315 Manhattan Ave

Hermosa Beach, CA 90254 View Map $2,100,000 Schedule a Tour
Sq.Ft. Lot1,530
Year1935
Schedule a Tour
Customer Support

Customer Support

(310) 982-2107
 
ASAP
Sun
16
May
Mon
17
May
Tue
18
May
Wed
19
May
Thu
20
May
Fri
21
May
Sat
22
May
Choose Your Date -- It's Free, Cancel Anytime
Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:SB21091718
On Site:12 Days
Lot Size:1,530 Sq. Ft.
County:Los Angeles
315 Manhattan Ave in Hermosa Beach is a pride-of-ownership duplex located in the desirable sand section just two blocks from The Strand. The 1,728 SF building is situated on a 1,530 SF lot and has been completely remodeled with top-of-the-line upgrades. This property features a unit mix of (1) 2-bed/1-bath unit and (1) large studio unit, currently bringing in a combined $5,600 a month in GSI.
The entire property has undergone the following renovations: in-unit/patio area washer & dryers, hardwood flooring throughout, new SS kitchen appliances, new doors, new roof, remodeled garage, completely renovated bathrooms with new sinks, tubs, toilets, tankless hot water heaters, new electrical, gas, plumbing, interior lighting, and high-speed internet throughout the units.
This turn-key asset is in one of Los Angeles' strongest rental markets and is a perfect opportunity for both owner-users and investors

Mortgage Calculator

$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Community Information

Address:315 Manhattan Ave Hermosa Beach, CA 90254
Zip Code:90254

Architecture

Year Built:1935
Stories:2
Number of Buildings: 1
Total Units: 2
Stories Total: 2
Unit 1: 1 Unit•1 Bath•Unfurnished•$2,100 actual rent•$2,100 total rent•$2,350 pro forma
Unit 2: 1 Unit•2 Beds•1 Bath•Unfurnished•$3,500 actual rent•$3,500 total rent•$3,500 pro forma
Garage Spaces: 2.0
Parking Features: Garage
Parking Total: 2.0

Features / Amenities

Appliances: Dryer, Washer
Common Walls: No Common Walls
Cooling: Central Air
Heating: Central, Natural Gas, Wall Furnace

Property Features

Lot Size: 0.04 Acres / 1,530 Sq. Ft.
Lot Features: Landscaped
View: Mountain(s), Ocean
Sewer: Public Sewer
Water: Public
Zoning:HBR3YY
Directions:Located at 315 Manhattan Ave in Hermosa Beach.

Tax and Financial Info

Cap Rate: 1.75
Gross Income: $67,200
Gross Scheduled Income: $67,200
Net Operating Income: $36,717
Gardener Expense: $1,200
Insurance Expense: $691
Maintenance Expense: $2,016
New Taxes Expense: $22,960
Other Expense: $1,600
Operating Expense: $28,467
Terms: CashtoNewLoan

Schools

WALKING AND TRANSPORTATION

0
Wait...
Walk Score ®
0
Wait...
Transit Score ®
0
Wait...
Bike Score ®
Please wait while loading...

Schedule a Tour

315 Manhattan Ave Hermosa Beach, CA 90254
GO SEE THIS LISTING
315 Manhattan Ave Hermosa Beach, CA 90254
 
ASAP
Sun
16
May
Mon
17
May
Tue
18
May
Wed
19
May
Thu
20
May
Fri
21
May
Sat
22
May
Choose Your Date -- It's Free, Cancel Anytime
Printable Flyer Get Directions
Listing provided courtesy of Brett Lyon, Lyon Stahl Investment Real Estate, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of May 15, 2021. 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, 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. IDX provided by Sierra Interactive.