$5,775,000
148 Monterey Boulevard, Hermosa Beach CA 90254
Multi-Family (Fourplex)
Property type
1 day
On market
$1,093
Price per sqft
9 cars
Garage
1985
Year built
4,788 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Gary Richardson DRE #00466560 310-480-7694, Strand Hill Properties
Listing updated: Jun 12, 2026 at 02:25am.
Last checked: Jun 12, 2026 at 03:00am
Source: CRMLS #SB26127216
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 2 | — | $5,000 | $5,000 | $5,500 | Unfurnished |
| 1 | 2 | 2 | — | $4,100 | $4,100 | $5,300 | Unfurnished |
| 1 | 2 | 2 | — | $4,000 | $4,000 | $5,000 | Unfurnished |
| 1 | 2 | 2 | — | $4,500 | $4,500 | $5,300 | Unfurnished |
| 1 | 2 | 2 | — | $4,000 | $4,000 | $5,000 | Unfurnished |
# of Buildings: 1
# of Units Total: 5
Separate Electric Meters: 6
Separate Gas Meters: 5
Separate Water Meters: 1
Rent Control: No
Units Leased: 5
Total Actual Rent: $21,600
Financial Snapshot
Gross Rent Multiplier
22.3x
List Price / Annual Gross Rent
Cap Rate
2.92%
NOI / List Price
Gross Scheduled Income: $259,200
Operating Expense: $90,720
Net Operating Income: $168,480
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $0
Professional Management: $0
Trash: $0
Water / Sewer: $0
Interior
Laundry: Common Area
Entry Location: Main
Exterior
Property Attached: Yes
Stories Total: 3
Common Walls: Two Common Walls Or More
Lot Features: Zero To One Unit Acre
Pool: None
Spa: None
Water Source: Public
Sewer: Unknown
View: Ocean
Garage and Parking
Garage Spaces: 9
Parking Total: 9
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 4188016065
Additional Parcels: No
Tax Lot: 8
Community
Senior Community: No
Community Features: Biking, Curbs, Dog Park, Fishing, Park, Sidewalks
Nearby Schools
Nearby schools around the 148 Monterey Boulevard, Hermosa Beach, CA 90254. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$4,620,000
Total Interest
$5,892,555
Total Payment
$10,512,555
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$35,367
per month
Property History for 148 Monterey Boulevard
Hermosa Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90254.
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