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1500 Manhattan Ave, Hermosa Beach, CA 90254

Hermosa Beach
Local realty services provided by:CENTURY 21 Masters
1500 Manhattan Ave,Hermosa Beach, CA 90254
$4,250,000
  • - Beds
  • - Baths
  • 4,604 sq. ft.
  • Multi-family
  • Active
Listed by: cameron samimi, woody stahl
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:SB26163830
Source:CRMLS

Price summary

  • Price:$4,250,000
  • Price per sq. ft.:$923.11

About this home

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 4.01% CAP Rate and 16.39 GRM after available rent increases, 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 4.68% Market CAP Rate and 15.27 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...

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Home facts

  • Year built:1962
  • Listing ID #:SB26163830
  • Added:92 day(s) ago
  • Updated:October 28, 2026 at 12:02 PM

Rooms and interior

  • Living area:4,604 sq. ft.

Structure and exterior

  • Year built:1962
  • Building area:4,604 sq. ft.
  • Lot area:0.1 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$4,250,000
  • Price per sq. ft.:$923.11

Parking

  • Total parking spaces:8
  • Parking description:4 Carport Space(s), Assigned
  • Carport spaces:4
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Masters is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Masters, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Randy Keith Thompson

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