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Millman Team Real Estate

$5,775,000
0.11 Acre Lot

148 Monterey Boulevard, Hermosa Beach, California 90254

  • Residential Income Property Type
  • 1985 Year Built
Property 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 building—an opportunity to own a legacy asset in one of California’s most coveted coastal communities.”

Basic Details
Residential Income
For Sale
SB26127216
$5,775,000
Ocean
1985
0.11 Acre
Active
1
Quadruplex
Features
: None
: Common Area
: Unknown
$0
Address Map
CA
Los Angeles
Hermosa Beach
90254
Monterey
148
Boulevard
W119° 36' 15.3''
N33° 51' 17.5''
south of 2nd Street
148 - Hermosa Bch Sand
Additional Information
$0
$0
$0
$0
$0
5284
: Park, Sidewalks, Curbs, Biking, Dog Park, Fishing
2
9.0
: 0-1 Unit/Acre
5
2026-06-11
3
https://148monterey-hb.com/?mls=1
https://148monterey-hb.com/?mls=1#details
: Public
Broker/Agent Information
Strand Hill Properties
Gary Richardson
Listing Information
SRICHGAR
SB1334540
Cash, Cash to New Loan, Conventional
Active
2026-06-27T15:02:59Z
CRMLS
: Standard
2026-06-11T19:14:31Z
Agent info
Ray Millman
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