Description
Fully remodeled & fully vacant – turnkey 5-unit beachside investment opportunity! this beautifully renovated, move-in ready five-unit apartment complex is a rare gem for beach-loving investors seeking strong income potential and long-term appreciation. located just two blocks from the sand and two blocks from the iconic hermosa beach pier, this property offers an unbeatable a+ location paired with pristine a+ condition. the unit mix includes five 1-bedroom, 1-bathroom units split across two buildings. at the front, two charming bungalow-style units are connected and share a 2-car garage. in addition, there's open-air parking for five more vehicles – a major perk in this prime beach area. the rear building is a two-story structure, with upper-level units featuring beautiful ocean views from both the living rooms and bedrooms. on the ground floor, you'll find an additional unit plus two 1-car garages accessible from the alley. the remodel spared no expense—a rare find in investment properties—featuring high-end finishes and comprehensive upgrades aimed at minimizing ongoing expenses. the property boasts brand new roofs, plumbing, electrical systems, windows, kitchens, and bathrooms throughout. additionally, the low-maintenance design eliminates landscaping upkeep and water bills, further reducing operating costs.
everything is done for you. just place your tenants and start enjoying strong returns from this exceptional coastal investment!
Property Type
Residential IncomeCounty
Los AngelesStyle
ContemporaryAD ID
49502901
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Interior Features: Ceiling Fan(s),Quartz Counters,Recessed Lighting,Unfurnished
- Property Appliances: Gas Oven,Gas Range,Microwave,Refrigerator,Range Hood,Water Heater
- Fireplace: None
- Flooring: Vinyl
Cooling Features
- None
- Air Conditioning
Heating Source
- Electric,Wall Furnace
- Has Heating
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 1941
- Building Area Total: 2,534
Pool Features
- None
Laundry Features
- Inside,Stacked
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1146
- Lot Size Source: Assessor
- Lot Size Square Feet: 4991
-
Listing Information
Listing Price Information
- Original List Price: 3,995,000
- Listing Contract Date: 2025-04-23
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 4187008032
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Assigned
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: All Utilities
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 148 - Hermosa Bch Sand
- Postal Code Plus 4: 4160
- Directions: East side of Manhattan Avenue between 8th & 10th Streets
- Zoning: HBR3YY
- Source Property Type: Residential Income
- Area: 148 - Hermosa Bch Sand
- Property SubType: Apartment
Building and Construction
- Property Age: 84
- Common Walls: 2+ Common Walls
- Property Condition: Updated/Remodeled,Turnkey
- Structure Type: Apartment
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: Ground level and upper level
- Property Attached: Yes
- Levels or Stories: Multi/Split
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BuyOwner last updated this listing 04/27/2025 @ 05:57
- MLS: SB25089694
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 2,534 sqft, 4,991 sized lot, and 4 parking. are nearby neighborhoods.