New Listing
2901 Manhattan Avenue,Hermosa Beach, CA 90254
Hermosa Beach, CA 90254
Description
Ideally positioned just two blocks from the sand in North Hermosa Beach, 2901 Manhattan Avenue presents a compelling value-add opportunity in one of the South Bay's most desirable coastal communities. The five-unit multifamily property offers investors the opportunity to acquire a well-located asset with below-market rents, attractive unit diversity, and meaningful potential to enhance income and long-term value. The quality unit mix includes a desirable three-bedroom, two-bathroom residence that will be delivered vacant at close of escrow, providing immediate flexibility for an owner-user, strategic repositioning, or a market-rate lease-up. Combined with the property's existing rental units, this mix offers appeal to a broad range of tenants seeking coastal living, from those looking for additional space to residents drawn to the convenience of a beachside location. The Property's ideal location offers a quintessential Southern California lifestyle, with sandy beaches, a vibrant downtown, acclaimed dining, local cafes, and the Strand's renowned walking, running, and cycling paths. Just minutes away, downtown Manhattan Beach adds another dimension to coastal living, with its fine dining, boutique shopping, charming village atmosphere, and iconic pier. Together, these neighboring beach communities offer an exceptional blend of coastal recreation, nearby amenities, and enduring lifestyle appeal. A rare opportunity to acquire a five-unit coastal investment with a desirable unit mix, below-market rents, a vacant three-bedroom residence, and significant value-add potential just moments from the beach.
Details
| MLS # | 26102269 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1937 |
| Days On Site | 6 |
| Listing Provided By | Douglas Elliman | Raphael Barragan |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 6 |
| SQ Feet | 3,342 |
| Story(s) | 2 |
| Units | 5 |
| Building(s) | 2 |
| Zoning | HBR3* |
| Acreage | 0.06 |
Interior
| Cooling | None |
|---|---|
| Heating | Floor Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Appliances | Dishwasher, Refrigerator, Dryer, Washer |
Parking
| Parking Features | Garage, On Street |
|---|---|
| Garage Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Hermosa Beach |
| Zip Code | 90254 |
| Area | 148 Hermosa Bch Sand |
| Listing VS Median (in 90254) | |
Price: $2,999,000 low | high Med: $1,499,000 sqft: 3,342 low | high Med: 1,241 $ / sqft: $897 low | high Med: $1,258 On site: 6 low | high Med: 26 | |
Market Activity 90254
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Hermosa Beach |
| Zip Code | 90254 |
| Area | 148 Hermosa Bch Sand |
| Listing VS Median (in 90254) | |
Price: $2,999,000 low | high Med: $1,499,000 sqft: 3,342 low | high Med: 1,241 $ / sqft: $897 low | high Med: $1,258 On site: 6 low | high Med: 26 | |