1644 Monterey Boulevard, Hermosa Beach, CA 90254
Local realty services provided by:ERA North Orange County Real Estate
1644 Monterey Boulevard,Hermosa Beach, CA 90254
$4,850,000
- 12 Beds
- 12 Baths
- 6,132 sq. ft.
- Multi-family
- Active
Listed by: joshua cohen
Office: keller williams realty310-375-3511
MLS#:26978035
Source:CRMLS
Price summary
- Price:$4,850,000
- Price per sq. ft.:$790.93
About this home
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....
Contact an agent
Home facts
- Year built:1924
- Listing ID #:26978035
- Added:1 day(s) ago
- Updated:September 06, 2026 at 11:02 AM
Rooms and interior
- Bedrooms:12
- Total bathrooms:12
- Living area:6,132 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1924
- Building area:6,132 sq. ft.
- Lot area:0.15 Acres
- Levels:2 Story
Finances and disclosures
- Price:$4,850,000
- Price per sq. ft.:$790.93
Parking
- Total parking spaces:3
- Parking description:Door-Single, Garage, Uncovered
New listings near 1644 Monterey Boulevard
- Coming SoonOpen Fri, 11 to 2pm
$2,599,000Coming Soon4 beds 2 baths1,662 sq. ft.3104 Ingleside Drive, Hermosa Beach, CA 90254
MLS# SB26194671Listed by: ROBERTS REALTY & INVESTMENTS - Coming SoonOpen Sat, 1 to 4pm
$489,000Coming Soon1 beds 1 baths432 sq. ft.531 Pier, Hermosa Beach, CA 90254
MLS# SB26191778Listed by: WEST SHORES REALTY, INC. - New
$1,599,000Active0.09 Acres735 Longfellow Avenue, Hermosa Beach, CA 90254
MLS# SB26193732Listed by: VISTA SOTHEBYS INTERNATIONAL REALTY - Open Sun, 1 to 4pmNew
$2,495,000Active3 beds 2 baths1,626 sq. ft.513 24th Place, Hermosa Beach, CA 90254
MLS# 26964361Listed by: COLDWELL BANKER REALTY - New
$2,000,000Active3 beds 2 baths1,815 sq. ft.447 30th, Hermosa Beach, CA 90254
MLS# PV26194713Listed by: VISTA SOTHEBY'S INTERNATIONAL REALTY - Open Sun, 2 to 4pmNew
$1,950,000Active3 beds 3 baths1,582 sq. ft.2026 Hillcrest Drive, Hermosa Beach, CA 90254
MLS# SB26179533Listed by: VISTA SOTHEBYS INTERNATIONAL REALTY - Open Sun, 2 to 4pmNew
$1,950,000Active3 beds 3 baths1,582 sq. ft.2026 Hillcrest Drive, Hermosa Beach, CA 90254
MLS# SB26179533Listed by: VISTA SOTHEBYS INTERNATIONAL REALTY - New
$1,795,000Active2 beds 1 baths943 sq. ft.1836 Hillcrest, Hermosa Beach, CA 90254
MLS# SB26183767Listed by: BEACH CITY BROKERS - Open Sun, 2 to 5pmNew
$849,000Active2 beds 1 baths736 sq. ft.1600 Ardmore #229, Hermosa Beach, CA 90254
MLS# SB26186654Listed by: WEST SHORES REALTY, INC.