Hermosa Beach Homes with Apartment Subtype

Hermosa Beach Homes with Apartment Subtype

Welcome to Hermosa Beach, a picturesque coastal gem nestled in the heart of Los Angeles County, California. Renowned for its stunning ocean views, vibrant beach culture, and a laid-back lifestyle, Hermosa Beach offers a unique blend of relaxation and excitement. With its sandy shores stretching for miles, this charming city is perfect for sun-seekers, surfers, and those who appreciate the outdoors. The iconic Hermosa Beach Pier is a focal point, providing a scenic spot for leisurely strolls, dining, and entertainment.

Hermosa Beach is not just about the sun and surf; it boasts a thriving community with a rich cultural scene, featuring art galleries, local boutiques, and a variety of restaurants that serve everything from fresh seafood to international cuisine. Active residents enjoy a plethora of recreational activities, including beach volleyball, biking along the Strand, and yoga on the sand.

For those seeking a home in this coastal paradise, Hermosa Beach offers a variety of housing options, including charming apartments that perfectly complement the beach lifestyle. These homes often feature modern amenities, spacious layouts, and breathtaking views of the Pacific Ocean. Whether you’re looking for a cozy one-bedroom apartment or a larger family space, Hermosa Beach has something for everyone.

Living in Hermosa Beach means embracing a lifestyle that balances relaxation with vibrant community life. With its stunning scenery, welcoming atmosphere, and diverse housing options, it's no wonder that Hermosa Beach is a sought-after destination for homebuyers looking to experience the best of Southern California living. Come discover your dream home in this coastal haven!

Newest Hermosa Beach Homes with Apartment Subtype

$4,400,000
SB26163830 MLS Active Status
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 through the continued turnover of below-market rents. Upon stabilization, the asset offers a projected 4.48% Market CAP Rate and 15.80 Market GRM, providing an attractive opportunity to increase cash flow while owning a premier coastal asset. Additionally, the property is located within the California Coastal Zone, offering the potential for future short-term rental use, subject to buyer verification of all applicable regulations and permitting requirements. The property also features eight on-site parking spaces, including four carport spaces and four tandem spaces, a valuable amenity in this highly walkable beach community. Combined with its desirable unit mix and premier Sand Section location, the property is well-positioned to attract long-term tenants seeking a coastal lifestyle. With immediate access to Hermosa Beach Pier, The Strand, award-winning restaurants, boutique retail, and some of Southern California's most desirable beaches, 1500 Manhattan Avenue represents an exceptional opportunity to acquire a high-quality multifamily investment in one of the region's most supply-constrained and consistently appreciating coastal markets.

1500 Manhattan Ave, Hermosa Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.