***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 h
MLS #
CRSB24033002
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.50%
Bedrooms
Other
Appliances
Oven - Electric, Oven - Gas, Oven Range - Gas
Fireplace
None
Cooling
None
Heating
Wall Furnace
Pool
None
Garage/Parking
Garage: 4 Car(s)
Elementary District
Hermosa Beach City Elementary
HOA Fee
$0
Zoning
HBRPYY
1025 Manhattan Ave is a Triplex in Hermosa Beach, CA 90254. This 2,408 square foot property sits on a 3,996 Sq Ft Lot and features 4 bedrooms & 4 full bathrooms. It is currently priced at $1,800,000 and was built in 1912.
This address can also be written as 1025 Manhattan Ave, Hermosa Beach, CA 90254.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of April 12, 2024. For the most current information, please contact Benjamin Bevill, (310) 318-9386