Los Angeles, Residential Income – 821 Manhattan Ave, Hermosa Beach, CA 90254, USA -001-11-30T00:00:00-08:00
3.70% CAP AND 18.53GRM 2 BLOCKS FROM THE BEACH! 7 UNIT BUILDING THAT HAS BEEN COMPLETELY REMODELED! 2 BLOCKS TO THE OCEAN AND 2 BLOCKS TO DOWNTOWN! ALL NEW KITCHENS WITH QUARTZ COUNTERS, SUBWAY TILE BACK SPLASHES, NEW CABINETS, FARM SINKS AND STAINLESS STEEL
821 Manhattan Ave, Hermosa Beach, CA 90254, USA
$4,999,000 USD
Pictures
Map
Object Images
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Contact us
Schedule Tour
Address821 Manhattan Avenue, Hermosa Beach
Price$4,999,000
Price Changed3.77% (-$196,000, 20 days ago)
Year Built1953
Bedrooms Total0
Living Area3,865 ft2
Lot Size (Sq.Ft.)2,995
Listing IDSB17211293
StatusActive
Parcel Number4187007011
ZoningHBR3YY
Special ConditionsStandard
Days on Market67

Detailed Description: 3.70% CAP AND 18.53GRM 2 BLOCKS FROM THE BEACH! 7 UNIT BUILDING THAT HAS BEEN COMPLETELY REMODELED! 2 BLOCKS TO THE OCEAN AND 2 BLOCKS TO DOWNTOWN! ALL NEW KITCHENS WITH QUARTZ COUNTERS, SUBWAY TILE BACK SPLASHES, NEW CABINETS, FARM SINKS AND STAINLESS STEEL APPLIANCES INCLUDING REFRIGERATORS, RANGES, DISHWASHERS AND MICROWAVES. ALL UNITS ALSO HAVE LG WASHERS AND DRYERS. WHITE OAK ENGINEERED WOOD FLOORING THROUGHOUT ALL UNITS. NEW HEATERS, NEW WINDOWS, RECESSED LIGHTING. 4 OF THE UNITS HAVE SKYLIGHTS. ALL NEW BATHROOMS FEATURING RAINHEAD SHOWERS, NEW GLASS ENCLOSURES, SUBWAY TILE AND NEW FIXTURES. SOME UNITS HAVE OCEAN VIEWS AND UPPER TWO BEDROOM HAS A GOOD SIZED DECK AS WELL. BUILDING FEATURES ALL NEW COPPER PLUMBING, NEW ROOF, RAILINGS, DECKS, WALKWAYS, STAIRS AND GARAGE DOORS. NEW ELECTRICAL MAIN PANEL, NEW SUBPANELS INSIDE EACH UNIT AND ELECTRICAL IS UNDERGROUND! EXTERIOR IS A COMBINATION OF SMOOTH STUCCO AND MODERN BARN WOOD SIDING.

Laundry
Pool Private
Rent Control
Senior Community
Property Attached
Land Lease

Property added to favorites
Add to Favorite
Mortgage calculator
More Information
Loan
Mortgage
Expert
Loan amount
Loan term
Annual interest rate
First payment date
Amortization period
Calculate
Hide
Address Information
Address821 Manhattan Avenue, Hermosa Beach
Street SuffixAvenue
CityHermosa Beach
Location (MLS Area)148 – Hermosa Bch Sand
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90254
Postal Code Plus44152
CountryUS
Financial Information
Price Changed-3.7729%
Previous Price$5,195,000
Price per Square Foot$1,293.40
Price per Lot Square Foot$1,669.12
Special ConditionsStandard
Total Expenses$76,748
Professional Management Expense$13,083
Licenses Expense$178
Operating Expense$76,748
Insurance Expense$3,101
Electric Expense$684
Water Sewer Expense$1,128
Trash Expense$813
Maintenance Expense$3,510
Fuel Expense$1,008
Gross Operating Income$261,667
Gross Income$269,760
Gross Scheduled Income$269,760
Net Operating Income$184,920
Total Actual Rent$22,480
Gross Multiplier18.53%
Tax Year2000
Tax Lot13
New Taxes Expense$53,243
Full Descriptions
Parcel Number4187007011
Detailed Description3.70% CAP AND 18.53GRM 2 BLOCKS FROM THE BEACH! 7 UNIT BUILDING THAT HAS BEEN COMPLETELY REMODELED! 2 BLOCKS TO THE OCEAN AND 2 BLOCKS TO DOWNTOWN! ALL NEW KITCHENS WITH QUARTZ COUNTERS, SUBWAY TILE BACK SPLASHES, NEW CABINETS, FARM SINKS AND STAINLESS STEEL APPLIANCES INCLUDING REFRIGERATORS, RANGES, DISHWASHERS AND MICROWAVES. ALL UNITS ALSO HAVE LG WASHERS AND DRYERS. WHITE OAK ENGINEERED WOOD FLOORING THROUGHOUT ALL UNITS. NEW HEATERS, NEW WINDOWS, RECESSED LIGHTING. 4 OF THE UNITS HAVE SKYLIGHTS. ALL NEW BATHROOMS FEATURING RAINHEAD SHOWERS, NEW GLASS ENCLOSURES, SUBWAY TILE AND NEW FIXTURES. SOME UNITS HAVE OCEAN VIEWS AND UPPER TWO BEDROOM HAS A GOOD SIZED DECK AS WELL. BUILDING FEATURES ALL NEW COPPER PLUMBING, NEW ROOF, RAILINGS, DECKS, WALKWAYS, STAIRS AND GARAGE DOORS. NEW ELECTRICAL MAIN PANEL, NEW SUBPANELS INSIDE EACH UNIT AND ELECTRICAL IS UNDERGROUND! EXTERIOR IS A COMBINATION OF SMOOTH STUCCO AND MODERN BARN WOOD SIDING.
Lot FeaturesSprinklers None
Community FeaturesCurbs
Water SourcePublic
Laundry FeaturesDryer Included, Electric Dryer Hookup, In Closet, Washer Hookup, Washer Included
Common Walls Description2
Pool FeaturesNone
Property parameters
Year Built1953
Living Area (Sq.Ft.)3,865 ft2
Lot Size (Sq.Ft.)2,995
Lot Size SourceAssessor
Number of Buildings1
Number of Units Leased7
Number of Units Total7
ZoningHBR3YY
Parking Spaces6
Garage Spaces6
Water SourcePublic
Units Total7
Year Built SourceAssessor
Vacancy Allowance Rate3%
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Units with Dishwasher7
Units with Disposal7
Units with Refrigerator7
Cap Rate (For Cash Payment Only)3.7
Listed withBryan Bohlinger (Bohlinger Properties, Inc)