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Sold

1025 Manhattan Avenue

1025 Manhattan Avenue, Hermosa Beach, CA 90254

$1,800,000
***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!

2,408 Sq.Ft. LIVING AREA

3,996 Sq.Ft. lot

Mark Leddy

Mark Leddy

Features & Amenities

Interior

  • Laundry room Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Area & Lot

  • Status Sold
  • Living Area2,408 Sq.Ft.
  • Lot Area3,996 Sq.Ft.
  • MLS® IDSB24033008
  • TypeMulti-Family
  • YEAR BUILT1912
  • NeighborhoodHermosa Beach
  • View DescriptionCatalina, Ocean, Water

Exterior

  • STORIES2
  • Garage Space4.0
  • water SourcePublic
  • PoolNone
  • lot features2-5 Units/Acre
  • parkingDoor-Multi, Garage
  • sewerUnknown

Financial

  • Sales Price$1,800,000
  • Zoning HBRPYY

Hermosa Beach

The city is located in the South Bay region of the Greater Los Angeles area.

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