Realmo Analytics

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Property profile

1500 Manhattan Ave Hermosa Beach, CA 90254

FOR SALE
Apartment buildings
Property ID
US09-9555822
4,604 SF 0.1 ac lot Built 1962
Last sale Nov 1998 · $900,000
Trust Owned Owner of record is a trust. 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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1500 Manhattan Ave, Hermosa Beach, CA 90254 For Sale
$4,250,000 4,604 SF
1500 Manhattan Ave, Hermosa Beach, CA 90254
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$22k
Tax billed · 2024
Assessed value$1.87M
Assessed land$1.24M
Assessed improvement$632k
Effective rate1.16%

Value estimate

· Oct 2026
$570k
$513k – $627k
NOI build-up
Gross scheduled income$146k
Vacancy & credit loss−$12k
Operating expenses−$61k
NOI · 1.74% cap applied$74k

Realmo valuation models over county records and 21 qualifying comparable sales.

Recently sold

What actually traded nearby?
$667/SF
ZIP average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$298 – $1,039
Qualifying comparables21

Cap rate analysis

How does the asset earn?
1.74%
$74k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
HBR3YY
JurisdictionLOS ANGELES

Location intelligence

Which uses thrive at this corner?
Best fit: Food Market
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Food Market15.2
Grocery Store13.6
Daycare Center12.7

Location

1500 Manhattan Ave Hermosa Beach, CA 90254
County assessor Recorded deeds · 10 transfers 21 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1434 Hermosa, Hermosa Beach, CA 90254-3542 $5,400,000 Dec 2025 4,949 SF
66 11th, Hermosa Beach, CA 90254-3707 $5,600,000 Sep 2024 4,198 SF
148 Monterey, Hermosa Beach, CA 90254-5104 $4,000,000 Mar 2024 5,234 SF
635 8th, Hermosa Beach, CA 90254-3903 $3,220,032 Feb 2023 4,376 SF
236 Manhattan, Hermosa Beach, CA 90254-5133 $4,500,045 Nov 2022 5,288 SF
950 1st, Hermosa Beach, CA 90254-5317 $3,525,035 Sep 2022 4,899 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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