3302 Manhattan Avenue Hermosa Beach, CA 90254
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.
|15 hours ago||Listing updated with changes from the MLS|
|a month ago||Price changed to $4,695,000|
|3 months ago||Listing first seen online|
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.