151 Monterey, Hermosa Beach, California 90254, Hermosa Beach, 90254 - bed, bath
ACTIVE$1,875,000$968/sqft
151 Monterey, Hermosa Beach, California 90254
0Bed
0Bath
968Sqft
3,008Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
Top Cons:
Advanced Age of Structure: Built in '1922,' the property likely requires extensive renovation, modernization, or complete demolition for redevelopment, implying significant capital expenditure.
Compared to the nearby listings
Price:$1.88M vs avg $2.42M ($-540,000)18%
Size:968 sqft vs avg 2,148 sqft9%
Price/sqft:$1.9K vs avg $1.1K91%
More Insights
Built in 1922 (104 years old).
Condition: Built in 1922, this property's core structure is over 100 years old. While some cosmetic updates like laminate flooring, fresh paint, and a newer bathroom vanity are visible, the kitchen features basic, older appliances and dated cabinets/countertops. The bathroom tile is also outdated. The presence of a window AC unit suggests a lack of central cooling, and the listing description explicitly highlights the 'generational investment opportunity to either rebuild as a family compound,' strongly indicating that the existing structure requires substantial rehabilitation or demolition. The property is currently livable and income-generating due to superficial refreshes, but the underlying systems and structural integrity of a 1922 build likely require significant investment to meet modern standards, aligning with a 'poor' condition.
Year Built
1922
Close
-
List price
$1.88M
Original List price
$1.75M
Price/Sqft
$1,937
HOA
-
Days on market
-
Sold On
-
MLS number
OC25221815
Home ConditionPoor
Features
Good View:
Deck
Patio
View-
About this home
Premier Coastal- Beach Lifestyle location. Currently positioned as 2 units side by side with 3 single car garages located down below off alley, on mo to mo tenancy. Located toward the south side close to King Harbor 1 block to the sand. This is a generational investment opportunity to either rebuild as a family compound or continue with a irreplaceable strong stable income source. So much more to list. Please drive by and take a look, do not disturb the tenants please. Thank you
D
Dave Troutt
Listing Agent
Nearby schools
10/10
Hermosa View Elementary School
Public,•K-3•1.0mi
9/10
Opal Robinson Elementary School
Public,•K-5•1.7mi
8/10
Hermosa Valley Elementary School
Public,•4-8•0.8mi
9/10
Manhattan Beach Middle School
Public,•6-8•2.5mi
9/10
Mira Costa High School
Public,•9-12•1.3mi
Condition Rating
Poor
Built in 1922, this property's core structure is over 100 years old. While some cosmetic updates like laminate flooring, fresh paint, and a newer bathroom vanity are visible, the kitchen features basic, older appliances and dated cabinets/countertops. The bathroom tile is also outdated. The presence of a window AC unit suggests a lack of central cooling, and the listing description explicitly highlights the 'generational investment opportunity to either rebuild as a family compound,' strongly indicating that the existing structure requires substantial rehabilitation or demolition. The property is currently livable and income-generating due to superficial refreshes, but the underlying systems and structural integrity of a 1922 build likely require significant investment to meet modern standards, aligning with a 'poor' condition.
Pros & Cons
Pros
Great Schools: Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
Exceptional Coastal Location: Situated in a 'Premier Coastal- Beach Lifestyle location' in Hermosa Beach, just '1 block to the sand' and 'close to King Harbor,' offering unparalleled access to prime beach and harbor amenities.
Income-Generating Duplex: Configured as '2 units side by side' with 'mo to mo tenancy,' providing an 'irreplaceable strong stable income source' and immediate cash flow for the new owner.
Significant Redevelopment Potential: Offers a 'generational investment opportunity to either rebuild as a family compound' or customize, allowing for substantial value creation in a highly desirable area.
Valuable Off-Street Parking: Includes '3 single car garages located down below off alley,' a premium and highly sought-after amenity in a dense beach community.
Highly-Rated School District: Located within a school district featuring multiple top-rated elementary, middle, and high schools, enhancing its appeal to families.
Cons
Advanced Age of Structure: Built in '1922,' the property likely requires extensive renovation, modernization, or complete demolition for redevelopment, implying significant capital expenditure.
Limited Current Living Space: With only '968 sqft' for two units, the existing structures offer compact living, which may not meet the needs of all buyers without expansion or a full rebuild.
Tenant Occupancy Constraints: The 'mo to mo tenancy' and 'do not disturb the tenants' directive can complicate property showings, inspections, and the timeline for a buyer's immediate plans for the property.