Yes, it's a lovely beach, and has nice views, but we locals call is "Mortuary Beach" because of the many deaths there over the years.
I disagree with Tree4Life's review, it's treacherous. It has riptides that can quickly take both casual swimmers and experienced divers directly to the bottom of the Monterey Marine Canyon (5,000' below sea level) in minutes and even the strongest swimmers don't survive.
The warning sign State Parks put up is better than the one before, but it really should say "If you go in the water YOU will die".
Stay out of the water and enjoy the beach. If you're looking for excellent dive experiences, continue south to Point Lobos or Big Sur.