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Listed by Woody Stahl • Lyon Stahl Investment Real Est
$ 2,850,000
Est. payment /mo
Active Under Contract
1345 Manhattan Beach Boulevard Manhattan Beach, CA 90266
3,942 SqFt
UPDATED:
12/03/2024 08:52 PM
Key Details
Property Type Single Family Home
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,942 sqft
Price per Sqft $722
MLS Listing ID PW-24210819
Year Built 1967
Lot Size 5,007 Sqft
Property Description
Discover this charming 4-unit apartment building located in East Manhattan Beach. Situated near Polliwog Park, this property offers a mix of (1) 2-bed/2-bath townhome style unit and (3) 2-bed/1-bath units, and most of the major systems were updated several years ago. There is also 2 2-Car Garages for a total of 4 garage spaces. Priced attractively at $712,500 per unit and $722.98 per square foot, the property provides a solid income opportunity with a 4.42% CAP rate. Located in a prime, sought-after neighborhood, this is an excellent investment for those looking to capitalize on the strong rental market and long-term appreciation potential in Manhattan Beach.
Location
State CA
County Los Angeles
Zoning MNRH
Interior
Heating None
Cooling None
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Gated
Garage Spaces 4.0
Pool None
Community Features Biking
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944