1025 Manhattan Avenue

Hermosa Beach, CA 90254

$1,800,000
Last Sold Price
4
Beds
4
Baths
2,408 Sq. Ft.
$748 / Sq. Ft.
2,408
Sq. Ft.
$748
per Sq. Ft.

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...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/
  1. Listed by Benjamin Bevill • DRE #02033028 • Brokerage DRE #01345054 • BerkshireHathaway HomeServices • 916-243-8675

Property Details for 1025 Manhattan Avenue

View
City Lights, Ocean
Parking Spaces Total
4
Private Pool
No
Cooling Type
N/K
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2408

Location

Listing Courtesy of BerkshireHathaway HomeServices, Benjamin Bevill, DRE #02033028

Sold By Compass, Mark Leddy, DRE #01519607; BerkshireHathaway HomeServices, Benjamin Bevill, DRE #02033028

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LISTING UPDATED: 04/12/2024 07:05 AM

Property Details for 1025 Manhattan Avenue

StatusClosed
MLS #SB24033002
Days on Market24
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential
Year Built1912
CountyLos Angeles County

Location

Listing Courtesy of BerkshireHathaway HomeServices, Benjamin Bevill, DRE #02033028

Sold By Compass, Mark Leddy, DRE #01519607; BerkshireHathaway HomeServices, Benjamin Bevill, DRE #02033028

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Building Information for 1025 Manhattan Avenue

Building/Complex1025 Manhattan AveFloor-Stories2Residences-Pet Policy-Year Built1912Building Size-

Payment Calculator

$10,451 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,823

Property Taxes

$628

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1025 Manhattan Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $83,020
  • Gross Scheduled Income: $83,020
  • Gross Operating Income: $83,020
  • Net Operating Income: $34,310
  • Financing: Cash
Expense Details
  • Operating Expense: $48,710
  • Gardener Expense: $600
  • Fuel Expense: $0
  • Licenses Expense: $169
  • Electric Expense: $270
  • Insurance Expense: $0
  • Professional Management Expense: $8,292
  • Trash Expense: $680
  • Water Sewer Expense: $0
  • Total Expenses: $48,710
Tax / Assessment Info
  • Tax Block: 35
  • Tax Tract Number: 4340
  • Tax Census Tract: 6211.04
  • CFD/Mello-Roos Fee: $1,943
  • Tax Lot: 22
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Biking, Dog Park, Fishing, Park, Watersports
Property / Structure Info
Interior Features
  • Appliances: Electric Oven, Gas Oven, Gas Range
  • Equipment: Electric Oven, Gas Oven, Gas Range
  • Interior Features: Balcony, Open Floorplan, Stone Counters
  • Room Type: Multi-Level Bedroom
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Bedroom Features: Multi-Level Bedroom
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Laundry Utilities: Washer Hookup, Gas & Electric Dryer HU
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Heat Equipment: Wall/Gravity
Exterior Features
  • Entry Location: Manhattan Ave or Palm Ave
  • Structure Type: Triplex
  • View Description: Catalina, Ocean, Water
  • Patio: Yes
  • Patio: Enclosed, Patio, Roof Top, Patio Open, Porch
  • Patio And Porch Features: Enclosed, Patio, Patio Open, Porch, Rear Porch, Roof Top
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: 2-5 Units/Acre
  • Lease Considered: No
  • Number Of Units: 3
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Unknown
  • Sewer/Septic: Unknown
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Garage - 2 Car
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Attached Garage: Yes
  • Parking Features: Garage - Two Door
Property / Structure Info
  • Residential Styles: All Other Attached
  • Residential Unit Location: 1 common wall
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,050
  • Unit Type Total Rent: $3,050
  • Unit Type Pro Forma: 6000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,050
  • Unit Type Total Rent: $2,050
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,960
  • Unit Type Total Rent: $1,960
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 1025 Manhattan Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1025 Manhattan Avenue

Taxable ValueLand$360,901Additions$166,503Total$527,404
Tax Record2023$7,531 ($628 / month)
Home Facts
Total Finished SqFt2,408 SqFtAbove Grade Finished SqFt2,408 SqFtLot Size3,996 SqFtStyleTriplexYear Built1912ZoningHBRPYYCountyLOS ANGELESAPN4187-006-021

Schools near 1025 Manhattan Avenue

This home is within Hermosa Beach City Elementary School District.
Rating
School
Type
Grades
Distance
Public - 4 to 8
Public - K to 3
Private - 6 to 12
Private - K to 12
Rating
School
Distance
Hermosa Valley Elementary School
Public4 to 8

Hermosa View Elementary School
PublicK to 3

Fusion Academy Sb: South Bay
Private6 to 12

Hope Chapel Academy
PrivateK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BerkshireHathaway HomeServices, Benjamin Bevill, DRE #02033028

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.