3302 Manhattan Avenue

    Hermosa Beach, CA 90254
    • $5,650,000
    • STATUS: Active
    • ON SITE: 91 days
    • ID#: SB18146774
    UPDATED: 28 min ago
    $5,650,000
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,600
      SQFT
    • $1,569
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    Trophy Income Property with Panoramic Ocean Views+G- Taken down to the studs in 2017, this virtually brand new 6 unit property is ideally located in a premier north Hermosa location.+G- Features 6 one bedroom/one bath units each featuring 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, custom window blinds, security gates and one oversized garage space per unit (can handle large SUV+GGs).+G- Income of $21,150 per month+G- Short walk to beach, gym, Boccato+GGs Groceries, and assorted other services and a 8 min walk to downtown Manhattan Beach shops and restaurants.+G- Panoramic sand and whitewater views from upper units and two of three lower units boast great ocean views.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-20T14:32:18.33. 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.
    www.playavistaliving.com/homes/84863119

    3302 Manhattan Avenue Hermosa Beach, CA 90254

    • Price: $5,650,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: SB18146774
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    3,600
    SQFT
    $1,569
    $/SQFT
    1960
    Built
    Neighborhood:
    148 - Hermosa Bch Sand
    County:
    Los Angeles
    Area:
    148 - Hermosa Bch Sand
    Property Description
    Trophy Income Property with Panoramic Ocean Views+G- Taken down to the studs in 2017, this virtually brand new 6 unit property is ideally located in a premier north Hermosa location.+G- Features 6 one bedroom/one bath units each featuring 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, custom window blinds, security gates and one oversized garage space per unit (can handle large SUV+GGs).+G- Income of $21,150 per month+G- Short walk to beach, gym, Boccato+GGs Groceries, and assorted other services and a 8 min walk to downtown Manhattan Beach shops and restaurants.+G- Panoramic sand and whitewater views from upper units and two of three lower units boast great ocean views.
    Exterior Features

    Architectural Style Mid Century ModernModern Construction Materials FrameStuccoWood Siding Exterior Features Rain Gutters Fence YN Yes Fencing BlockWood Foundation Details Slab Garage Spaces 6.00 Lot Features Corner Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking Total 6.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa Features None Spa YN No View OceanPanoramicPierWhite Water View YN Yes

    Interior Features

    Appliances DishwasherGas OvenGas RangeRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 500 Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Central Cooling YN Yes Flooring Wood Heating Forced Air Heating YN Yes Interior Features Unfurnished Laundry Features In Closet Room Type See Remarks Window Features Double Pane Windows

    Property Features

    Accessibility Features None Additional Parcels YN No Building Area Units Square Feet Cap Rate 2.99 Community Features Sidewalks Country Us Electric Expense 1300.00 Elevation Units Feet Gross Income 246186.00 Gross Multiplier 22.26 Gross Operating Income 246186.00 Gross Scheduled Income 253800.00 Insurance Expense 2428.00 Land Lease YN No Laundry YN Yes Maintenance Expense 1200.00 Net Operating Income 169392.00 New Taxes Expense 63800.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Number With Dishwasher 6 Number With Disposal 6 Number With Range 6 Number With Refrigerator 6 Operating Expense 76794.00 Operating Expense Percent 30.25 Professional Management Expense 7614.00 Property Condition Turnkey Rent Control YN No Security Features Smoke Detector Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 76794.00 Trash Expense 452.00 Vacancy Allowance 7614 Vacancy Allowance Rate 3.00 Water Sewer Expense 1200.00 Water Source Public Year Built Source Assessor Zoning Hbc1yy

    Listing provided courtesy of Bryn Stroyke of Stroyke Properties, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-20T14:32:18.33. 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.
     
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