Sold

1025 Manhattan Avenue

Hermosa Beach CA, 90254

$1,800,000


$747.51 per sqft

Sold

4 Beds

4 Baths

2,408 sqft

Multi-family

Built in 1912

Listed by Benjamin Bevill with BerkshireHathaway HomeServices 310-318-9386

***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/

SB24033002

MLS ID

January 29, 2024

Listed

April 12, 2024

Updated

Map

1025 Manhattan Avenue
Hermosa Beach CA, 90254

Interior Features

Total Stories

2


Bedrooms

4 Beds


Bathrooms

4 Baths


Interior Features

Balcony, Open Floorplan, Stone Counters


Appliances

Electric Oven, Gas Oven, Gas Range


Laundry Description

Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup


Fireplace

Yes


Fireplace Description

None


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.09 Acres


Lot Features

2-5 Units/Acre


Sewer

Unknown

School Information

School District

Hermosa


High School

Mira Costa


Elementary School

Hermosa View

Other Property Details

Area Name

148 - Hermosa Bch Sand


Days on Market

24


Garage

Yes


Garage Spaces

4


Parking Total

4


View

Yes


View Description

City Lights, Ocean


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

HBRPYY


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

4/12/2024

Sold

$1,800,000

4/2/2024

Under Contract

3/20/2024

Active

3/2/2024

Pending

Listing Contact: 310-318-9386 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/12/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 4/12/2024 at 11:10 PM UTC

 

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