Trophy Income Property with Panoramic Ocean Views! Taken down to the studs in 2017, this virtually brand new 6 unit property is ideally located in a premier north Hermosa location. Features 6 one bedroom/one bath units each with new wide plank oak flooring, new windows and doors, new cabinetry, stainless appliances and quartz counter tops, frameless glass showers with bench seat, large bedroom closet, washer and dryer, A/C, and custom window blinds. Security gates and one over-sized garage space per unit (can handle large SUV’s). Income of $21,900 per month. Short walk to beach, gym, Boccato’s Groceries, and assorted other services. Just an 8 min. walk to downtown Manhattan Beach shops and restaurants. Panoramic sand and whitewater views from upper units and two of three lower units boast great ocean views. The continued growth of nearby Silicon Beach as a world-class tech hub in the South Bay and the home-ownership barriers that high-earning-young-professionals face, the lack of competitive inventory for the super-upgraded, 1-bed product is an under-served market niche. The tenant demographic for this product is made up of young professionals who no longer want to co-habitate with friends, who seek an upscale living environment, and who want an active beach lifestyle after work and on weekends. Demand for rare units like these will continue to put upward prices on rents.
|Last Updated||5/7/2019||Year Built||1960|
|Community||148 - Hermosa Bch Sand||County||Los Angeles|
|Prior to May 7, '19||$4,850,000|
|May 7, '19 - Today||$4,695,000|
|AREA||148 - Hermosa Bch Sand|
|LOT||2261 sq ft|
|LOT DESCRIPTION||Corner Lot|
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