NOT LISTED FOR SALE

821 Manhattan Ave Hermosa Beach, CA 90254

7 Beds
5 Baths
3,865 Sq Ft
2,995 Sq Ft Lot

Last Sold January 05, 2018

Last sale price $4,753,125 $1,230 Per Sq Ft

63 Days on Market

About This Home

As of January 2018

3.70% CAP AND 18.53GRM 2 BLOCKS FROM THE BEACH! 7 UNIT BUILDING THAT HAS BEEN COMPLETELY REMODELED! 2 BLOCKS TO THE OCEAN AND 2 BLOCKS TO DOWNTOWN! ALL NEW KITCHENS WITH QUARTZ COUNTERS, SUBWAY TILE BACK SPLASHES, NEW CABINETS, FARM SINKS AND STAINLESS STEEL APPLIANCES INCLUDING REFRIGERATORS, RANGES, DISHWASHERS AND MICROWAVES. ALL UNITS ALSO HAVE LG WASHERS AND DRYERS. WHITE OAK ENGINEERED WOOD FLOORING THROUGHOUT ALL UNITS. NEW HEATERS, NEW WINDOWS, RECESSED LIGHTING. 4 OF THE UNITS HAVE SKYLIGHTS. ALL NEW BATHROOMS FEATURING RAINHEAD SHOWERS, NEW GLASS ENCLOSURES, SUBWAY TILE AND NEW FIXTURES. SOME UNITS HAVE OCEAN VIEWS AND UPPER TWO BEDROOM HAS A GOOD SIZED DECK AS WELL. BUILDING FEATURES ALL NEW COPPER PLUMBING, NEW ROOF, RAILINGS, DECKS, WALKWAYS, STAIRS AND GARAGE DOORS. NEW ELECTRICAL MAIN PANEL , NEW SUBPANELS INSIDE EACH UNIT AND ELECTRICAL IS UNDERGROUND! EXTERIOR IS A COMBINATION OF SMOOTH STUCCO AND MODERN BARN WOOD SIDING.

Last Agent to Sell the Property

Bryan Bohlinger

Bohlinger Properties, Inc. License #01522061 Listed on: 09/12/2017

Co-Listed By

jack cummings

Strand Hill Properties License #01173922

Last Buyer's Agent

Richard Hu

Richard Hu License #00780515

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 2,995 Sq Ft Lot
  • Two or More Common Walls
  • No Sprinklers

Parking

  • 6 Car Garage

Home Design

  • 3,865 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 1564
  • Assessor Parcel Number 4187007011

Community Details

Overview

  • 7 Units

Building Details

  • 7 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $684
  • Fuel Expense $1,008
  • Insurance Expense $3,101
  • Maintenance Expense $3,510
  • Professional Management Expense $13,083
  • Trash Expense $813
  • Water Sewer Expense $1,128
  • New Taxes Expense $53,243
  • Operating Expense $76,748
  • Gross Income $269,760
  • Net Operating Income $184,920

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

6

Listing Details

  • CapRate: 3.70
  • Professional Management Expense: 13083.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1128.00
  • Zoning: HBR3YY
  • Property Type: Residential Income
  • Parcel Number: 4187007011
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 1229.79

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Electric Dryer Hookup, In Closet, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 812.64
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 2995.00

Multi Family

  • Electric Expense: 684.00
  • Fuel Expense: 1008.00
  • Gross Income: 269760.00
  • Gross Multiplier: 18.53
  • Gross Operating Income: 261667.00
  • Gross Scheduled Income: 269760.00
  • Insurance Expense: 3101.00
  • Maintenance Expense: 3510.00
  • Net Operating Income: 184920.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Number With Dishwasher: 7
  • Number With Disposal: 7
  • Number With Range: 7
  • Number With Refrigerator: 7
  • Operating Expense: 76748.00
  • Rent Control: No
  • Total Actual Rent: 22480.00
  • Total Expenses: 76748.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 53243.00
  • Tax Census Tract: 6211.04
  • Tax Lot: 13
  • Tax Tract Number: 1564

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 Change Sq Ft Price
01/05/2018 01/05/18 Sold $4,753,125 -4.9% $1,230 / Sq Ft
11/14/2017 11/14/17 Pending -- -- --
10/30/2017 10/30/17 Price Changed $4,999,000 -3.8% $1,293 / Sq Ft
10/25/2017 10/25/17 Price Changed $5,195,000 +4.0% $1,344 / Sq Ft
10/25/2017 10/25/17 Price Changed $4,995,000 -5.8% $1,292 / Sq Ft
09/12/2017 09/12/17 For Sale $5,300,000 +96.3% $1,371 / Sq Ft
05/14/2015 05/14/15 Sold $2,700,000 0.0% $699 / Sq Ft
05/11/2015 05/11/15 Pending -- -- --
05/10/2015 05/10/15 For Sale $2,700,000 -- $699 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Bryan Bohlinger

    Bohlinger Properties, Inc.

    (310) 505-6815

    Section Image
  • jack cummings

    Seller Co-Listing Agent in 2018

    jack cummings

    Strand Hill Properties

    (310) 683-0202

    1 in this area

    29 Total Sales

    Section Image

  • R

    Buyer's Agent in 2018

    Richard Hu

    Richard Hu

  • Michael Pennings

    Seller's Agent in 2015

    Michael Pennings

    RE/MAX

    (310) 266-9600

    8 in this area

    24 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17211293

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Hermosa Beach 90254

821 Manhattan Ave, Hermosa Beach, CA

This home is located at 821 Manhattan Ave, Hermosa Beach, CA 90254 since 12 September 2017. This property was built in 1953. 821 Manhattan Ave is a home located in Los Angeles County with nearby schools including Hermosa Valley Elementary School, Hermosa View Elementary School, and Our Lady of Guadalupe School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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