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821 Manhattan Ave
Hermosa Beach, CA 90254
Multifamily Property For Sale
·
7 Units
Investment Highlights
- Outstanding Hermosa Beach Location – Just 700 Feet from the Beach | One Block from Hermosa Avenue and Two Blocks from Pier Avenue & Downtown Hermosa
- Building Features Full Copper Plumbing and Newer Roof, Railings, Decks & Stairs
- Approximately 44% in Rental Upside – 4.24% Pro-Forma Cap Rate & 17.17 Pro-Forma GRM
- All Units Renovated and Include Washer & Dryer | One Unit with Spacious Private Deck with Ocean Views & Four Units with Skylights
- Total of Six Garages with Newer Garage Doors | Updated Underground Electrical with Newer Main Electrical Panel
- Close Proximity to the Dining, Retail, & Entertainment Options of Pier Avenue, Hermosa Avenue, King Harbor, & the Hermosa Beach Pier
Property Facts
| No. Units | 7 | Building Size | 3,865 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1953 |
| Building Class | C | Parking Ratio | 1.55/1,000 SF |
| Lot Size | 0.07 AC | ||
| Zoning | HBR3YY | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 3,865 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | HBR3YY |
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Ceiling Fans
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $3,350 | - |
| 1+1 | 5 | $2,560 | - |
Property Taxes
| Parcel Number | 4187-007-011 | Improvements Assessment | $1,994,753 |
| Land Assessment | $3,413,486 | Total Assessment | $5,408,239 |
Property Taxes
Parcel Number
4187-007-011
Land Assessment
$3,413,486
Improvements Assessment
$1,994,753
Total Assessment
$5,408,239
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