148 Monterey Boulevard, Hermosa Beach, California 90254, Hermosa Beach, 90254 - 0 bed, 0 bath
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Hermosa Beach, California 90254
Analysis of 148 Monterey Boulevard, Hermosa Beach, California 90254 is currently available with a list price of $5,775,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Hermosa Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1985 (39 years old), the property is well-maintained but dated. While it sits on the age threshold for a lower rating, the 'well-maintained' description and full occupancy suggest it lacks major structural defects, though kitchens, baths, and systems likely require updates to maximize rental potential.
Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
Situated in the highly desirable Hermosa Beach Sand section, this property offers walking distance to the beach, pier, and top-tier dining, ensuring high tenant demand and long-term appreciation.
Rare for high-density beach communities, the property provides 10 parking spaces (two per unit), a significant competitive advantage that justifies premium rental rates.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5284, other record living area = 5234.
With a list price exceeding $5.7M, the high price-per-door may result in a lower initial cap rate, requiring a sophisticated investor to realize the projected rental upside.
The reliance on shared laundry facilities rather than in-unit hookups may be a disadvantage when competing with newer luxury developments in the immediate area.
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."
No exterior & parking available.
Grades K-3 • 1.0 mi
Grades K-5 • 1.7 mi
Grades 4-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 5,284 | - |
| Lot Size | 4,788 | - |
| Price | $5.78M | $2.42M |
| Price per sq ft | $1.1K | $1.6K |
| Built year | 1985 | 0 |
| HOA | $0 | $0 |
| Days on market | 41 | 59 |
Jun 11, 2026
$5,775,000
Initial Listing
Jun 30, 2023
$4,000,000
Public Record