1500 Manhattan Ave, Hermosa Beach, CA 90254

Hermosa Beach
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
1500 Manhattan Ave,Hermosa Beach, CA 90254
$4,400,000
  • 4 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: cameron samimi, woody stahl
Office: lyon stahl investment real estate, inc.
MLS#:SB26163830
Source:San Diego MLS via CRMLS

Price summary

  • Price:$4,400,000

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 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...

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Home facts

  • Listing ID #:SB26163830
  • Added:1 day(s) ago
  • Updated:July 28, 2026 at 09:38 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4

Structure and exterior

  • Levels:3 Story

Finances and disclosures

  • Price:$4,400,000
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