1818 12th st, Manhattan Beach, CA 90266
Active
$3,000,000
5 Units
10 Beds
5 Baths
3,192 Area(sq.ft.)
Lot: 4,124 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,550 | $ 2,550 | $ 2,650 |
| Unit 2 | 1 | 2 | 1 | No | n/a | n/a | $ 2,555 |
| Unit 3 | 1 | 2 | 1 | No | $ 2,275 | $ 2,550 | $ 2,650 |
| Unit 4 | 1 | 2 | 1 | No | $ 2,400 | $ 2,400 | $ 2,650 |
| Unit 5 | 1 | 2 | 1 | No | $ 2,400 | $ 2,400 | $ 2,650 |
| 5 | 10 | 5 | $ 9,625 | $ 9,900 | $ 13,155 |
| MLS #: | SB25044919MR |
| Days On Market: | 290 |
| Listing Date: | February 28, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 940 |
| Price per unit: | $ 600,000 |
| Year Built: | 1957 |
Property Details
Prime Investment Opportunity in Manhattan Beach, CA Welcome to this exceptional 5-unit apartment building located in the heart of Manhattan Beach, CA. This property offers a unique investment opportunity in one of the most sought-after coastal communities in Southern California. Property Highlights: Unit Details: Each of the five units boasts approximately 550 sqft (buyer to verify) of well-designed living space, featuring 2 bedrooms and 1 bathroom. Modern Amenities: All units have been tastefully remodeled and come equipped with a stove, dishwasher, microwave, and refrigerator, ensuring a comfortable and convenient living experience for tenants. Parking: Each unit includes one carport space, providing secure and accessible parking. Laundry: The building offers a coin-operated laundry facility, adding an extra layer of convenience for residents. Location Benefits: Award-Winning School District: Manhattan Beach is renowned for its top-rated schools. Beautiful Beaches: Enjoy the stunning beaches just a short distance away, perfect for relaxation and recreation. Vibrant Downtown: The property is conveniently located a short drive to downtown Manhattan Beach, offering a variety of shops, dining options, and entertainment venues. This property is a fantastic opportunity for investors looking to capitalize on the high demand for rental units in Manhattan Beach. Don't miss out on this chance to own a piece of prime real estate in a thriving community.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 41,500 |
| Net Operating Income: | $ 100,909 |
Structure
| Community Features: | Curbs, Park, Sidewalks, Street Lights, Suburban |
| Style: | Traditional |
| Sewer: | Public Sewer |
| View Description: | None |
Land & Parking
| Zoning: | MNRH |
| Land Lease Type: | Fee |
| Parking Garage: | Assigned, Carport |
Interior
| Cooking Appliances: | Microwave |
| AC/Cooling: | None |
| Equipment: | Dishwasher, In Carport, Microwave, Refrigerator |
| Heating: | Wall |
| Fireplace Rooms: | Bath, Gas, Kitchen, Living Room |
| Laundry: | In Carport |
| Laundry Equipment: | Own |
| Laundry Income: | 700.00 |
Exterior
| Exterior Construction: | Stucco |
| Pool: | No |
| Roof: | Asphalt |
| Spa: | No |
Detailed Map
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Income
