$5,775,000
 $31,001 est/mo Sourced by Back At You

148 Monterey Boulevard,Hermosa Beach, CA 90254

Hermosa Beach, CA 90254

Share:

PreviousNext

Description

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 buildingan opportunity to own a legacy asset in one of California's most coveted coastal communities."

Details

MLS #SB26127216
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1985
Days On Site84
Listing Provided ByStrand Hill Properties | Gary Richardson

Features

SQ Feet5,284
Garage9
Story(s)3
Units5
Building(s)1
Acreage0.11
Property ViewYes

Exterior

Lot FeaturesZero To One Unit Acre

Parking

Garage Yes / NoYes

Utilities

SewerUnknown

Location

Community FeaturesBiking, Curbs, Dog Park, Fishing, Park, Sidewalks

Area Information

StateCA
CountyLos Angeles
CityHermosa Beach
Zip Code90254
Area148 Hermosa Bch Sand
Listing VS Median (in 90254)
Price:
$5,775,000
low | high
Med:
$1,750,000
100% of Average
sqft:
5,284
low | high
Med:
1,197
100% of Average
$ / sqft:
$1,093
low | high
Med:
$1,462
16.231234652287% of Average
On site:
84
low | high
Med:
99
84.848484848485% of Average
Sourced by Back At You

Market Activity 90254

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Desert Lifestyle Properties at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

Contact

Learn More About This Property

Jeff Rayborn

Jeff Rayborn

Desert Lifestyle Properties

02062886 (323) 833-5529jeff@desertlifestyleproperties.com
StateCA
CountyLos Angeles
CityHermosa Beach
Zip Code90254
Area148 Hermosa Bch Sand
Listing VS Median (in 90254)
Price:
$5,775,000
low | high
Med:
$1,750,000
100% of Average
sqft:
5,284
low | high
Med:
1,197
100% of Average
$ / sqft:
$1,093
low | high
Med:
$1,462
16.231234652287% of Average
On site:
84
low | high
Med:
99
84.848484848485% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $4.331M - $7.218M
sqft: 3,500 - 6,500
Nearby Listings Property ImageNearby Listings Details
824 1st Street Property Photo 1
$6,000,000
824 1st Street
Hermosa Beach, CA 90254
838 Cypress Property Photo 1
$4,200,000
838 Cypress
Hermosa Beach, CA 90254
456 Ocean View Property Photo 1
$3,795,000
456 Ocean View
Hermosa Beach, CA 90254
Listing Updated: August 21, 2026 at 11:12:42 PM PDT
Jeff Rayborn
License #: 02062886
(323) 833-5529
Desert Lifestyle Properties - 200 N Sunrise Way Ste.B.
Palm Springs, CA 92262

Jeff Rayborn - Desert Lifestyle Properties