5,018 Sqft Lot
5,018 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
MLS Listing ID SB26048379
HOA Y/N No
Year Built 1936
Lot Size 5,018 Sqft
Property Sub-Type Apartment
Property Description
The property consists of 12 units: six one-bedroom units and six studios, offering a strong mix in an unbeatable coastal setting. Current rents are estimated at roughly 50% of market, creating substantial upside for an investor looking to renovate and reposition the property over time.
Opportunities of this scale in Hermosa Beach are extremely limited: only 4 other properties with more than 10 units have sold on the market in the past decade. At well under $350,000 per unit and situated only two blocks from the Hermosa Pier, 712 Manhattan Avenue represents an unparalleled chance to acquire a larger multifamily asset in a premier beach community with clear value-add potential and long-term investment appeal.
Location
State CA
County Los Angeles
Area 148 - Hermosa Bch Sand
Interior
Heating Floor Furnace
Fireplace No
Laundry None
Exterior
Parking Features None
Pool None
Community Features Biking, Street Lights, Sidewalks, Water Sports
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4187022011
Energy Description 31.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Nearby Locations
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