3302 Manhattan Avenue, Hermosa Beach, CA 90254 (MLS # SB19063264)

Price $4,695,000
Status Active
Beds 0
Baths 0 bath
Home size 3,600 sq ft
Lot Size 2,261 sqft
Days on Market 117
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.
Property Type(s): Residential Income
Last Updated 5/7/2019 Year Built 1960
Community 148 - Hermosa Bch Sand County Los Angeles

Price History

Prior to May 7, '19$4,850,000
May 7, '19 - Today$4,695,000

Additional Details

AREA148 - Hermosa Bch Sand
LOT2261 sq ft
SEWERPublic Sewer



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Listing provided by : Bryn Stroyke CalDRE: 00855690, Stroyke Properties, Inc.

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Based on information from California Regional Multiple Listing Service, Inc. as of 7/15/19 9:48 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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