148 Monterey Boulevard, Hermosa Beach, CA 90254

Hermosa Beach
Local realty services provided by:Better Homes and Gardens Real Estate Champions
148 Monterey Boulevard,Hermosa Beach, CA 90254
$5,775,000
  • - Beds
  • - Baths
  • 5,284 sq. ft.
  • Multi-family
  • Active
Listed by: gary richardson
Office: strand hill properties
MLS#:SB26127216
Source:CRMLS

Price summary

  • Price:$5,775,000
  • Price per sq. ft.:$1,092.92

About this home

A rare Hermosa Beach 5-unit Trophy Property! Ideally located just moments from the beach, this well-maintained investment property offers stable income, full occupancy, and significant rental upside. Built in 1985, the two-story, 5,234-square-foot building features five spacious 2-bedroom, 2-bathroom units, each with generous floor plans that appeal to long-term tenants. Residents enjoy a shared rooftop sundeck with beautiful ocean views, on-site laundry facilities, and parking for 10 vehicles (two spaces per unit). Situated in one of the South Bay’s most desirable coastal communities, tenants are within walking distance of the beach, Hermosa Pier, scenic hiking trails, popular restaurants, shopping, and entertainment. This is an outstanding opportunity for Beach Cities investors seeking a premium asset with strong income potential and long-term appreciation. "More than an apartment building—an opportunity to own a legacy asset in one of California's most coveted...

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Home facts

  • Year built:1985
  • Listing ID #:SB26127216
  • Added:7 day(s) ago
  • Updated:June 19, 2026 at 10:54 AM

Rooms and interior

  • Living area:5,284 sq. ft.

Structure and exterior

  • Year built:1985
  • Building area:5,284 sq. ft.
  • Lot area:0.11 Acres

Utilities

  • Water:Public

Finances and disclosures

  • Price:$5,775,000
  • Price per sq. ft.:$1,092.92

Parking

  • Total parking spaces:9
  • Garage:Yes
  • Garage spaces:9
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