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    Property profile & analytics

    1022 Monterey Blvd Hermosa Beach, CA 90254-3701

    • Apartment buildings
    • 6,814 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    $2,600,000
    Last Sale
    Jul 23, 2021
    $2,750,000
    Location Intelligence
    Property ID
    US09-6370440
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1022 Monterey Blvd

    Year built
    1972
    Construction
    WOOD
    Lot size
    0.12 lot acres
    Property size
    6,814 SF
    Zone code
    HBR3YY
    Property type
    Apartment buildings
    APN
    4187-012-017
    APU
    4187012017

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,505,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,095,000
      6.5%
      $2,610,000
      7%
      $3,015,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,660,000
      Geo Method
      $2,970,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,400,000
      Retail
      $2,605,000
      Mixed-Use
      $2,480,000
      Hospitality
      $2,685,000
      Educational
      $2,900,000
      Residential Income
      $2,955,000
      Energy
      $2,580,000
      Income-Based Land
      $2,250,000
      Food Service
      $2,625,000

    Location Insight

    • Map
    • Local Demand
    City
    Hermosa Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.398
    Latitude
    33.8615
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $36,363
    $2,061,994
    $1,178,281
    $3,240,275
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,361 SF

      746 Monterey Blvd, Unit 2

      APARTMENT HOUSE (5+ UNITS) • 4,361 SF
      746 Monterey Blvd, Hermosa Beach, CA 90254-4556
      View Details
    • Value Estimation by Request
      5,474 SF

      36 10th St

      APARTMENT HOUSE (5+ UNITS) • 5,474 SF
      36 10th St, Hermosa Beach, CA 90254-3777
      View Details
    • Value Estimation by Request
      3,696 SF

      620 Hermosa Ave

      APARTMENT HOUSE (5+ UNITS) • 3,696 SF
      620 Hermosa Ave, Hermosa Beach, CA 90254-4445
      View Details
    • Value Estimation by Request
      3,450 SF

      2112 Hermosa Ave

      APARTMENT HOUSE (5+ UNITS) • 3,450 SF
      2112 Hermosa Ave, Hermosa Beach, CA 90254-2856
      View Details
    • Value Estimation by Request
      6,078 SF

      1502 Loma Dr

      APARTMENT HOUSE (5+ UNITS) • 6,078 SF
      1502 Loma Dr, Hermosa Beach, CA 90254-2935
      View Details
    • Value Estimation by Request
      4,604 SF

      1500 Manhattan Ave

      APARTMENT HOUSE (5+ UNITS) • 4,604 SF
      1500 Manhattan Ave, Hermosa Beach, CA 90254-3612
      View Details

    Similar Nearby for Sale

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      Hermosa Beach Multifamily Investment Opportunity

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      4,320 SF

      Hermosa Beach Mixed-Use Property

      Mixed-use property in Hermosa Beach with retail and apartments.
      750 4Th St, Hermosa Beach, CA 90254
      View Details
    • $850,000
      440 SF

      Condo Hotel on Hermosa Beach

      Oceanfront condo hotel offering rental income potential in Hermosa Beach.
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    Similar Nearby for Lease

    • $6,999 /Mo
      1,900 SF

      Luxurious Townhouse with Panoramic Ocean Views

      Contemporary 3-bedroom townhouse with ocean views, available August 2025.
      931 1St St, Hermosa Beach, CA 90254
      View Details
    • $4,000 /Mo
      974 SF

      Hermosa Beach Condo with Amenities

      Chic 2-bedroom condo near downtown Hermosa Beach and the shoreline.
      1707 Pacific Coast Hwy, Hermosa Beach, CA 90254
      View Details
    • $5,955 /Mo
      1,000 SF

      Remodeled Beach House with Ocean Views

      Single-level beach house near Hermosa Beach Pier with ocean views.
      40 15Th St, Hermosa Beach, CA 90254
      View Details
    • $6,950,000
      371 SF

      Office Space with Ocean Views

      Second-floor office space featuring balconies and ocean views.
      205 Pier Ave, Hermosa Beach, CA 90254
      View Details
    • Contact for pricing
      2,650 SF

      Hermosa Beach Executive Suites

      Prime Beach City Office Space
      2447 Pacific Coast Hwy, Hermosa Beach, CA 90254
      View Details
    • $37 SF/Yr
      966 SF

      Hermosa Beach Fitness Center Space

      Prime Retail Space, 966 sq ft
      1601 Pacific Coast Hwy, Hermosa Beach, CA 90254
      View Details
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    1022 Monterey Blvd
    Hermosa Beach, CA 90254-3701
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    Realmo Value Estimation

    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.

    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.

    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
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