awning(s)
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: Neighborhood, Ocean, Peek-A-Boo
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 8,013 Square Feet
- Features: Corner Lot
Details
- Parcel number: 4183013018
- Zoning: HBR3YY
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- Turnkey
- New construction: No
- Year built: 1949
Utilities & green energy
- Electric: Electricity - On Bond
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Street Lights, Sidewalks
HOA
- Amenities included: Maintenance Grounds
Location
- Region: Hermosa Beach
Financial & listing details
- Price per square foot: $689/sqft
- Tax assessed value: $1,384,271
- Annual tax amount: $17,702
- Date on market: 7/10/2025
- Cumulative days on market: 21 days
- Listing terms: Cash,Cash to New Loan
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2025 | Sold | $7,700,000-14.4%$689/sqft |
Source:  CRMLS #PV25155230 Report a problem | ||
| 8/12/2025 | Pending sale | $9,000,000$805/sqft |
Source: CRMLS #PV25155230 Report a problem | ||
| 8/1/2025 | Contingent | $9,000,000$805/sqft |
Source: CRMLS #PV25155230 Report a problem | ||
| 7/11/2025 | Listed for sale | $9,000,000$805/sqft |
Source: CRMLS #PV25155230 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $17,702 +4.7% | $1,384,271 +2% |
| 2024 | $16,908 +1.9% | $1,357,154 +2% |
| 2023 | $16,593 +1.8% | $1,330,569 +2% |
| 2022 | $16,301 -0.2% | $1,304,506 +2% |
| 2021 | $16,335 +0.4% | $1,278,953 +1% |
| 2020 | $16,265 | $1,265,853 +2% |
| 2019 | $16,265 +7.4% | $1,241,059 +2% |
| 2018 | $15,149 | $1,216,750 +2.1% |
| 2017 | $15,149 -0.9% | $1,191,638 +2% |
| 2016 | $15,279 +4.9% | $1,168,274 +1.5% |
| 2015 | $14,567 +7.9% | $1,150,726 +2% |
| 2014 | $13,498 | $1,128,186 +2.5% |
| 2012 | -- | $1,101,067 +2.8% |
| 2010 | -- | $1,071,411 +1.8% |
| 2008 | -- | $1,052,900 +4% |
| 2006 | -- | $1,012,016 |
| 2005 | -- | $1,012,016 +4% |
| 2004 | -- | $972,721 +1.9% |
| 2003 | -- | $954,895 +2% |
| 2002 | -- | $936,173 |
Find assessor info on the county website
Neighborhood: 90254
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Nearby schools
GreatSchools rating
- 8/10Hermosa Valley Elementary SchoolGrades: 5-8Distance: 0.2 mi
- 10/10Hermosa Vista SchoolGrades: 2-4Distance: 0.5 mi
- NAHermosa View Elementary SchoolGrades: K-1Distance: 0.6 mi
- California
- Los Angeles County
- Hermosa Beach
- 90254
- 1535 Monterey Blvd
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