$1,800,000
$2,750,000
34.5%For more information regarding the value of a property, please contact us for a free consultation.
1025 Manhattan AVE Hermosa Beach, CA 90254
4 Beds
4 Baths
2,408 SqFt
Key Details
Sold Price $1,800,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,408 sqft
Price per Sqft $747
MLS Listing ID SB24033002
Sold Date 04/11/24
Bedrooms 4
Full Baths 4
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! Watch property highlight video at: https://www.wellcomemat.com/video/54fb41bdf9191li3u/SB24033002/
Location
State CA
County Los Angeles
Area 148 - Hermosa Bch Sand
Zoning HBRPYY
Rooms
Main Level Bedrooms 2
Interior
Interior Features Balcony, Open Floorplan, Stone Counters
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Appliance Electric Oven, Gas Oven, Gas Range
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking, Dog Park, Fishing, Park, Water Sports
View Y/N Yes
View City Lights, Ocean
Porch Rear Porch, Enclosed, Open, Patio, Porch, Rooftop
Attached Garage Yes
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Unknown
Water Public
Level or Stories Two
New Construction No
Schools
Elementary Schools Hermosa View
Middle Schools Hermosa Valley
High Schools Mira Costa
School District Hermosa
Others
Senior Community No
Tax ID 4187006021
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Mark Leddy • Compass