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(310)918-5027
Real Estate Company
1025 Manhattan Avenue, Hermosa Beach, CA 90254
- $1,800,000
- 4
- BD
- 4
- BA
- 2,408
- SqFt
- Sold Price
- $1,800,000
- List Price
- $2,750,000
- Closing Date
- Apr 11, 2024
- Status
- CLOSED
- MLS#
- SB24033002
- Year Built
- 1912
- Bedrooms
- 4
- Bathrooms
- 4
- Living Sq. Ft
- 2,408
- Lot Size
- 3,996
- Acres
- 0.09
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 23
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- Two Levels
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! Watch property highlight video at: https://www.wellcomemat.com/video/54fb41bdf9191li3u/SB24033002/
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Additional Information
- Appliances
- Electric Oven, Gas Oven, Gas Range
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- City Lights, Ocean
- Patio
- Rear Porch, Enclosed, Open, Patio, Porch, Rooftop
- Garage Spaces Total
- 4
- Sewer
- Unknown
- Water
- Public
- School District
- Hermosa
- Elementary School
- Hermosa View
- Middle School
- Hermosa Valley
- High School
- Mira Costa
- Interior Features
- Balcony, Open Floorplan, Stone Counters
- Attached Structure
- Attached
- Number Of Units Total
- 3
Listing courtesy of Listing Agent: Benjamin Bevill (bbevill24@gmail.com) from Listing Office: BerkshireHathaway HomeServices.
Listing sold by Mark Leddy from Compass
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.