Hermosa Beach Homes with Apartment Subtype

Hermosa Beach Homes with Apartment Subtype

Welcome to Hermosa Beach, a stunning coastal gem nestled in the heart of Los Angeles County, California. This vibrant beach city is renowned for its breathtaking ocean views, golden sandy beaches, and a laid-back lifestyle that captures the essence of California living. With a population of around 20,000 residents, Hermosa Beach boasts a tight-knit community that embraces both relaxation and recreation.

The city is famous for its picturesque pier, bustling Strand bike path, and a plethora of outdoor activities, from surfing the Pacific waves to enjoying beach volleyball on the sandy courts. Hermosa Beach is also home to a lively dining and entertainment scene, featuring an array of trendy restaurants, cozy cafes, and vibrant nightlife options that cater to all tastes.

When it comes to real estate, Hermosa Beach offers an enticing mix of properties, including charming homes with apartment subtypes. These residences provide the perfect blend of space and convenience, making them ideal for families, young professionals, or anyone looking to enjoy the coastal lifestyle. Many of these homes feature modern amenities, spacious layouts, and stunning ocean views, allowing you to soak in the beauty of your surroundings from the comfort of your own living room.

With its welcoming atmosphere, thriving community, and endless recreational opportunities, Hermosa Beach is not just a place to live—it's a lifestyle. Whether you're looking for a cozy apartment by the beach or a spacious home with room for entertaining, Hermosa Beach has something for everyone. Discover your dream home in this idyllic coastal paradise today!

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

Start Your Search

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.