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Sold for $1,800,000
  • Listed by: BerkshireHathaway HomeServices • Benjamin Bevill • Contact: 310-318-9386
    Bought with: Compass
    $1,800,000

    1025 Manhattan Ave, Hermosa Beach, CA 90254

    4beds
    2,408sqft
    Triplex
    Built in 1912
    -- sqft lot
    $3,589,300 Zestimate®
    $748/sqft
    $6,600 Estimated rent

    Home value

    $3,589,300

    $3.05M - $4.27M

    $6,600/mo

    Zestimate® history
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    What's special

    ***Back on the market, buyer could not perform*** Introducing an exceptional investment opportunity in the highly sought-after Hermosa Beach Sand section! Located just steps from the Strand, this remarkable income property boasts panoramic ocean views stretching from Palos Verdes to Malibu, best enjoyed from the expansive 400 square foot rooftop deck featuring artificial turf, a fireplace, a sitting area, and a sunbathing spot, or enjoy the amazing view from the living room of the rear unit. This triplex comprises a spacious 2-bed, 2-bath unit and (two) 1-bed, 1-bath units, all currently occupied by longstanding tenants with a proven track record of consistent rent payments, ensuring immediate income generation. With tenants on flexible month-to-month leases, transitioning to new ownership is seamless, offering investors and developers a fantastic value-add opportunity. This property offers (two) 2-car garages, individual laundry in each unit, private decks, an enclosed backyard/patio space, and lightly updated kitchens. Situated just off Hermosa Beach’s renowned Pier Avenue, residents can indulge in a plethora of dining, shopping, and beachfront delights. Whether you’re an investor, vacation property specialist, land developer, or a savvy buyer with dreams of crafting your own home, this property offers endless possibilities! Watch property highlight video at: https://www.wellcomemat.com/video/54fb41bdf9191li3u/SB24033002/

    Zillow last checked:

    Listing updated:

    Listed by:

    Benjamin Bevill DRE #02033028 916-243-8675,

    BerkshireHathaway HomeServices

    Bought with:

    Mark Leddy, DRE #01519607

    Compass

    Benjamin Bevill, DRE #02033028

    BerkshireHathaway HomeServices

    Source: CRMLS,MLS#: SB24033002MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Rooms
    • Room types: Bedroom
    Bedroom
    • Features: Multi-Level Bedroom
    Heating
    • Wall Furnace
    Cooling
    • None
    Appliances
    • Included: Electric Oven, Gas Oven, Gas Range
    • Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
    Features
    • Balcony, Open Floorplan, Stone Counters
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total interior livable area: 2,408 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage - Attached
    • Attached garage spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Manhattan Ave or Palm Ave
    • Patio & porch: Rear Porch, Enclosed, Open, Patio, Porch, Rooftop
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: City Lights, Ocean
    • Has water view: Yes
    • Water view: Ocean
    Lot
    • Size: 3,996 Square Feet
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 4187006021
    • Zoning: HBRPYY
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1912

    Utilities & green energy

    • Sewer: Unknown
    • Water: Public

    Community & HOA

    Community
    • Features: Biking, Dog Park, Fishing, Park, Water Sports
    Location
    • Region: Hermosa Beach

    Financial & listing details

    • Price per square foot: $748/sqft
    • Tax assessed value: $1,836,000
    • Annual tax amount: $20,561
    • Date on market: 2/16/2024
    • Cumulative days on market: 24 days
    • Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange

    Price history

    DateEventPrice
    2/4/2025Listing removed$4,000$2/sqft
    Source: Zillow Rentals Report a problem
    1/24/2025Listed for rent$4,000$2/sqft
    Source: Zillow Rentals Report a problem
    4/11/2024Sold$1,800,000-34.5%$748/sqft
    Source: CRMLS #SB24033002 Report a problem
    4/2/2024Contingent$2,750,000$1,142/sqft
    Source: CRMLS #SB24033002 Report a problem
    3/20/2024Listed for sale$2,750,000$1,142/sqft
    Source: CRMLS #SB24033008 Report a problem
    3/2/2024Pending sale$2,750,000$1,142/sqft
    Source: CRMLS #SB24033008 Report a problem
    2/16/2024Listed for sale$2,750,000+183233.3%$1,142/sqft
    Source: CRMLS #SB24033002 Report a problem
    9/12/1995Sold$1,500$1/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$20,561 +185.7%$1,836,000 +241.3%
    2024$7,197 -4.4%$537,952 +2%
    2023$7,531 +1.5%$527,404 +2%
    2022$7,420 +0.2%$517,064 +2%
    2021$7,404 0%$506,927 +1%
    2020$7,406 $501,730 +2%
    2019$7,406 +6.2%$491,893 +2%
    2018$6,975 $482,249 +2%
    2017$6,975 +1.4%$472,794 +2%
    2016$6,879 +2.7%$463,525 +1.5%
    2015$6,701 +2.7%$456,563 +2%
    2014$6,524 $447,621 +2.5%
    2012-- $436,863 +2.5%
    2009-- $426,109 +2%
    2008-- $417,755 +2%
    2007-- $409,564 +2%
    2006-- $401,534
    2005-- $401,534 +4%
    2004-- $385,945 +1.9%
    2003-- $378,872 +2%
    2002-- $371,444 +4%
    2000-- $357,022
    Find assessor info on the county website

    Neighborhood: 90254

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Hermosa View
    • Middle: Hermosa Valley
    • High: Mira Costa

    Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $3,589,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $3,589,300