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Listing 11 out of 69
$5,095,000 For Sale

3302 Manhattan Avenue
Hermosa Beach, CA 90254

6 units | Multi Family Home
2261 sq ft - MLS# SB18260246
Property Photo
1/22

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 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’s). • Income of $21,150 per month • Short walk to beach, gym, Boccato’s Groceries, and assorted other services and a 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.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 90254
  • Year Built: 1960
  • Units: 6 units
  • # of Parking Spaces: 6.00
  • Lot Size: 2261 sq ft
  • Zoning: HBC1YY
  • Area: 148 - Hermosa Bch Sand
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3600.00
  • Building Area Units: Square Feet
  • Cap Rate: 3.45
  • Common Walls: 2+ Common Walls
  • Community Features: Sidewalks
  • Country: US
  • Directions: Manhattan Ave and 33rd Street
  • Electric Expense: 1300.00
  • Fuel Expense: 300.00
  • Garage Spaces: 6.00
  • Gross Income: 261600.00
  • Gross Scheduled Income: 261600.00
  • Insurance Expense: 2428.00
  • Laundry Features: In Closet
  • Laundry YN: Yes
  • Listing Agent License: 00855690
  • Listing Office License: 01877644
  • Lot Features: Corner Lot
  • Lot Size Area: 2259.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Maintenance Expense: 8373.00
  • Net Operating Income: 175927.00
  • New Taxes Expense: 63687.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Leased: 6
  • Operating Expense: 77825.00
  • Property Attached YN: Yes
  • Sewer: Public Sewer
  • Total Expenses: 77825.00
  • Trash Expense: 537.00
  • Water Sewer Expense: 1200.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Stroyke Properties, Inc., Bryn Stroyke

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