1126 Manhattan Avenue

    Hermosa Beach, CA 90254
    • $3,299,000
    • STATUS: Active
    • ON SITE: 59 days
    • ID#: SB19093742
    UPDATED: 67 min ago
    $3,299,000
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,496
      SQFT
    • $1,322
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    This Hermosa Sand Section duplex has it all for property investors and/or shrewd owner-occupants looking to live in one unit and rent out the other. Fabulously located in the heart of Hermosa Beach on Manhattan Avenue and Pier Avenue, this duplex is just mere steps from the famous Hermosa Beach Pier and all of its restaurants and entertainment. The building offers exactly what you want in a beachside income property: big views, big units, and big rents (and the units have even more rental upside). Both apartments enjoy large 3-bedroom/2-bathroom spaces with an open kitchen/living room floor plan and have been completely rehabbed. Not only are the units turnkey but a new roof and newer garage doors were installed. What's more, the property boasts six parking spots which are immensely valuable in the impacted street parking area of the Sand Section. Finally, the property offers favorable commercial zoning that could allow certain business uses with a conditional use permit (buyer to verify). For an investment property, it is tough to find a better location, rehabbed units with big rents, and fabulous ocean views from both apartment decks.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T18:38:00.573. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/94085366

    1126 Manhattan Avenue Hermosa Beach, CA 90254

    • Price: $3,299,000
    • Status: Active
    • Updated: 67 min ago
    • ID#: SB19093742
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    2,496
    SQFT
    $1,322
    $/SQFT
    1964
    Built
    Neighborhood:
    148 - Hermosa Bch Sand
    County:
    Los Angeles
    Area:
    148 - Hermosa Bch Sand
    Property Description
    This Hermosa Sand Section duplex has it all for property investors and/or shrewd owner-occupants looking to live in one unit and rent out the other. Fabulously located in the heart of Hermosa Beach on Manhattan Avenue and Pier Avenue, this duplex is just mere steps from the famous Hermosa Beach Pier and all of its restaurants and entertainment. The building offers exactly what you want in a beachside income property: big views, big units, and big rents (and the units have even more rental upside). Both apartments enjoy large 3-bedroom/2-bathroom spaces with an open kitchen/living room floor plan and have been completely rehabbed. Not only are the units turnkey but a new roof and newer garage doors were installed. What's more, the property boasts six parking spots which are immensely valuable in the impacted street parking area of the Sand Section. Finally, the property offers favorable commercial zoning that could allow certain business uses with a conditional use permit (buyer to verify). For an investment property, it is tough to find a better location, rehabbed units with big rents, and fabulous ocean views from both apartment decks.
    Exterior Features

    Garage Spaces 3.00 Lot Features No Landscaping Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedGarage Parking Total 3.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features In Garage

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Suburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 126000.00 Gross Scheduled Income 126000.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 76000.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 50000.00 Operating Expense Percent 40.00 Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 50000.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Hbrpyy

    Listing provided courtesy of Richard Haynes of Manhattan Pacific Realty, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T18:38:00.573. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024