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For sale
  • Listed by: Strand Hill Properties • Gary Richardson • Contact: 310-480-7694
    $5,775,000

    148 Monterey Blvd, Hermosa Beach, CA 90254

    10beds
    10baths
    5,284sqft
    : 
    $37,886/mo
    Get pre-qualified
    Quadruplex
    Built in 1985
    -- sqft lot
    $5,463,100 Zestimate®
    $1,093/sqft
    $-- HOA

    What's special

    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."
    48 days
    |
    439
    |
    7
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Gary Richardson DRE #00466560 310-480-7694,

    Strand Hill Properties

    Source: CRMLS,MLS#: SB26127216MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 10
      • Bathrooms: 10
      Appliances
      • Laundry: Common Area
      Features
      • Common walls with other units/homes: 2+ Common Walls
      Interior area
      • Total structure area: 5,284
      • Total interior livable area: 5,284 sqft

      Property

      Parking
      • Total spaces: 9
      • Parking features: Garage
      • Garage spaces: 9
      Features
      • Entry location: main
      • Pool features: None
      • Spa features: None
      • Has view: Yes
      • View description: Ocean
      • Has water view: Yes
      • Water view: Ocean
      Lot
      • Size: 4,788 Square Feet
      • Features: 0-1 Unit/Acre
      Details
      • Parcel number: 4188016065
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex
      • Attached to another structure: Yes
      Condition
      • New construction: No
      • Year built: 1985

      Utilities & green energy

      • Sewer: Unknown
      • Water: Public

      Community & HOA

      Community
      • Features: Biking, Curbs, Dog Park, Fishing, Park, Sidewalks
      Location
      • Region: Hermosa Beach

      Financial & listing details

      • Price per square foot: $1,093/sqft
      • Date on market: 6/11/2026
      • Cumulative days on market: 48 days
      • Listing terms: Cash,Cash to New Loan,Conventional
      • Total actual rent: 21600

        Estimated market value

        $5,463,100

        $5.19M - $5.74M

        $4,088/mo

        Price history

        DateEventPrice
        6/12/2026Listed for sale$5,775,000+44.4%$1,093/sqft
        Source: CRMLS #SB26127216 Report a problem
        6/30/2023Listing removed--
        Source: Douglas Elliman Report a problem
        6/5/2023Pending sale$3,999,000$757/sqft
        Source: Douglas Elliman #23-254503 Report a problem
        6/5/2023Contingent$3,999,000$757/sqft
        Source: CLAW #23-254503 Report a problem
        6/1/2023Listed for sale$3,999,000$757/sqft
        Source: CLAW #23-254503 Report a problem
        5/31/2023Contingent$3,999,000$757/sqft
        Source: CLAW #23-254503 Report a problem
        5/30/2023Price change$3,999,000-4.8%$757/sqft
        Source: CLAW #23-254503 Report a problem
        4/24/2023Price change$4,199,000-8.7%$795/sqft
        Source: CLAW #23-254503 Report a problem
        3/28/2023Listed for sale$4,599,000$870/sqft
        Source: CLAW #23-254503 Report a problem
        1/19/2012Listing removed$2,250
        Source: TMC Report a problem
        11/10/2011Listed for rent$2,250
        Source: TMC Report a problem

        Public tax history

        Tax history is unavailable.
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 90254

        Getting around

        87 / 100
        Very Walkable
        93 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating

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