John E Burge

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148 Monterey BoulevardHermosa Beach, CA 90254

Multi-Family · 5,284 Sq. ft. | 0.11 Acres
$5,775,000 Active

148 Monterey Boulevard Overview

Time on Site:
18 days
Visits:
0

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.

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148 Monterey Boulevard Facts & Features

  • Type Multi-Family
  • Sq. ft. 5,284
  • Price/Sq.ft. $1,093
  • Lot 0.11 Acres

Details

General

Association/HOA

  • Common Interest: None

Income/Expenses

  • Gross Income: 259200.0
  • Gross Scheduled Income: 259200.0
  • Net Operating Income: 168480.0
  • Operating Expense: 90720.0

Building Information

  • New Construction: No
  • Year Built: 1985

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: 148 - Hermosa Bch Sand
  • Postal City: HERMOSA BEACH

Community/Development

  • Community Features: Biking,Curbs,Dog Park,Fishing,Park,Sidewalks

Rent/Lease Information

  • Land Lease: No

General Information

  • Listing Terms: Cash,Cash to New Loan,Conventional
  • Parcel Number: 4188016065
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Rent Control: No
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage Spaces: 9.0
  • Garage: Yes

Building Interior

  • Building Area Total: 5284.0
  • Building Area Units: Square Feet

General Information

  • Common Walls: 2+ Common Walls
  • Entry Level: 2
  • Entry Location: main
  • Laundry Features: Common Area
  • Spa Features: None
  • Spa: No
  • Stories Total: 3

Exterior

Parking Information

  • Parking Total: 9.0

Lot Information

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Acres: 0.1099
  • Lot Size Area: 4788.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 4788.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Property Attached: Yes

    General Information

    • Number Of Units Leased: 5
    • Number Of Units Total: 5
    • Pool Features: None
    • Pool Private: No
    • Sewer: Unknown

    148 Monterey Boulevard Neighborhood

    Community

    90254 (Hermosa Beach) Demographics

    40
    Median Age
    9,471
    Population Density (per sq. mile)
    81%
    College Educated
    $142,500
    Estimated Median Income
    4,309
    Estimated Total Home Owners
    4,287
    Estimated Total Renters
    50% / 50%
    Estimated Owner / Renter Divide
    2
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    148 Monterey Boulevard Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    148 Monterey Boulevard Market Data

    Based on the last 30 days in this zip code

    $3,283,666
    Average List Price
    $1,427
    Average Price per Square Foot
    15
    Properties Sold
    71
    Average Days on Market
    144
    Properties for Sale
    Calculations provided by Reliance Network

    148 Monterey Boulevard History

    Date Event Value Agent
    6/11/2026Source: CRMLS Added to Database
    June 11, 2026
    Listing provided courtesy of Strand Hill PropertiesGary Richardson- MLS# SB26127216MLS ProviderContact Information: [email protected] -
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