1345 Manhattan Beach Blvd - Apartments FOR SALE


Manhattan Beach, CA 90266
$2,850,000 USD
310-710-3829
1345 Manhattan Beach Blvd, Manhattan Beach, CA for Sale
$2,850,000 USD
Apartments - FOR SALE
1/26
null | 4.4% Cap Rate

1345 Manhattan Beach Blvd
Manhattan Beach, CA 90266


HIGHLIGHTS

  • 4-Unit Apartment Building in East Manhattan Beach
  • (1) 2-Bed/2-Bath, (3) 2-Bed/1-Bath Units
  • Front 2-Bed/2-Bath is Spacious Townhome Style Unit Delivered Vacant at COE
  • 4.4% CAP | $712,500/Unit | $722.98/SF
  • Fully Remodeled in 2017
  • Located in a Great Pocket of Manhattan Beach – Just down the Street from Polliwog Park, Close Distance to Mira Costa, MBMS, & Meadows Elementary

OVERVIEW

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 plus one uncovered space. Priced attractively at $712,500 per unit and $722.98 per square foot, the property provides a solid income opportunity with a 4.4% CAP rate. Located in a 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. It is also a great opportunity for an owner-user with the front townhome-style unit to be delivered vacant.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$723 USD /SF

# OF UNITS

4

PRICE/UNIT

$712,500

CAP RATE

4.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,961 SF

ZONING

MNRH

APN/PARCEL ID

4166-010-025

ASK ABOUT THIS PROPERTY

Woody StahlLyon Stahl Investment Real Estate, Inc.More Info
310-710-3829

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Woody StahlLyon Stahl Investment Real Estate, Inc.More Info
310-710-3829

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.