Hermosa Bch Valley (149) Homes with Apartment Subtype

Welcome to Hermosa Beach Valley, a hidden gem nestled in the heart of Los Angeles County, California. Known for its stunning coastline, vibrant community, and laid-back atmosphere, Hermosa Beach is the ideal destination for those seeking a coastal lifestyle with easy access to urban conveniences. The area boasts a perfect blend of sun-soaked beaches, charming boutiques, and delightful eateries, making it a haven for both residents and visitors alike.

In Hermosa Beach Valley, you'll find a diverse selection of homes, including those with apartment subtypes that cater to a variety of living arrangements. Whether you're a first-time homebuyer, a seasoned investor, or looking for a vacation retreat, the residential options here are abundant and appealing. Many of these homes come with modern amenities and spacious layouts, perfect for families or individuals looking to enjoy the California lifestyle.

Imagine waking up to the sound of waves crashing and the scent of ocean air, all while having the convenience of local shops and restaurants just a stone's throw away. The community is known for its friendly atmosphere, with numerous parks, walking trails, and recreational activities that promote an active lifestyle.

Hermosa Beach Valley is not just a place to live; it’s a lifestyle choice that offers the perfect balance of relaxation and excitement. With its inviting homes and vibrant community spirit, you’ll find that this coastal paradise is not just a destination, but a place to call home. Come explore the possibilities and discover your dream home in Hermosa Beach Valley today!

Newest Hermosa Bch Valley (149) 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.