735 Manhattan Ave, Hermosa Beach, CA 90254

Studio-- baths4,252 sqft Edit

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Sold: $3,500,000
Sold on 07/23/14
Zestimate®: $3,342,680
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A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

My Notes

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Beach income property two blocks from the sand! Great 4 unit property sits on an oversized 40x100 lot & offers excellent units just a short walk from the beach. Configured such that there is an oversized storage room next to the common coin-op laundry room, a unit on the 2nd level & 3rd unit on the top level. Top unit (#4) offers an open panoramic ocean view. A second building just west of the 1st has 3rd unit on top of 3, 2 car garages, then a 4th unit on the top level. That unit (#3) also has an ocean view. Each unit is large & offers 2 bedrooms, each w/it's own bath room. Each unit has a gas fireplace. The units have nicely updated kitchens w/subway tile backsplashes and hardwood flooring. The kitchens offer tons of storage space and have great counter space as well. Three of the four units are assigned a tandem 2 car garage on the Palm Ave side--each with separate entry from the courtyard. The fourth unit is assigned a side by side garage with access from Manhattan Ave. There are bonus storage areas within the bldgs. On site owner-management has ensured the building has been well-maintained. Each main unit has a generous, private deck. Very attractive units for a steady stream of tenants! 

What I love about the home

Great parking. Great rents. Stunning ocean views, semi secure building. Laundry on site. 1 block to beach.
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Facts

  • Lot: 3,994 sqft
  • Multi Family
  • Built in 1986
  • Cooling: None
  • Last sold: Jul 2014 for $3,500,000
  • Price/sqft: $823

Features

  • Flooring: Carpet, Hardwood
  • Parking: Carport, Garage - Attached, 9 spaces

    Construction

    • Roof type: Other
    • # Stories: 3.0
    • Structure type: Contemporary
    • Unit count: 4

    Other

    • Floor size: 4,252 sqft
    • Zillow Home ID: 2108282953

    Zestimate Details

    Zestimate
    A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

    The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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    $3,342,680
    -$157,374 Last 30 days
    $2.74M
    $4.08M
    Zestimate range
    Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    $3,183/mo
    -$74 Last 30 days
    $1.6K
    $6.4K
    Zestimate range

    Popularity on Zillow

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    1,273 all-time views
    of this home (chart)
    578 forecasted views of this home
    in the first 7 days after listing for sale
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    Comparable Homes

    Homes like this sold for $1.0-5.0M.

    $1.59M
    $5.62M

    Home Expenses

    Internet, phone and TV
    Home security
    Furniture
    Home Insurance

    Neighborhood

    Market guide

    Zillow predicts 90254 home values will increase 2.9% next year, compared to a 2.9% increase for Hermosa Beach as a whole. Among 90254 homes, this home is valued 155.4% more than the midpoint (median) home, and is valued 8% more per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In 90254, the number of foreclosures waiting to be sold is 1% greater than in Hermosa Beach, and 19.2% greater than the national average. This higher local number may prevent 90254 home values from rising as quickly as other regions in Hermosa Beach.

    Learn more about forecast calculations or 90254 home values.
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      For Sale

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      Rentals

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      Other Units in this Building (4)ZestimateBedsBathsSqft
      Apt 4--221,140
      Ste 204--------
      Unit 502$456K11700
      N/A$2.19M43.52,500

      Nearby Schools in Hermosa Beach

      GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

      Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

      Data by GreatSchools.org