Hermosa Beach, CA 90254,1025 Manhattan AVE
Hermosa Beach, CA 90254,1025 Manhattan AVE
Hermosa Beach, CA 90254,1025 Manhattan AVE
59
$1,800,000
$2,750,000
34.5%
Est.Price: ?

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3,994 Sqft Lot

1025 Manhattan AVE Hermosa Beach, CA 90254

Est. payment /mo
SOLD DATE : 04/11/2024

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Key Details

Sold Price $1,800,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB24033008

Sold Date 04/11/24

HOA Y/N No

Year Built 1912

Lot Size 3,994 Sqft

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!

Location

State CA

County Los Angeles

Area 148 - Hermosa Bch Sand

Zoning HBRPYY

Interior

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Garage Door-Multi, Garage

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Biking, Dog Park, Fishing, Park, Sidewalks, Water Sports

View Y/N Yes

View Catalina, Ocean, Water

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Unknown

Water Public

New Construction No

Others

Senior Community No

Tax ID 4187006021

Acceptable Financing Cash, Cash to Existing Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to Existing Loan, Conventional, 1031 Exchange

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Benjamin Bevill • BerkshireHathaway HomeServices • 916-243-8675
Bought with Mark Leddy • Compass

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JT Contrestano

Broker Associate | License ID: 01920263

+1(559) 360-2931

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