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Listed by: Cameron Samimi (310) 259-7556 DRE #02035763, Woody Stahl DRE #01399621 | Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
$4,400,000
8 Beds
- 7 Baths
4,604sqft
1500 Manhattan Ave, Hermosa Beach, CA 90254
$4,400,000
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Apartment
Built in 1962
$-- HOA
4,506 sqft lot
$956/sq.ft
Description
1500 Manhattan Avenue presents a rare opportunity to acquire a six-unit multifamily property in the heart of Hermosa Beach's highly sought-after Sand Section, just moments from the beach, The Strand, and the vibrant dining, shopping, and entertainment along Pier Avenue. Situated on a 4,506 square foot lot, the property consists of six well-designed units, including one (3-Bedroom/2-Bath), two (2-Bedroom/1-Bath), one (1-Bedroom/1-Bath), and two studio units, totaling approximately 4,604 square feet of rentable building area.
Offered at a 3.41% Current CAP Rate and 18.45 Current GRM, the property provides investors with stable in-place income and additional upside thro...
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
--
Year Built
1962
HOA Fees
-
Finished Area
4,604 sqft
Lot Size
4,506 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
SB26163830
MLS Status
Active
Days on Market
32
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