Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    151 Monterey Hermosa Beach, CA 90254

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Duplex near the beach, ideal for rebuilding or income.

    Type:Multifamily
    Added:
    Dec 19, 2025
    Days on Market:
    106
    Last Refresh:
    Mar 18 at 7:48 am

    Property Features for 151 Monterey

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Dave Troutt

    Listing agent Dave Troutt License #01749025

    Listing office Seven Gables Real Estate

    Listing date Dec 19, 2025

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Seven Gables Real Estate

    Overview

    Coastal Duplex Investment Opportunity

    This property is positioned as a duplex with two units side by side. It features three single-car garages located below off the alley. The property is located on the south side, near King Harbor and approximately one block from the beach. It is currently tenant-occupied on a month-to-month basis. This property presents an investment opportunity for rebuilding or continuing as a stable income source.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hermosa Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.3962482
    Latitude
    33.8546052

    Nearby Similar for Sale

    • $250,000
      1,500 SF

      Turnkey Restaurant Opportunity in Hermosa

      Profitable restaurant with favorable lease terms and growth potential.
      1141 Aviation Boulevard, Hermosa Beach, CA 90254
      View Details
    • $248,000

      Profitable Boutique Near Hermosa Beach Pier

      Thriving T-shirt and gift boutique steps from the ocean.
      31 Pier Avenue, Hermosa Beach, CA 90254
      View Details
    • $6,098,000
      3,875 SF

      Hermosa Beach Ocean View Residence

      Single-family home with potential rental income and panoramic ocean views.
      2304 Hermosa, Hermosa Beach, CA 90254
      View Details
    • $3,675,000
      2,367 SF

      Hermosa Beach Triplex Opportunity

      Triplex near the beach with income and development potential.
      50 10th Street, Hermosa Beach, CA 90254
      View Details
    • $3,295,000
      4,230 SF

      Hermosa Beach Six-Unit Apartment Building

      Six-unit apartment near Hermosa Beach, Pier, restaurants, and shops.
      2121 Pacific Coast Highway, Hermosa Beach, CA 90254
      View Details
    • $2,600,000
      1,738 SF

      Hermosa Beach Bungalow with ADU

      Charming 3-bedroom bungalow with ADU in Hermosa Beach.
      1536 Bonnie Brae, Hermosa Beach, CA 90254
      View Details
    • $2,699,000
      1,218 SF

      Hermosa Beach Income Property

      Remodeled duplex near the beach, offering immediate income potential.
      1720 Manhattan, Hermosa Beach, CA 90254
      View Details
    • $6,000,000
      4,700 SF

      New Construction Office with Ocean Views

      New construction office space in Hermosa Beach with ocean views.
      824 1st Street, Hermosa Beach, CA 90254
      View Details
    • $1,695,000
      968 SF

      Hermosa Beach Duplex Near Sand

      Duplex in prime location, close to the beach.
      151 Monterey, Hermosa Beach, CA 90254
      View Details
    • $9,655,524
      7,930 SF

      Hermosa Beach Mixed-Use Investment

      Mixed-use property near Pier Plaza with income and development potential.
      1220 Hermosa Avenue, Hermosa Beach, CA, 90254
      View Details
    • Contact for pricing
      2,874 SF

      Modern Retail Building in Hermosa Beach

      Modern retail building in Hermosa Beach with high visibility.
      Hermosa Beach, CA 90254
      View Details
    • $3,000,000
      4,030 SF

      Updated Office Building in Hermosa

      4,000 SF updated office building in Hermosa Beach, CA.
      1060 Aviation Boulevard, Hermosa Beach, CA 90254
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex near the beach, ideal for rebuilding or income.
    Where is this duplex located?
    The property is located at 151 Monterey Hermosa Beach, CA.
    What is the asking price?
    The asking price for this property is $1,695,000.
    What are key features of this property?
    This property features: Premier coastal‑beach lifestyle location: close to King Harbor and the beach; Generational investment opportunity: potential for family compound or continued income; Currently configured as two units: provides immediate income potential
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dave Troutt
    Real Estate License ID: 01749025
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!