2901 Manhattan Ave, Hermosa Beach, CA 90254
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2901 Manhattan Ave, Hermosa Beach, CA 90254,Video Tour
2901 Manhattan Ave, Hermosa Beach, CA 90254
2901 Manhattan Ave, Hermosa Beach, CA 90254
2901 Manhattan Ave, Hermosa Beach, CA 90254
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$ 2,999,000
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2901 Manhattan Ave Hermosa Beach, CA 90254

9 Beds

6 Baths

3,342 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,342 sqft

Price per Sqft $897

MLS Listing ID 26102269

Bedrooms 9

Year Built 1937

Lot Size 2,417 Sqft

Acres 0.0555

Property Sub-Type Multi-Family

Property 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.

Location

State CA

County Los Angeles

Area Hermosa Beach Sand

Zoning HBR3*

Rooms

Other Rooms None

Interior

Heating Floor Furnace, Wall Electric

Cooling None

Equipment Dishwasher, Refrigerator, Range/Oven, Washer, Dryer

Exterior

Parking Features Garage, On street

Garage Spaces 2.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Douglas Elliman
Derek Johnson

Derek Johnson

Agent License ID: 02051308

+1(310) 424-8883

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2901 Manhattan Ave