Sold
1320 Manhattan Avenue
Manhattan Beach CA, 90266
$4,475,000
$1,501.68 per sqft
Sold
2,980 sqft
Multi-family
Built in 1913
Listed by Daniel O'Connor with Pacifica Properties Group, Inc. 310-374-0303
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.
SB22155270
MLSⓇ ID
July 19, 2022
Listed
March 23, 2024
Updated
Map
1320 Manhattan Avenue
Manhattan Beach CA, 90266
Interior Features
Total Stories
2
Interior Features
Beamed Ceilings, Built-in Features, Balcony, Ceiling Fan(s), Open Floorplan, Stone Counters, Recessed Lighting, Tile Counters, Galley Kitchen
Appliances
Dishwasher, Gas Range, Refrigerator, Range Hood, Water Heater
Laundry Description
Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Laundry Closet, Stacked
Floor Description
Tile, Vinyl
Fireplace
Yes
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Natural Gas, Wall Furnace
Exterior/Building Features
Lot Size
0.08 Acres
Lot Features
Corner Lot, Sloped Down, Rectangular Lot
Architectual Style
Bungalow
Sewer
Public Sewer
Other Property Details
Area Name
142 - Manhattan Bch Sand
Days on Market
13
Garage
No
Parking
Attached Carport, Assigned, Covered, Side By Side
Parking Total
3
View
Yes
View Description
Ocean
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
MNRH
Buyer Agency Compensation
2.5%
Listing Contact: 310-374-0303
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:43 AM UTC