Five-Unit Apartment Building with Rooftop
For Sale
$5,775,000
148 Monterey Blvd, Hermosa Beach, CA 90254
Built in 1985, this 5-unit property offers 2-bedroom layouts, shared sundeck, laundry, and parking minutes from the beach.
Property Size5,234 SF
Price / SF$1,103
Days on Market50
Property Features for 148 Monterey Blvd
General Information
Standard status
Active
Size
5,234 SF
Total Parking Spaces
10
Property subtype
Investment
Occupancy
100%
Additional Details
Multifamily Units
5
Building Details
Year Built
1985
Stories
2
Tenancy
Multi
Listing Agency:
Strand Hill Properties
(310) 480-7694
Listed By:
Gary Richardson · License #00466560
(310) 480-7694
Source:
Elliman
Added: Jun 17
Changed: Jul 10
Last Checked: Aug 5 at 10:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Strand Hill Properties
Investment Insights
Based on property information with market context.
Built in 1985, this two-story five-unit apartment building totals 5,234 square feet and provides five spacious 2-bedroom, 2-bathroom residences. The property includes a shared rooftop sundeck with ocean views, on-site laundry facilities, and parking for 10 vehicles, with two spaces per unit.
Located at 148 Monterey Blvd in Hermosa Beach, the building is just moments from the beach and within walking distance of the Hermosa Pier. Residents also have access to scenic hiking trails and a variety of nearby restaurants, shopping, and entertainment along the Beach Cities coast.
For buyers seeking a manageable multifamily asset, the unit mix is straightforward with consistent 2-bedroom/2-bath layouts, supported by in-building laundry and dedicated parking. The shared rooftop amenity adds an additional resident feature, while the coastal, walkable setting aligns with tenants who value proximity to the beach and local lifestyle offerings.
Located at 148 Monterey Blvd in Hermosa Beach, the building is just moments from the beach and within walking distance of the Hermosa Pier. Residents also have access to scenic hiking trails and a variety of nearby restaurants, shopping, and entertainment along the Beach Cities coast.
For buyers seeking a manageable multifamily asset, the unit mix is straightforward with consistent 2-bedroom/2-bath layouts, supported by in-building laundry and dedicated parking. The shared rooftop amenity adds an additional resident feature, while the coastal, walkable setting aligns with tenants who value proximity to the beach and local lifestyle offerings.
Key Highlights
- Built in 1985, two‑story 5,234‑SF building with five 2‑bedroom, 2‑bath units
- Full occupancy reported
- Shared rooftop sundeck with ocean views
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,719
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1985, this 5-unit property offers 2-bedroom layouts, shared sundeck, laundry, and parking minutes from the beach.
Where is this apartment building located?
The property is located at 148 Monterey Blvd 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: Built in 1985, two‑story 5,234‑SF building with five 2‑bedroom, 2‑bath units; Full occupancy reported; Shared rooftop sundeck with ocean views
