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148 Monterey Boulevard, 
Hermosa Beach, CA 90254

$5,775,000

—

Bed

—

Bath

5,284

Sq Ft

Multi-Family

Virtual Tour

Active

Listed by

Gary Richardson

Strand Hill Properties

Last updated:

August 7, 2026, 10:51 AM

MLS#

SB26127216

Source:

CRMLS

About This Home

148 Monterey Boulevard

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."

Home Facts

Multi-Family

Built in 1985

Price Summary

5,775,000

$1,092 per Sq. Ft.

MLS #:

SB26127216

Last Updated:

August 7, 2026, 10:51 AM

Added:

1 month(s) ago

Rooms & Interior

Interior

Living Area:

5,284 Sq. Ft.

Structure

Structure

Building Area:

5,284 Sq. Ft.

Year Built:

1985

Lot

Lot Size (Sq. Ft):

4,787

Finances & Disclosures

Finances

Price:

$5,775,000

Price per Sq. Ft:

$1,092 per Sq. Ft.

Source:CRMLS
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). Coldwell Banker New Century is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Coldwell Banker New Century, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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Contact an Agent

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Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.