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Additional details
$ 5,775,000
Est. payment /mo
Active
148 Monterey Boulevard Hermosa Beach, CA 90254
8 Beds
8 Baths
4,788 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26127216
Bedrooms 8
Lot Size 4,788 Sqft
Property Sub-Type Res Income 2-4 Units
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 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."
Location
State CA
County Los Angeles
Zoning Public Rec
Direction south of 2nd Street
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 4188016065
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://148monterey-hb.com/?mls=1
Listed by Gary Richardson, DRE#00466560 Strand Hill Properties
NEARBY SCHOOL & BUSINESS
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