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 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.
- Pool:
- No
- Heating System:
- Floor Furnace
- Parking:
- 0.00
- New Construction YN:
- 0
- Laundry:
- No
- Parking:
- No
- Sewer:
- Public Sewer
- Common Walls:
- No Common Walls
- Senior Community:
- 0
- List Agent Agent ID:
- SBBUNKRYA
- Water Source:
- Public
- Lot Features:
- Rectangular Lot
- Community Features:
- Sidewalks, Street Lights, Watersports, Biking
- Stories:
- 2
- Entry Level:
- 1
- Entry Location:
- Street
- Street:
- Manhattan
- Street Number:
- 712
- Street Suffix:
- Avenue
- Floor Number:
- 0
- Longitude:
- W119° 36' 7.7''
- Latitude:
- N33° 51' 32.2''
- Listing Courtesy of:
- DOMO Real Estate
- TaxAnnualAmount:
- $0
- Lot Size Square Feet:
- 5,017 Sqft
- List Agent Last Name:
- Bunke
- List Agent License Number:
- 02083042
- Special Listing Conditions:
- Standard
- List Office ID:
- SB1323040
- List Agent First Name:
- Ryan
- Directions:
- 8th and Manhattan Ave
- Virtual Tour URL Unbranded:
- Click Here
- MLSAreaMajor:
- 148 - Hermosa Bch Sand
- Levels:
- Two
- Parcel Number:
- 4187022011
- List Agent License Number:
- 01290500
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
Residential Income For Sale
712 Manhattan Avenue, Hermosa Beach, California 90254
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- SB26048379
- List Price :
- $3,749,000
- Year Built :
- 1936
- Lot Area :
- 0.12 Sqft
- Country:
- US
- State:
- CA
- County:
- Los Angeles
- City:
- Hermosa Beach
- Zipcode:
- 90254
- Status :
- Pending
- Property Type :
- Apartment
- Price Per Square Foot :
- $841
- Days on Market :
- 34
