323 Marine Ave - Multi-Family FOR SALE


Manhattan Beach, CA 90266
$3,400,000 USD
310-710-3829
323 Marine Ave, Manhattan Beach, CA for Sale
$3,400,000 USD
Multi-Family - FOR SALE
1/22
null | 1.66% Cap Rate

323 Marine Ave
Manhattan Beach, CA 90266


HIGHLIGHTS

  • Lowest-Priced Full Lot (30' x 90') in the Sand Section of MB
  • Build a New Custom Home with Panoramic Ocean Views
  • Redeveloped Parcel to the East Has White Water Views and Sold in 2017 for Nearly 7M!
  • Zoning Allows for Immediate Use As Short Term Rentals to Increase Cash Flow!
  • Air DNA - #1 Platform for Short Term Rentals Estimates Revenue Up To $300k / Year
  • One Unit is Currently Vacant, Great Owner-User Opportunity While Working Through Plans For Redevelopment

OVERVIEW

Lowest-priced full lot (30’ x 90’) in the Sand Section! A+ location with ocean views situated just a few blocks from The Strand! The front building has (2) 2-Bed/1-Bath units and the rear building has a 1-Bed/1-Bath unit above the 3 Car Garage. This is a great opportunity to build your dream house with big ocean views, and if you are not ready to build, increase the revenue by renting the existing units as short-term rentals. The redeveloped property to the East has White-Water Panoramic Ocean Views from PV to Malibu and sold for $6.9M in 2017.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$1,507 USD /SF

# OF UNITS

3

PRICE/UNIT

$1,133,333

CAP RATE

1.66%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Triplex in Manhattan Beach

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,698 SF

ZONING

-

APN/PARCEL ID

4177-018-014

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.