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Five-Unit Apartment Building with Sundeck
For Sale
$5,775,000

148 Monterey Boulevard, Hermosa Beach, CA 90254

MULTI_FAMILY - Hermosa Beach, CA

Property Size5,234 SF
Lot Size0.11 Acres
Price / SF$1,103
Days on Market53

Property Features for 148 Monterey Boulevard

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 10
Bathrooms 10
Full bathrooms 10
Rooms Laundry Room, Bedroom 7, Bedroom 2, Bedroom 10, Bathroom 10, Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 7, Bathroom 1, Bedroom 9, Bathroom 2, Bathroom 6, Bedroom 8, Bathroom 9, Bathroom 3, Bathroom 5, Bathroom 8
Parking 9
Lot features 0-1 Unit/ Acre
View Ocean
Directions south of 2nd Street
Subdivision 148 - Hermosa Bch Sand
Standard status Active
APN 4188016065
Lot size 0.11 Acres

Utilities

Water source Public

Building Details

Year built 1985
Floors in Building 3
Number of units 5
Listing Agency: Strand Hill Properties
Listed By: Gary Richardson · License #00466560
Added: Jun 11 Changed: Jul 30 Last Checked: Aug 2 at 4:06AM
MLS# SB26127216

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This two-story apartment building was built in 1985 and offers five spacious units configured as two-bedroom, two-bathroom homes. The property includes a shared rooftop sundeck and on-site laundry facilities. Parking is available for 10 vehicles, with two spaces per unit.

The building is described as being moments from the beach and is positioned within walking distance of the Hermosa Pier, scenic hiking trails, and popular restaurants, shopping, and entertainment.

At approximately 5,234 square feet, this is a five-unit residential income property offered for sale in Hermosa Beach, California.

Key Highlights

  • 5‑unit two‑story building built in 1985 with 5,234 SF total building size
  • Five units total, each described as a spacious 2‑bedroom, 2‑bathroom layout
  • Full occupancy reported

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Daycare Center Food Market Grocery & Convenience Store (Bike/Boat/Book/etc) Store Electrical Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

2,719
Businesses Nearby

Demographics for 90254, CA

19,736
Population
10,454
Households
1.9
Avg Household Size
40
Median Age
77%
College-Educated
98%
High-School Grad
1.4 sq mi
ZIP Area
14,097
Density / Sq Mi
$152,019
Median Household Income
$104,385
Median Earnings
$2,812
Median Rent
$2,000,001
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-story five-unit building with rooftop sundeck, on-site laundry, and parking for 10 vehicles.
Where is this apartment building located?
The property is located at 148 Monterey Boulevard Hermosa Beach, CA.
What is the asking price?
The asking price for this property is $5,775,000.
What are key features of this property?
This property features: 5‑unit two‑story building built in 1985 with 5,234 SF total building size; Five units total, each described as a spacious 2‑bedroom, 2‑bathroom layout; Full occupancy reported
More about this property
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