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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!

Overview

Property Status
Sold
Date Sold
April 11, 2024
Lot Size
3,996 Sq.Ft.
MLS ID
SB24033008
Property Type
Multi-Family
Year Built
1912

Features & Amenities

Total Area
2,408 Sq.Ft.
Neighborhood
Hermosa Beach
View Description
Catalina, Ocean, Water
Stories
2
Garage Spaces
4.0
Water Source
Public
Pool
None
Lot Features
2-5 Units/Acre
Parking
Door-Multi, Garage
Laundry Room
Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Sewer
Unknown
Sales Price
$1,800,000
Zoning
HBRPYY

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1025 Manhattan Avenue

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for your interest in 1025 Manhattan Avenue, Hermosa Beach, CA 90254

1025 Manhattan Avenue
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Hermosa Beach shoreline and pier, with waves breaking beside the broad sandy beach.

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