148 Monterey Boulevard, Hermosa Beach, CA 90254
- $5,775,000
- List Price
- $5,775,000
- Status
- ACTIVE
- MLS#
- SB26127216
- Year Built
- 1985
- Lot Size
- 4,788
- Acres
- 0.11
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 46
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
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."
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Additional Information
- Pool Description
- None
- View
- Ocean
- Garage Spaces Total
- 9
- Sewer
- Unknown
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $259,200
- Operating Expense
- 90720
Listing courtesy of Listing Agent: Gary Richardson (gary@strandhill.com) from Listing Office: Strand Hill Properties.
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