$4,999,000
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1220 Manhattan AVE Manhattan Beach, CA 90266
4,800 SqFt
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $1,262
MLS Listing ID SB22146156
Year Built 1955
Lot Size 3,323 Sqft
Property Description
Generational investment opportunity one block north of the Pier in the Manhattan Beach sand section. The first time available in over 20 years, this irreplaceable walk-street apartment building consists of 6 large one bedroom, one bathroom units (approx. 800 SF each) along with 6 garages. With rents approximately 30% below market, this opportunity will not only provide an investor with upside in rents, but also a great hedge against inflation in this excellent rental market, which consistently enjoys low vacancy and turnover rates. This pride of ownership Property has been well maintained and includes a common area outdoor patio. Set on a highly desirable walk street lot in a prime section of Manhattan Beach, it is located only two blocks from The Strand and one block from Downtown dining and shopping. This is truly an extraordinarily unique asset in a highly attractive area offering an investor long term stable income, as well as the opportunity to add additional value via a thoughtful upgrade of the Property.
Location
State CA
County Los Angeles
Area 142 - Manhattan Bch Sand
Zoning MNRH
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Wall Furnace
Cooling None
Flooring Laminate, Tile
Fireplaces Type None
Laundry None
Exterior
Exterior Feature Awning(s)
Garage Assigned, Garage Faces Front, On Site, Garage Faces Rear, Storage
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Biking, Curbs, Sidewalks
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
View Y/N Yes
View Bay, Catalina, Neighborhood, Ocean
Building
Lot Description Front Yard, Gentle Sloping, Rectangular Lot, Sloped Up, Walkstreet
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Trust
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Bought with Daniel O'Connor • Pacifica Properties Group, Inc.