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(310)918-5027
Real Estate Company
1345 Manhattan Beach Boulevard, Manhattan Beach, CA 90266
- $2,772,500
- Sold Price
- $2,772,500
- List Price
- $2,850,000
- Closing Date
- Jan 07, 2025
- Status
- CLOSED
- MLS#
- PW24210819
- Year Built
- 1967
- Lot Size
- 5,007
- Acres
- 0.11
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 11
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
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.
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Additional Information
- Pool Description
- None
- Heat
- None
- Cooling Description
- None
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $179,880
- Operating Expense
- 49177
Listing courtesy of Listing Agent: Woody Stahl (woody@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Est.
Listing sold by Robert Sillman from Lyon Stahl Investment Real Estate, Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.