Listed by Daniel O''Connor, Pacifica Properties Group, Inc.,

1320 Manhattan Avenue

Manhattan Beach, CA, 90266

$4,299,000

$1,442 per ft²
$4,299,000
$1,442 per ft²
Pending
Pending
 - For Sale
carpenters-square
2,980 ft²
property_type
Multi-family
calendar
Built 1913
This generational investment opportunity is two blocks north of the Pier in the Manhattan Beach sand section. This unique tri-plex consists of a standalone 3-bedroom, 1-bathroom front unit and two 2-bedroom, 1-bathroom units, along with three covered carports with additional storage. With rents approximately 20% below market, this opportunity will not only provide an investor with upside in rents, but also a great hedge against inflation in this excellent rental market, which consistently enjoys low vacancy and turnover rates. This pride of ownership property has been well maintained. Set in a highly desirable section of Manhattan Beach, it is located only two blocks from The Strand and two blocks from Downtown dining and shopping. This is truly an extraordinarily unique asset in a highly attractive area offering an investor long term stable income, as well as the opportunity to add additional value via a thoughtful upgrade of the Property. This asset allows the possibility of long-term 30-year financing. Buyer to verify the possible opportunity to develop 3 townhomes.
MLS® ID:
SB22155270
Listed:
7/18/22
Updated:
8/14/22

Interior Features

Kitchen Appliances
Dishwasher, Gas Range, Refrigerator, Range Hood, Water Heater
Total Bedrooms
0
Total Bathrooms
0
Interior Features
Beamed Ceilings, Built-in Features, Balcony, Ceiling Fan(s), Open Floorplan, Stone Counters, Recessed Lighting, Tile Counters, Galley Kitchen
Laundry Description
Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Laundry Closet, Stacked
Floor Description
Tile, Vinyl
Fireplace
None
Cooling
None
Heating
Natural Gas, Wall Furnace

Exterior/Building Features

Lot Size
3,332 ft² lot
Architectural Style
Bungalow
Lot Details
Corner Lot, Sloped Down, Rectangular Lot
Sewer
Public Sewer

Other Property Details

Area Name
142 - Manhattan Bch Sand
HOA Amenities
Sidewalks
Garage
No
Parking
Attached Carport, Assigned, Covered, Side By Side
Parking Total
3.0
View
Y
County
Los Angeles
Utilities
Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Zoning
MNRH

Property History

Date
Event
Price
Value
8/2/22
Pending
-
-

 

Listed by Daniel O''Connor, Pacifica Properties Group, Inc.,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/14/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 6:29 AM UTC, 8/14/22

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