1025 Manhattan Ave

Hermosa Beach, CA 90254 View Map $1,800,000 Ask a Question
Beds4
Baths4
Sq.Ft.2,408
Year1912
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Status: Sold
Property Type:Triplex
MLS #:SB24033002
Sq. Feet:2,408
Date Sold:4/11/2024
Lot Size:3,996 Sq. Ft.
County:Los Angeles

Listing Agent/Office

Agent:Benjamin Bevill
Office:Berkshirehathaway Homeservices
Broker Phone:916-243-8675
***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/

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
4/12/2024$2,750,000$1,800,000-34.5%

Community Information

Address:1025 Manhattan Ave, Hermosa Beach, CA 90254
Area:148 - Hermosa Bch Sand
County:Los Angeles
City:Hermosa Beach
Zip Code:90254

School Information

School System:Hermosa
High School:Mira Costa
Middle School:Hermosa Valley
Elementary School:Hermosa View

Architecture

Bedrooms: 4
Bathrooms: 4
Year Built:1912
Stories:2
Style:Triplex
Total Units: 3
Stories Total: 2
Garage Spaces: 4.0

Features / Amenities

Interior Features: Balcony, Open Floorplan, Stone Counters
Appliances: Electric Oven, Gas Oven, Gas Range
Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Room Type: Bedroom
Patio And Porch: Rear Porch, Enclosed, Open, Patio, Porch, Rooftop
Entry Level: 1
Entry Location: Manhattan Ave or Palm Ave
Common Walls: 1 Common Wall
Parking Total: 4.0
Heating: Wall Furnace

Rooms

Features
BedroomMultiLevelBedroom

Property Features

Lot Size: 0.09 Acres / 3,996 Sq. Ft.
Lot Features: Item25UnitsAcre
View: City Lights, Ocean
Water: Public
Zoning:HBRPYY
Directions:Coming from PCH, on Pier Ave turn left onto Manhattan Ave, Property is on the right

Tax and Financial Info

Buyer Financing: Cash
Terms: Cash, CashtoNewLoan, Conventional, Item1031Exchange
Land Lease: No
Buyer Agency Compensation: 2.500%

Schools

WALKING AND TRANSPORTATION

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Based on information from California Regional Multiple Listing Service, Inc. as of April 13, 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, 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.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.