1320 Manhattan Avenue, Manhattan Beach CA, 90266

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.

Data last updated on 3/23/2024 at 1:43 AM UTC