Closed | Sand Section 4-Plex in Hermosa Beach
Woody Stahl and Brett Lyon of Lyon Stahl are pleased to have closed 113 Monterey Blvd, a turnkey 4-unit building located in the highly sought-after Sand Section of Hermosa Beach.
This property sold for $2,153,000
The building was built in 1969 and consists of 3,288 SF of living space situated on a 2,999 SF lot.
113 Monterey Boulevard offers a great unit mix consisting of (3) 2-bed/2-bath units & (1) 1-bed/1-bath unit and has been recently renovated with top-of-the-line upgrades.
The property also features an on-site laundry facility and (7) total parking spaces – (2) two-car garages & (3) tandem parking spaces.
Located just steps from The Strand in one of the most desirable rental markets in California, this is a perfect opportunity for a yield-focused investor looking to purchase an A+ asset.
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