Hermosa Beach Homes with Apartment Subtype

Hermosa Beach Homes with Apartment Subtype

Welcome to Hermosa Beach, a hidden gem nestled along California's stunning coastline in Los Angeles County. Known for its picturesque sandy shores, vibrant community, and laid-back atmosphere, Hermosa Beach is the perfect blend of beach town charm and urban sophistication. With the Pacific Ocean as your backdrop, this coastal paradise offers a lifestyle that many only dream of.

Hermosa Beach is famous for its iconic pier, bustling beach boardwalk, and a plethora of outdoor activities. Whether you enjoy surfing, beach volleyball, or simply soaking up the sun, this city has it all. The local dining scene is equally impressive, boasting a variety of restaurants and cafes that cater to every palate, from fresh seafood to artisanal coffee. The community is also rich in culture, with art festivals, live music, and a range of events that bring residents together year-round.

When it comes to real estate, Hermosa Beach offers an enticing selection of homes, including charming apartments that perfectly capture the essence of coastal living. Many of these apartment-style homes feature modern amenities, spacious layouts, and breathtaking ocean views. Imagine waking up to the sound of waves crashing and enjoying your morning coffee on a sunlit balcony. With a variety of options available, from cozy studios to larger multi-bedroom units, there’s something for everyone in this vibrant beach community.

In Hermosa Beach, you’re not just buying a home; you’re investing in a lifestyle filled with sunshine, surf, and a strong sense of community. Come discover your dream apartment in this idyllic coastal haven 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

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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.