Hermosa Beach Homes with Apartment Subtype

Hermosa Beach Homes with Apartment Subtype

Welcome to Hermosa Beach, California—a sun-kissed gem nestled along the stunning coastline of Los Angeles County. Known for its vibrant beach culture, this charming city offers an idyllic blend of relaxation and recreation, making it a prime destination for those seeking a coastal lifestyle. With its picturesque sandy shores, iconic pier, and lively boardwalk, Hermosa Beach is a haven for beachgoers, surfers, and outdoor enthusiasts alike.

The real estate landscape in Hermosa Beach is as diverse as its community. Among the various properties available, homes with an apartment subtype stand out for their unique appeal. These residences often feature spacious layouts that cater to a variety of lifestyles, whether you’re a growing family, a young professional, or someone looking for a beachside retreat. Imagine waking up to the sound of waves crashing and enjoying your morning coffee with a view of the ocean—this is the everyday reality for many Hermosa Beach residents.

Living in Hermosa Beach means embracing a vibrant lifestyle filled with outdoor activities, trendy shops, and delightful dining options. The city hosts numerous events throughout the year, fostering a strong sense of community and camaraderie among residents. With its excellent schools, beautiful parks, and easy access to the greater Los Angeles area, Hermosa Beach is not just a place to live; it’s a lifestyle choice.

Embrace the coastal charm and explore the homes with an apartment subtype in Hermosa Beach—your dream home awaits in this beautiful beach town!

Newest Hermosa Beach Homes with Apartment Subtype

$4,400,000
SB26163830 MLS Active Status
1500 Manhattan Avenue presents a rare opportunity to acquire a six-unit multifamily property in the heart of Hermosa Beach's highly sought-after Sand Section, just moments from the beach, The Strand, and the vibrant dining, shopping, and entertainment along Pier Avenue. Situated on a 4,506 square foot lot, the property consists of six well-designed units, including one (3-Bedroom/2-Bath), two (2-Bedroom/1-Bath), one (1-Bedroom/1-Bath), and two studio units, totaling approximately 4,604 square feet of rentable building area. Offered at a 3.41% Current CAP Rate and 18.45 Current GRM, the property provides investors with stable in-place income and additional upside through the continued turnover of below-market rents. Upon stabilization, the asset offers a projected 4.48% Market CAP Rate and 15.80 Market GRM, providing an attractive opportunity to increase cash flow while owning a premier coastal asset. Additionally, the property is located within the California Coastal Zone, offering the potential for future short-term rental use, subject to buyer verification of all applicable regulations and permitting requirements. The property also features eight on-site parking spaces, including four carport spaces and four tandem spaces, a valuable amenity in this highly walkable beach community. Combined with its desirable unit mix and premier Sand Section location, the property is well-positioned to attract long-term tenants seeking a coastal lifestyle. With immediate access to Hermosa Beach Pier, The Strand, award-winning restaurants, boutique retail, and some of Southern California's most desirable beaches, 1500 Manhattan Avenue represents an exceptional opportunity to acquire a high-quality multifamily investment in one of the region's most supply-constrained and consistently appreciating coastal markets.

1500 Manhattan Ave, Hermosa Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.