$5,775,000
148 Monterey Boulevard, Hermosa Beach CA 90254
Multi-Family (Fourplex)
Property type
4 days
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 16, 2026 at 01:19pm.
Last checked: Jun 16, 2026 at 02:00pm
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