Refine Search
Sort by
2901 Manhattan Ave, Hermosa Beach
$2,999,000
9 Beds ⋅ 6 Baths ⋅ ACTIVE UNDER CONTRACT Status
Ideally positioned just two blocks from the sand in North Hermosa Beach, 2901 Manhattan Avenue presents a compelling value-add opportunity in one of the South Bay's most desirable coastal communities. The five-unit multifamily property offers investors the opportunity to acquire a well-located asset with below-market rents, attractive unit diversity, and meaningful potential to enhance income and long-term value. The quality unit mix includes a desirable three-bedroom, two-bathroom residence that will be delivered vacant at close of escrow, providing immediate flexibility for an owner-user, strategic repositioning, or a market-rate lease-up. Combined with the property's existing rental units, this mix offers appeal to a broad range of tenants seeking coastal living, from those looking for additional space to residents drawn to the convenience of a beachside location. The Property's ideal location offers a quintessential Southern California lifestyle, with sandy beaches, a vibrant downtown, acclaimed dining, local cafes, and the Strand's renowned walking, running, and cycling paths. Just minutes away, downtown Manhattan Beach adds another dimension to coastal living, with its fine dining, boutique shopping, charming village atmosphere, and iconic pier. Together, these neighboring beach communities offer an exceptional blend of coastal recreation, nearby amenities, and enduring lifestyle appeal. A rare opportunity to acquire a five-unit coastal investment with a desirable unit mix, below-market rents, a vacant three-bedroom residence, and significant value-add potential just moments from the beach.

2901 Manhattan Ave, Hermosa Beach

Courtesy of Douglas Elliman, Raphael Barragan - CA DRE#01898434

1836 The Strand, Hermosa Beach
$8,699,000
11 Beds ⋅ 7 Baths ⋅ ACTIVE Status
Welcome to 1836 The Strand, an exceptional beachfront 5-unit property located in highly sought-after North Hermosa Beach. In addition to its outstanding long-term investment fundamentals, this property may offer a compelling short-term rental opportunity with the potential for significant cash flow. Inquire for estimated short-term rental income projections. Very rarely does one encounter an opportunity to acquire a "to the studs" fully remodeled property spanning 3,908 sq.ft., 11 bedrooms and 7 bathrooms, under $9M on this prime stretch of The Strand. Fully renovated from top to bottom, this property showcases meticulous attention to detail, including all visible elements, plumbing, electrical and more. Grandfathered beyond current building restrictions, this property stands taller and wider than what is now permitted for new construction, offering uniquely breathtaking ocean views from four of the five units. Wake up to the soothing rhythm of the waves and panoramic ocean views stretching from Malibu to Catalina Island. Unmatched in its prime location, 1836 The Strand provides the epitome of the Southern California beachfront lifestyle, ideally located between the Pier with its vibrant restaurants, shops, and cafes, and 22nd Street with iconic Martha's Cafe and the Bottle Inn.This remarkable income property offers excellent investment potential, offered under $1.8M per unit well below Hermosa Strand condo values. For context, the neighboring 3,750 sq. ft. home on a 2,410 sq. ft. lot sold for $14.25M, highlighting the exceptional value of this offering.Options abound - retain the penthouse as your private beachfront retreat, offer guest accommodations for family and friends, and maximize rental income from the remaining units. Investors may also explore the property's potential as a high-income short-term rental asset, capitalizing on its irreplaceable beachfront location and flexible unit mix. Estimated income projections available upon request. This beachfront gem ranks with a high score of 84 on WalkScore.com, and offers easy access to renowned schools, freeways, and numerous local destinations like LAX, Santa Monica and downtown LA. 1836 The Strand is a one-of-a-kind property that rarely graces the market. Its versatility, stunning views, income potential, and unmatched location make it an irresistible opportunity for discerning buyers, investors, or those seeking a luxurious family beach compound. For investors looking to expand their Strand portfolio, additional off-market properties may be available as part of a larger acquisition. Inquire for details, and do not miss this chance to own a piece of the coveted Strand lifestyle.

1836 The Strand, Hermosa Beach

Courtesy of Strand Hill Properties, Shawn Dugan - CA DRE#01749343

1836 The Strand, Hermosa Beach
$8,699,000
11 Beds ⋅ 7 Baths ⋅ ACTIVE Status
Welcome to 1836 The Strand, an exceptional beachfront 5-unit property located in highly sought-after North Hermosa Beach. In addition to its outstanding long-term investment fundamentals, this property may offer a compelling short-term rental opportunity with the potential for significant cash flow. Inquire for estimated short-term rental income projections.Very rarely does one encounter an opportunity to acquire a "to the studs" fully remodeled property spanning 3,908 sq.ft., 11 bedrooms and 7 bathrooms, under $9M on this prime stretch of The Strand. Fully renovated from top to bottom, this property showcases meticulous attention to detail, including all visible elements, plumbing, electrical and more. Grandfathered beyond current building restrictions, this property stands taller and wider than what is now permitted for new construction, offering uniquely breathtaking ocean views from four of the five units. Wake up to the soothing rhythm of the waves and panoramic ocean views stretching from Malibu to Catalina Island. Unmatched in its prime location, 1836 The Strand provides the epitome of the Southern California beachfront lifestyle, ideally located between the Pier with its vibrant restaurants, shops, and cafes, and 22nd Street with iconic Martha's Cafe and the Bottle Inn. This remarkable income property offers excellent investment potential, offered under $1.8M per unit well below Hermosa Strand condo values. For context, the neighboring 3,750 sq. ft. home on a 2,410 sq. ft. lot sold for $14.25M, highlighting the exceptional value of this offering. Options abound - retain the penthouse as your private beachfront retreat, offer guest accommodations for family and friends, and maximize rental income from the remaining units. Investors may also explore the property's potential as a high-income short-term rental asset, capitalizing on its irreplaceable beachfront location and flexible unit mix. Estimated income projections available upon request. This beachfront gem ranks with a high score of 84 on WalkScore.com, and offers easy access to renowned schools, freeways, and numerous local destinations like LAX, Santa Monica and downtown LA. 1836 The Strand is a one-of-a-kind property that rarely graces the market. Its versatility, stunning views, income potential, and unmatched location make it an irresistible opportunity for discerning buyers, investors, or those seeking a luxurious family beach compound. For investors looking to expand their Strand portfolio, additional off-market properties may be available as part of a larger acquisition. Inquire for details, and do not miss this chance to own a piece of the coveted Strand lifestyle.

1836 The Strand, Hermosa Beach

Courtesy of Strand Hill Properties, Shawn Dugan - CA DRE#01749343

114 Hermosa Ave, Hermosa Beach
$3,500,000
8 Beds ⋅ 6 Baths ⋅ ACTIVE Status
We are pleased to present the exclusive offering of 114 Hermosa Ave, a premier coastal apartment investment located just steps from the beach in the highly sought-after Hermosa Beach submarket. This exceptional asset represents a rare opportunity to acquire a 4-unit apartment community in one of Southern California's most supply-constrained and desirable rental markets. Originally constructed in 1971, the property consists of approximately 4,002 rentable square feet situated on a 2,900 square foot lot. Residents enjoy stunning ocean views from the property, further enhancing its desirability and long-term rental appeal. Ideally situated within walking distance of the Hermosa Beach Pier, The Strand, award-winning restaurants, boutique retail, and major employment centers throughout the South Bay, the property offers an unmatched coastal lifestyle. Additional amenities include private balconies for every unit, eight covered parking spaces, private storage units for each resident, a community laundry facility conveniently located within the carport, and a shared rooftop deck offering panoramic ocean and coastline views. The property is currently operating at a 3.28% capitalization rate and a 20.01 GRM, presenting investors with meaningful upside through interior unit renovations and strategic upgrades that can drive rental growth and enhance overall property performance. Based on market rents, the asset offers the potential to achieve an estimated 4.25% market capitalization rate and 16.67 GRM, providing a compelling value-add opportunity while benefiting from the long-term stability of the Hermosa Beach rental market. With exceptionally high barriers to entry, limited new multifamily development, and consistently strong tenant demand, 114 Hermosa Ave offers investors the opportunity to acquire a trophy coastal asset with durable cash flow, significant income growth potential, and long-term appreciation in one of Los Angeles County's most coveted beachfront communities. The property's premier coastal location, breathtaking ocean views, exceptional resident amenities, and value-add potential position it as a truly outstanding investment opportunity in one of Southern California's most prestigious beach communities.

114 Hermosa Ave, Hermosa Beach

Courtesy of BRC Advisors- BH, Maxwell Forester - CA DRE#02283478

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS)is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identifyprospective properties visitor may be interested in purchasing.Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX)program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than thebroker and/or agent who owns this web site.The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, isdeemed reliable but not guaranteed and should be personally verified through personal inspection by and/or withthe appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS,DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any disseminationof this information is in violation of copyright laws and is strictly prohibited.CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprisedof CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (VenturaCounty Regional Data Share).

How much is your home worth?

Get instant property value now!