NOT LISTED FOR SALE

1534 Manhattan Ave Hermosa Beach, CA 90254

10 Beds
7 Baths
4,526 Sq Ft
4,013 Sq Ft Lot

Last Sold August 24, 2016

Last sale price $6,400,000 $1,414 Per Sq Ft

40 Days on Market

Highlights

  • Ocean Side of Highway 1
  • 6 Car Garage
  • 4-minute walk to Noble Park
  • Hermosa Valley Elementary School Rated A

About This Home

As of August 2016

THESE ARE THE NICEST APARTMENT UNITS THAT HAVE EVER BEEN BROUGHT TO MARKET IN THE BEACH CITIES. BRAND NEW CONSTRUCTION FROM THE STUDS OUT OF 6 UNITS WITH SPECTACULAR AND UNOBSTRUCTED OCEAN VIEWS. THIS PROPERTY MAKES UP (WHEN COMBINED WITH 1542 MANHATTAN AVE.) ONE HALF OF WHAT COULD ULTIMATELY BE 13 UNITS SITTING ON TWO ADJACENT BUT SEPARATE 4000 SQ FT. LOTS IN THE HEART OF THE HERMOSA BEACH SAND SECTION. BUILDING HAS BEEN COMPLETELY RENOVATED FROM THE STUDS OUT INCLUDING ADDITIONAL STRUCTURAL ENGINEERING. ALL UNITS ARE BEACH THEMED WITH NEW KITCHENS FEATURING QUARTZ COUNTER TOPS, FARM SINKS AND STAINLESS STEEL APPLIANCES. EACH UNIT HAS ITS OWN WASHER AND DRYER. ALL NEW BATHROOMS WITH CUSTOM TILE SHOWERS AND FLOORING, CABINETRY AND FIXTURES. WHITE OAK FLOORING THROUGHOUT ALL UNITS. RECESSED LIGHTING AND FIRE SPRINKLERS IN EVERY UNIT. TANK LESS WATER HEATERS FOR EACH UNIT. ALL NEW WINDOWS, DOORS, DRYWALL, PLUMBING, DECKS, EXTERIOR STAIRCASES, RAILINGS, ROOFS, SEWER LINES, ELECTRIC PANELS, UNDER GROUNDED ELECTRIC AND SECURITY CAMERAS THAT CAN BE MONITORED REMOTELY. YOU WILL HAVE VIRTUALLY ZERO REPAIR OR MAINTENANCE ISSUES FOR YEARS TO COME BECAUSE IT IS ALL BRAND NEW. THE QUINTESSENTIAL TROPHY PROPERTY THAT ALL FUTURE BEACH UNITS WILL BE MEASURED BY.

Last Agent to Sell the Property

jack cummings

Strand Hill Properties License #01173922 Listed on: 05/09/2016

Co-Listed By

Bryan Bohlinger

Bohlinger Properties, Inc. License #01522061

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2016

Lot Details

  • 4,013 Sq Ft Lot
  • No Common Walls

Parking

  • 6 Car Garage
  • Parking Available

Home Design

  • 4,526 Sq Ft Home

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Outdoor Features

  • Ocean Side of Highway 1
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 6210
  • Assessor Parcel Number 4183013015

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $415
  • Insurance Expense $1,162
  • Professional Management Expense $9,182
  • Trash Expense $1,050
  • Water Sewer Expense $2,700
  • New Taxes Expense $68,868
  • Gross Income $26,095
  • Net Operating Income $215,425

Property Details

Home Type

Multi-Family

Year Built

Built in 2016

Lot Details

0

Parking

6

Listing Details

  • CapRate: 3.27
  • Inclusions: ALL APPLINACES
  • Professional Management Expense: 9182.00
  • Property Attached: No
  • Water Sewer Expenses: 2700.00
  • Property Type: Residential Income
  • Gardener Expense: 415.00
  • Parcel Number: 4183013015
  • Year Built: 2016
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 1414.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1050.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4013.00
  • Price Per Lot Square Foot: 1594.82

Multi Family

  • Gross Income: 26095.00
  • Gross Multiplier: 20.76
  • Gross Scheduled Income: 313140.00
  • Insurance Expense: 1162.00
  • Net Operating Income: 215425.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 88320.00
  • Rent Control: No
  • Waterfront Features: Ocean Side Of Highway 1, Ocean Side of Freeway

Tax Info

  • New Taxes Expense: 68868.00
  • Tax Lot: 17
  • Tax Tract Number: 6210

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2016 08/24/16 Sold $6,400,000 -5.9% $1,414 / Sq Ft
06/18/2016 06/18/16 Pending -- -- --
05/09/2016 05/09/16 For Sale $6,800,000 -- $1,502 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • jack cummings

    Seller's Agent in 2016

    jack cummings

    Strand Hill Properties

    (310) 683-0202

    1 in this area

    28 Total Sales

    jack cummings
    Section Image

  • B

    Seller Co-Listing Agent in 2016

    Bryan Bohlinger

    Bohlinger Properties, Inc.

    (310) 505-6815

    Bryan Bohlinger
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16098269

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Hermosa Beach 90254

1534 Manhattan Ave, Hermosa Beach, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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