315 Manhattan Avenue, Hermosa Beach, CA 90254

$1,800,000
Sold Price
$1,800,000
List Price
$1,950,000
Closing Date
Sep 16, 2021
Status
CLOSED
MLS#
SB21091718
Year Built
1935
Lot Size
1,530
Acres
0.04
Lot Location
Landscaped
Days on Market
0
Property Type
Multifamily
Stories
Two Levels

Property Description

315 Manhattan Ave in Hermosa Beach is a pride-of-ownership duplex located in the desirable sand section just two blocks from The Strand. The 1,728 SF building is situated on a 1,530 SF lot and has been completely remodeled with top-of-the-line upgrades. This property features a unit mix of (1) 2-bed/1-bath unit and (1) large studio unit, currently bringing in a combined $5,600 a month in GSI. The entire property has undergone the following renovations: in-unit/patio area washer & dryers, hardwood flooring throughout, new SS kitchen appliances, new doors, new roof, remodeled garage, completely renovated bathrooms with new sinks, tubs, toilets, tankless hot water heaters, new electrical, gas, plumbing, interior lighting, and high-speed internet throughout the units. This turn-key asset is in one of Los Angeles’ strongest rental markets and is a perfect opportunity for both owner-users and investors

Additional Information

Appliances
Dryer, Washer
Pool Description
None
Heat
Central, Natural Gas, Wall Furnace
Cooling
Yes
Cooling Description
Central Air
View
Mountain(s), Ocean
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
2
Gross Scheduled Income
$67,200
Operating Expense
28467

Listing courtesy of Listing Agent: Brett Lyon (Broker@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..

Listing sold by Ryan Shaw from Compass

Mortgage Calculator

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Calculator source: Real Geeks

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.