148 Monterey Boulevard

Hermosa Beach CA 90254

4788 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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 Bays 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."

Features

8 bedrooms

8 bathrooms

4788 sq. ft. lot size

Multi-Family

Property history for 148 Monterey Boulevard

2023

Sold

$4,000,000

30 Jun 2023 by Rachelle Rosten, of Douglas Elliman

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Local market activity for 8 bedroom multi families in Hermosa Beach

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Gary Richardson

at Strand Hill Properties

View listing

Sales:: (619) 566-0008

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