Hermosa Beach, CA 90254,1025 Manhattan Avenue
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Hermosa Beach, CA 90254,1025 Manhattan Avenue
Hermosa Beach, CA 90254,1025 Manhattan Avenue
Hermosa Beach, CA 90254,1025 Manhattan Avenue
Hermosa Beach, CA 90254,1025 Manhattan Avenue

$1,800,000

Est. payment /mo

$2,750,000

34.5%
Est.Price: ?

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1025 Manhattan Avenue Hermosa Beach, CA 90254

4 Beds

SOLD DATE : 04/11/2024

Key Details

Sold Price $1,800,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB24033008

Bedrooms 4

Property Sub-Type Res Income 2-4 Units

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 Beachs renowned Pier Avenue, residents can indulge in a plethora of dining, shopping, and beachfront delights. Whether youre 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

Zoning Public Rec

Exterior

View Y/N No

Building

Story 2

Others

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

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MLS Router / San Diego MLS
Listed by Benjamin Bevill BerkshireHathaway HomeServices
Bought with Mark Leddy Compass
Candi DeMoura

Candi DeMoura

Realtor | License ID: 01930846

+1(858) 900-1333

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