Presenting this exceptional duplex located on a rare and highly desirable corner lot in East Manhattan Beach, just over a mile from the beach. This property offers tremendous long-term income potential and exciting development possibilities. Featuring two updated and turnkey 3-bedroom, 2-bathroom units, it also includes a detached 2-car garage with Sunroom, a spacious driveway that can accommodate up to 3 additional vehicles, with spacious lot to potentially add ADU and JADU. With 2,600 sq. ft. of living space on a nearly 7,500 sq. ft. lot, this property presents a solid investment opportunity with projected annual income of $115,000 and a 4.1% cap rate. Nestled in a prime, sought-after neighborhood, residents will enjoy proximity to top-rated schools such as Meadows Avenue Elementary, Manhattan Beach Middle School, and the popular Polliwog Park—all just a short walk away. This property is an excellent opportunity for investors looking to leverage the strong rental market, potential for value-added development, and the long-term appreciation prospects of the Manhattan Beach Market.
Property Details
Price:
$2,550,000
MLS #:
PW25034625
Status:
Active
Baths:
0
Address:
1400 15th Street
Type:
Residential Income
Subtype:
Duplex
Neighborhood:
146manhattanbchheightslibvlg
City:
Manhattan Beach
Listed Date:
Feb 15, 2025
State:
CA
ZIP:
90266
Lot Size:
7,466 sqft / 0.17 acres (approx)
Year Built:
1958
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Schools
Interior
Cooling
None
Fireplace Features
None
Heating
Central
Exterior
Community Features
Suburban
Garage Spaces
2.00
Lot Features
Corner Lot
Parking Features
Off Street, Tandem Uncovered
Parking Spots
6.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
City Lights
Water Source
Public
Financial
Map
Community
- Address1400 15th Street Manhattan Beach CA
- Area146 – Manhattan Bch Heights/Lib Vlg
- CityManhattan Beach
- CountyLos Angeles
- Zip Code90266
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1400 15th Street
Manhattan Beach, CA
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