$4,299,000
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1320 Manhattan AVE Manhattan Beach, CA 90266
2,980 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,980 sqft
Price per Sqft $1,501
MLS Listing ID SB22155270
Year Built 1913
Lot Size 3,332 Sqft
Property Description
This generational investment opportunity is two blocks north of the Pier in the Manhattan Beach sand section. This unique tri-plex consists of a standalone 3-bedroom, 1-bathroom front unit and two 2-bedroom, 1-bathroom units, along with three covered carports with additional storage. With rents approximately 20% 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. Set in a highly desirable section of Manhattan Beach, it is located only two blocks from The Strand and two blocks 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. This asset allows the possibility of long-term 30-year financing. Buyer to verify the possible opportunity to develop 3 townhomes.
Location
State CA
County Los Angeles
Area 142 - Manhattan Bch Sand
Zoning MNRH
Rooms
Ensuite Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Laundry Closet, Stacked
Interior
Laundry Location Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,Laundry Closet,Stacked
Heating Natural Gas, Wall Furnace
Cooling None
Flooring Tile, Vinyl
Fireplaces Type None
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Laundry Closet, Stacked
Exterior
Garage Attached Carport, Assigned, Covered, Side By Side
Pool None
Community Features Sidewalks
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
View Y/N Yes
View Ocean
Building
Lot Description Corner Lot, Sloped Down, Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, CashtoExistingLoan, CashtoNewLoan, Contract
Listing Terms Cash, CashtoExistingLoan, CashtoNewLoan, Contract
Special Listing Condition Standard
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Bought with Daniel O'Connor • Pacifica Properties Group, Inc.