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825 Manhattan Ave 5 Unit Apartment Building $3,900,000 ($780,000/Unit) 3.71% Cap Rate Hermosa Beach, CA 90254
INVESTMENT HIGHLIGHTS
- Rare Hermosa Beach Sand Section Offering
- Modern Unit Interiors with High-End Finishes and In-Unit Laundry
- One One-Bedroom Unit Can Be Delivered Vacant
- Turnkey Asset with Extensive Renovations and Capital Improvements
- Irreplaceable Location Only a Few Blocks from the Beach
- Ideal for Owner/User or Investor
EXECUTIVE SUMMARY
Welcome to this exceptional investment opportunity in the highly desirable Hermosa Beach sand section! This high income producing was meticulously renovated with no expense spared. All five units feature in-unit washer/dryers, brand new dual-pane windows, beautiful modern entry doors, recessed lighting and luxury vinyl plank flooring throughout. Gorgeous top of the line finishes in all the units include new interior paint, new modern kitchen cabinets, elegant quartz countertops, stainless steel appliances, updated bathroom vanities, modern mirrors, bathtubs and premium designer shower and floor tile.
Significant capital improvements have been completed, including a new electrical main panel with individual subpanels, new plumbing for each unit, modern exterior fencing, upgraded balcony deck tile and flush steel-back insulated garage doors with automatic openers.
Just a short distance from the world-famous beach and vibrant downtown Hermosa, this income property boasts a wealth of amenities that are preferred by all potential tenants, including a variety of trendy restaurants, boutique shops, and lively bars. Opportunities to acquire turnkey income properties in such a prime location are rare.
This property is move-in ready for any new tenants. It offers an ideal unit mix: three one-bedroom units, one two-bedroom unit, and one studio, ensuring virtually full occupancy throughout the year. One of the one-bedroom units may be delivered vacant, providing an attractive owner/user opportunity or immediate rental upside.
This trophy property serves as an asset and great store of value for the discerning investor. Don’t miss your chance to seize this incredible opportunity!
Significant capital improvements have been completed, including a new electrical main panel with individual subpanels, new plumbing for each unit, modern exterior fencing, upgraded balcony deck tile and flush steel-back insulated garage doors with automatic openers.
Just a short distance from the world-famous beach and vibrant downtown Hermosa, this income property boasts a wealth of amenities that are preferred by all potential tenants, including a variety of trendy restaurants, boutique shops, and lively bars. Opportunities to acquire turnkey income properties in such a prime location are rare.
This property is move-in ready for any new tenants. It offers an ideal unit mix: three one-bedroom units, one two-bedroom unit, and one studio, ensuring virtually full occupancy throughout the year. One of the one-bedroom units may be delivered vacant, providing an attractive owner/user opportunity or immediate rental upside.
This trophy property serves as an asset and great store of value for the discerning investor. Don’t miss your chance to seize this incredible opportunity!
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$213,800
|
$73.09
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,414
|
$2.19
|
| Effective Gross Income |
$207,386
|
$70.90
|
| Taxes |
$46,800
|
$16.00
|
| Operating Expenses |
$15,965
|
$5.46
|
| Total Expenses |
$62,765
|
$21.46
|
| Net Operating Income |
$144,621
|
$49.44
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $213,800 |
| Annual Per SF | $73.09 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $6,414 |
| Annual Per SF | $2.19 |
| Effective Gross Income | |
|---|---|
| Annual | $207,386 |
| Annual Per SF | $70.90 |
| Taxes | |
|---|---|
| Annual | $46,800 |
| Annual Per SF | $16.00 |
| Operating Expenses | |
|---|---|
| Annual | $15,965 |
| Annual Per SF | $5.46 |
| Total Expenses | |
|---|---|
| Annual | $62,765 |
| Annual Per SF | $21.46 |
| Net Operating Income | |
|---|---|
| Annual | $144,621 |
| Annual Per SF | $49.44 |
PROPERTY FACTS
| Price | $3,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $780,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 3.71% | Building Size | 2,925 SF |
| Gross Rent Multiplier | 18.24 | Average Occupancy | 80% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1949/2023 |
| Property Subtype | Apartment | Parking Ratio | 0.68/1,000 SF |
| Zoning | HBR3YY | ||
| Price | $3,900,000 |
| Price Per Unit | $780,000 |
| Sale Type | Investment |
| Cap Rate | 3.71% |
| Gross Rent Multiplier | 18.24 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,925 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built/Renovated | 1949/2023 |
| Parking Ratio | 0.68/1,000 SF |
| Zoning | HBR3YY |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $2,700 | - |
| 1+1 | 3 | $3,483 | - |
| 2+1 | 1 | $4,600 | - |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 4187-007-010 | Total Assessment | $2,359,699 |
| Land Assessment | $2,273,106 | Annual Taxes | $46,800 ($16.00/SF) |
| Improvements Assessment | $86,593 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
4187-007-010
Land Assessment
$2,273,106
Improvements Assessment
$86,593
Total Assessment
$2,359,699
Annual Taxes
$46,800 ($16.00/SF)
Tax Year
2025
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825 Manhattan Ave
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