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3302 Manhattan Avenue

For Sale
$4,695,000
Property structure icon Structure: 6 Bedrooms
Property structure icon Structure: 6 Bathrooms
Property size icon Property size: 3,600sq ft
Property city icon City: Hermosa Beach
Description

Trophy Income Property with Panoramic Ocean Views! Taken down to the studs in 2017, this virtually brand new 6 unit property is ideally located in a premier north Hermosa location. Features 6 one bedroom/one bath units each with 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, and custom window blinds. Security gates and one oversized garage space per unit (can handle large SUV’s). Income of $21,900 per month.
Short walk to beach, gym, Boccato’s Groceries, and assorted other services. Just an 8 min. walk to downtown Manhattan Beach shops and restaurants. Panoramic sand and whitewater views from upper units and two of three lower units boast great ocean views.

The continued growth of nearby Silicon Beach as a world-class tech hub in the South Bay and the home-ownership barriers that high-earning-young-professionals face, the lack of competitive inventory for the super-upgraded, 1-bed product is an under-served market niche. The tenant demographic for this product is made up of young professionals who no longer want to cohabitate with friends, who seek an upscale living environment, and who want an active beach lifestyle after work and on weekends. Demand for rare units like these will continue to put upward prices on rents.

DETAILS:

  • All units completely remodeled with high-end upgrades
  • Six (6) one bedroom units
  • Five of six units offer great ocean views
  • Each unit has washer/dryer and A/C
  • 6 oversized garages (SUV sized parking + storage)
  • 100% occupied with qualified, professional tenants

Location
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