1220 Manhattan Beach BLVD Manhattan Beach, CA 90266
Active
$2,400,000
6%
4 Units
6 Beds
5 Baths
2,840 Area(sq.ft.)
5,057 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 2,450 | $ 2,450 | $ 2,750 |
| Unit 2 | 1 | 2 | 2 | No | $ 4,138 | $ 4,138 | $ 4,350 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,750 | $ 2,750 | $ 2,750 |
| Unit 4 | 1 | 2 | 1 | No | $ 3,000 | $ 3,000 | $ 3,500 |
| 4 | 4 | 6 | 5 | $ 12,338 | $ 12,338 | $ 13,350 |
| MLS #: | SB24119431MR |
| Days On Market: | 171 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 845 |
| Price per unit: | $ 600,000 |
| Year Built: | 1957 |
Property Details
FIRST TIME ON THE MARKET FOR SALE IN OVER 40 YEARS!! Centrally located in the heart of Manhattan Beach, this property benefits from proximity to major employment centers, transportation hubs, and recreational amenities. The area boasts a strong rental market with historically low vacancy rates, making this a prime asset with a compelling blend of stability and growth potential. The single-story building offers a variety of units, including a luxurious 2-bed, 2-bath unit with a den and high-end finishes, featuring a private yard that can serve as an owner's unit. Additionally, there is a 2-bed, 1-bath unit with its own private yard and two 1-bed, 1-bath units. All units are equipped with in-unit laundry facilities, providing modern convenience for tenants. The property is separately metered for gas and electricity, ensuring efficiency and control over utilities. With four one-car garages, this property caters to the parking needs of its residents. 1220 Manhattan Beach Blvd is more than just an investment; it's a chance to become part of a thriving community and leverage the dynamic lifestyle that this location offers. Positioned strategically, this property lets you take advantage of the constant demand for housing fueled by nearby employment centers, all while enjoying the luxurious coastal living that makes Manhattan Beach highly desirable. Investors will appreciate the property's steady rental income, potential for appreciation in value, and the long-term stability of this robust and resilient market. Seize the opportunity to be a part of the Manhattan Beach real estate success story and reap the numerous benefits it can add to your investment portfolio.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 34,769 |
| Net Operating Income: | $ 113,287 |
| Cap Rate: | 4.72% |
| Gross Rent Multiplier: | 16.21 |
Structure
| Community Features: | Curbs, Gutters |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | MNRH |
| Land Lease Type: | Fee |
Interior
| Laundry: | Inside |
Exterior
| Pool: | No |
Detailed Map
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Income
