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.
Property Details
Price:
$2,850,000
MLS #:
PW24210819
Status:
Active
Baths:
0
Address:
1345 Manhattan Beach Boulevard
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
146manhattanbchheightslibvlg
City:
Manhattan Beach
Listed Date:
Oct 10, 2024
State:
CA
ZIP:
90266
Lot Size:
5,007 sqft / 0.11 acres (approx)
Year Built:
1967
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Schools
Interior
Cooling
None
Fireplace Features
None
Heating
None
Exterior
Community Features
Biking
Garage Spaces
4.00
Lot Features
2-5 Units/ Acre
Parking Spots
4.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address1345 Manhattan Beach Boulevard Manhattan Beach CA
- Area146 – Manhattan Bch Heights/Lib Vlg
- CityManhattan Beach
- CountyLos Angeles
- Zip Code90266
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Courtesy of Lyon Stahl Investment Real Est. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.1345 Manhattan Beach Boulevard
Manhattan Beach, CA
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