Property Detail

2901 Manhattan

Hermosa Beach CA 90254

$2,999,000

Status: Active

Property Details

Description

Ideally positioned just two blocks from the sand in North Hermosa Beach, 2901 Manhattan Avenue presents a compelling value-add opportunity in one of the South Bay's most desirable coastal communities. The five-unit multifamily property offers investors the opportunity to acquire a well-located asset with below-market rents, attractive unit diversity, and meaningful potential to enhance income and long-term value. The quality unit mix includes a desirable three-bedroom, two-bathroom residence that will be delivered vacant at close of escrow, providing immediate flexibility for an owner-user, strategic repositioning, or a market-rate lease-up. Combined with the property's existing rental units, this mix offers appeal to a broad range of tenants seeking coastal living, from those looking for additional space to residents drawn to the convenience of a beachside location. The Property's ideal location offers a quintessential Southern California lifestyle, with sandy beaches, a vibrant downtown, acclaimed dining, local cafes, and the Strand's renowned walking, running, and cycling paths. Just minutes away, downtown Manhattan Beach adds another dimension to coastal living, with its fine dining, boutique shopping, charming village atmosphere, and iconic pier. Together, these neighboring beach communities offer an exceptional blend of coastal recreation, nearby amenities, and enduring lifestyle appeal. A rare opportunity to acquire a five-unit coastal investment with a desirable unit mix, below-market rents, a vacant three-bedroom residence, and significant value-add potential just moments from the beach.

Map Location

Listing provided courtesy of Raphael Barragan of Douglas Elliman. Last updated 2026-10-15 08:10:58.000000. Listing information © 2025 CRMLS.

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"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

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