Welcome to the "Seahorse Apartments," located at 712 Manhattan Avenue - a rare value-add multifamily opportunity in one of the most desirable locations in Hermosa Beach, just moments from the ocean and Hermosa Beach Pier and the beach lifestyle that define the South Bay.
The property consists of 12 units: six… Read More one-bedroom units and six studios, offering a strong mix in an unbeatable coastal setting. Current rents are estimated at roughly 50% of market, creating substantial upside for an investor looking to renovate and reposition the property over time.
Opportunities of this scale in Hermosa Beach are extremely limited: only 4 other properties with more than 10 units have sold on the market in the past decade. At well under $350,000 per unit and situated only two blocks from the Hermosa Pier, 712 Manhattan Avenue represents an unparalleled chance to acquire a larger multifamily asset in a premier beach community with clear value-add potential and long-term investment appeal. Read Less
Property listed by DOMO Real Estate, Ryan Bunke 310-259-7556
Listing Snapshot
Days Online
145
Last Updated
Property Type
Apartment
Lot Size
0.12 Acres
Year Built
1936
MLS Number
SB26048379
Additional Details
Building
Built in 1936, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: Street
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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