Sold
Listed By:
Benjamin Bevill with BerkshireHathaway HomeServices;
Sold By:
Compass
Address
1025 Manhattan Avenue, Hermosa Beach, CA
Price
$ 1,800,000
Property Attributes
  • MLS#SB24033002
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CityHermosa Beach
  • Zip90254
  • Style
  • Price$ 1,800,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2408
  • Lot Size3,994 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

***Back on the market, buyer could not perform*** Introducing an exceptional investment opportunity in the highly sought-after Hermosa Beach Sand section! Located just steps from the Strand, this remarkable income property boasts panoramic ocean views stretching from Palos Verdes to Malibu, best enjoyed from the expansive 400 square foot rooftop deck featuring artificial turf, a fireplace, a sitting area, and a sunbathing spot, or enjoy the amazing view from the living room of the rear unit. This triplex comprises a spacious 2-bed, 2-bath unit and (two) 1-bed, 1-bath units, all currently occupied by longstanding tenants with a proven track record of consistent rent payments, ensuring immediate income generation. With tenants on flexible month-to-month leases, transitioning to new ownership is seamless, offering investors and developers a fantastic value-add opportunity. This property offers (two) 2-car garages, individual laundry in each unit, private decks, an enclosed backyard/patio space, and lightly updated kitchens. Situated just off Hermosa Beach’s renowned Pier Avenue, residents can indulge in a plethora of dining, shopping, and beachfront delights. Whether you’re an investor, vacation property specialist, land developer, or a savvy buyer with dreams of crafting your own home, this property offers endless possibilities! Watch property highlight video at: https://www.wellcomemat.com/video/54fb41bdf9191li3u/SB24033002/

Price History
2/16/2024 Listed $2,750,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 90254

Price
AVG $3.93M
$1.8M