1025 Manhattan Avenue, Hermosa Beach CA, 90254
(Closed)
Sold Price:
$1,800,000
Date:04/11/2024
$1,800,000
Date:04/11/2024
|
4 beds, 4 Full baths, 2,408 sqft
|
MLS# SB24033002
Last Updated: 4/27/2024 4:00 PM
Description for
1025 Manhattan Avenue
Hermosa Beach, CA 90254
***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 Beachs renowned Pier Avenue, residents can indulge in a plethora of dining, shopping, and beachfront delights. Whether youre 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/
Price
Sold Price:
$1,800,000
Sold Date:04/11/2024
$1,800,000
Sold Date:04/11/2024
Los Angeles
4
4 Full
2,408 (approx)
SB24033002
Closed
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 Beachs renowned Pier Avenue, residents can indulge in a plethora of dining, shopping, and beachfront delights. Whether youre 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/
Listing Information
| Property Type: Single Family, Triplex, Multi-Family, 2 Story | ||
| 4 | 4 Full | |
| 0.09 Acres | Assessor | 2,408 (approx) |
| 1912 | Yes-4 spaces | 2 |
Public
Unknown
Neighborhood
School Information
| District: Hermosa | ||
| Hermosa View | Hermosa Valley | Mira Costa |
Room Information
| Bathrooms: Main Level: 2 | |||
| 4 | |||
Main Level: 2, Total: 4
Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup
Interior Features
Electric Oven,Gas Oven,Gas Range
None
Other,
Wall Furnace
1 Common Wall
Manhattan Ave or Palm Ave
None
Balcony,Open Floorplan,Stone Counters
Exterior / Lot Features
4 Garage Spaces,
4 Parking Spaces,
0 Covered Parking Spaces,
Rear Porch,Enclosed,Open,Patio,Porch,Rooftop
None
None
Ocean, City
2-5 Units/Acre
Driving Directions
Coming from PCH, on Pier Ave turn left onto Manhattan Ave, Property is on the right
Financial Considerations
| 4187006021 |
Cash,Cash to New Loan,Conventional,1031 Exchange
Listing Price History
Hermosa Beach Real Estate
Hermosa Beach is located in California. Hermosa Beach, California 90254 has a population of 19,465.
The median household income in Hermosa Beach, California 90254 is $146,873. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Hermosa Beach 90254 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/12/2024 | Sold | $1,800,000 USD -34.55% |
|
| 4/2/2024 | Contingent | $2,750,000 USD |
|
| 3/22/2024 | Active | $2,750,000 USD |
|
| 3/2/2024 | Pending | $2,750,000 USD |
|
| 2/16/2024 | Active | $2,750,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $7,531 USD | 1.50% | $527,404 USD | 2.00% |
| 2022 | $7,420 USD | 0.22% | $517,064 USD | 2.00% |
| 2021 | $7,404 USD | -0.03% | $506,927 USD | - |
| 2020 | $7,406 USD | 0.97% | $506,927 USD | 1.04% |
| 2019 | $7,335 USD | 5.16% | $501,730 USD | 2.00% |