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Listed by Gary Richardson, DRE #00466560 • Strand Hill Properties
$ 5,775,000
Est. payment /mo
Active
148 Monterey BLD Hermosa Beach, CA 90254
4,788 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26127216
Year Built 1985
Lot Size 4,788 Sqft
Source California Regional MLS
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 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."
Location
State CA
County Los Angeles
Area 148 - Hermosa Bch Sand
Interior
Laundry Community Facility
Exterior
Garage Spaces 9.0
Pool 31, None
View Ocean
Building
Sewer TBD
Water District - Public
Others
Tax ID 4188016065
Special Listing Condition Not Applicable
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