Listed by Jonathan Nikfarjam, Shield CRE, Inc.,

821 Manhattan Avenue

Hermosa Beach, CA, 90254

$5,800,000

$1,500 per ft²
$5,800,000
$1,500 per ft²
Active
Active
 - For Sale
carpenters-square
3,865 ft²
property_type
Multi-family
calendar
Built 1953
Outstanding Hermosa Beach Location - Just 700 Feet from the Beach | One Block from Hermosa Avenue and Two Blocks from Pier Avenue & Downtown Hermosa | Fully Remodeled Units with White Oak Engineered-Wood Floors, Quartz Countertops, Subway Tile Back Splashes, and Newer Stoves, Refrigerators, Dishwashers, Heaters, Ceiling Fans, Windows, Recessed Lights & Cabinets | Each Unit Contains Washer & Dryer and Newer Electric Subpanels | One Unit with Spacious Private Deck with Ocean Views & Four Units with Skylights | All Bathrooms Upgraded with Newer Fixtures, Rain Showerheads, Glass Enclosures & Subway TilesBuilding Features Full Copper Plumbing and Newer Roof, Railings, Decks & Stairs | Total of Six Garages with Newer Garage Doors | Updated Underground Electrical with Newer Main Electrical Panel | Approximately 44% in Rental Upside - 4.24% Pro-Forma Cap Rate & 17.17 Pro-Forma GRM | (Two) 2-Bedroom/1-Bathroom Units & (Five) 1-Bedroom/1-Bathroom Units | Close Proximity to the Dining, Retail, & Entertainment Options of Pier Avenue, Hermosa Avenue, King Harbor, & the Hermosa Beach Pier
MLS® ID:
22174893
Listed:
7/4/22
Updated:
9/29/22

Exterior/Building Features

Lot Size
2,995 ft² lot

Other Property Details

Area Name
148 - Hermosa Bch Sand
Garage
Yes
Garage Spaces
6
Parking
Garage
Parking Total
6.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
HBR3YY

 

Listed by Jonathan Nikfarjam, Shield CRE, Inc.,

Based on information from California Regional Multiple Listing Service, Inc. as of 9/29/22. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 7:29 PM UTC, 9/29/22

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