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Hermosa Beach, CA

$5,775,000

148 Monterey Boulevard, Hermosa Beach, CA
1985
Built
16
Days listed

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 coastal communities."

Facts & features

Interior
Laundry
Common Area
Spa
None
Exterior & lot
Lot size
0.11 acres (4,788 sq ft)
Pool
None
View
Ocean
Year built
1985
Parking spaces
9
Community
Area
148 - Hermosa Bch Sand
County
Los Angeles
Community features
Biking, Curbs, Dog Park, Fishing, Park, Sidewalks
Listing details
Status
Active
Property type
Quadruplex
Days on market
16
Listed
2026-06-11
Terms
Cash, Cash To New Loan, Conventional
Parcel #
4188016065
MLS #
SB26127216
Listed by
Gary Richardson · Strand Hill Properties

Location

Price history

Listed
$5,775,000 · 2026-06-11
Days on market
16
Current price
$5,775,000
Financing

Could this home be yours?

Estimated monthly payment
$36,228
$29,202 principal & interest · $7,026 taxes & insurance
$1,155,000
Estimate only
Loan $4,620,000

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Listing data provided by CRMLS

Listing courtesy of Strand Hill Properties. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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