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