1025 Manhattan Avenue, Hermosa Beach, California 90254
- $2,750,000
- $2,750,000
Overview
- Triplex, Residential Income
- 4.0
- 2408 Sqft
- 1912
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!
Address
Open on Google Maps-
Address: 1025 Manhattan Avenue
-
State/county: CA
-
Zip/Postal Code: 90254
-
Country: US
Details
Updated on April 12, 2024 at 9:06 pm-
Property ID SB24033008
-
Price $2,750,000
-
Property Size 2408 Sqft
-
Land Area 0.0917 Acres
-
Garages 4.0
-
Year Built 1912
-
Property Type Triplex, Residential Income
-
Property Status Closed
Additional details
-
Listing Terms Cash, Cash to Existing Loan, Conventional, 1031 Exchange
-
Sewer Unknown
-
County Los Angeles
-
Property Type Residential Income
-
Pool None
-
Parking Door-Multi, Garage
-
Community Features Biking, Dog Park, Fishing, Park, Sidewalks, Water Sports
Mortgage Calculator
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
-
PMI
-
Monthly HOA Fees