Home | Los Angeles County | Hermosa Beach | 90254 | 1500 Manhattan Ave
MLS: CRSB26163830 | Status: | Price: $4,400,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 4,506 | 1962 |
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 the potential for future short-term rental use, subject to buyer verification of all applicable regulations and permitting requirements. The property also features eight on-site parking spaces, including four carport spaces and four tandem spaces, a valuable amenity in this highly walkable beach
| Field | Value |
|---|---|
| MLS # | CRSB26163830 |
| MLS Source | California Regional MLS |
| Days on Site | 2 |
| Feature | Details |
|---|---|
| Laundry | None |
| Feature | Details |
|---|---|
| Garage/Parking | Assigned Spaces, Garage: 0 Car(s) |
| Listing Agent | Co-Listing Agent |
|---|---|
| Cameron Samimi | Woody Stahl |
| Lyon Stahl Investment Real Estate, Inc. | |
| License #: 02035763 | License #: 01399621 |
| Phone: (310) 259-7556 | Phone: – |
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 6 | – |
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This listing information is up-to-date as of July 28, 2026. For the most current information, please contact Cameron Samimi, (310) 259-7556.