Listed by Adam Barshay, Barshay Real Estate, Inc.,

1256 Manhattan Beach Blvd.

Manhattan Beach, CA, 90266

$2,750,000

$744 per ft²
$2,750,000
$744 per ft²
Active
Active
 - For Sale
carpenters-square
3,692 ft²
property_type
Multi-family
calendar
Built 1960
This well-maintained pride of ownership 4-plex is located in the highly desirable coastal community of Manhattan Beach. This spacious apartment building contains a lower-level unit of 3-bedrooms and 2-bathrooms, with single family home-like features including a laundry room and could very comfortably serve as a residence for the new owner/investor. The second story consists of three generously sized 1-bedroom, 1-bath units which have access to an on-site coin-operated laundry facility in the garage. Recent updates to the Property include some interior remodel work, exterior paint, newer roof with rain gutters, redone asphalt and decking. The on-site parking consists of four garages, plus four additional off-street parking spaces allowing for each unit to get its own garage space and parking spot. With below market rents, this opportunity will not only provide an investor with upside in rents, but also a great hedge against inflation in this excellent rental market. This property has not been available for purchase in 25 years and over that period has enjoyed low vacancy and turnover rates. In addition to potentially functioning as the primary residence for the new owner/investor, long-term fixed-rate 30-year financing is available to the new owner of this Property.
MLS® ID:
SB22159614
Listed:
8/12/22
Updated:
9/29/22

Interior Features

Kitchen Appliances
Built-In Range, Gas Cooktop, Gas Range, Vented Exhaust Fan, Water Heater
Total Bedrooms
0
Total Bathrooms
0
Interior Features
Balcony, Ceiling Fan(s)
Laundry Description
Inside, In Garage, Laundry Room
Floor Description
Carpet, Vinyl
Fireplace
None
Cooling
None
Heating
Forced Air, Wall Furnace

Exterior/Building Features

Lot Size
5,025 ft² lot
Exterior Features
Lighting, Rain Gutters
Architectural Style
Traditional
Lot Details
0-1 Unit/Acre, Corner Lot
Roof
Composition, Shingle
Sewer
Public Sewer

Other Property Details

Area Name
147 - Manhattan Bch Mira Costa
HOA Amenities
Sidewalks
Garage
Yes
Garage Spaces
4
Parking
Assigned, On Site, Paved, Side By Side
Parking Total
8.0
View
Y
County
Los Angeles
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2

 

Listed by Adam Barshay, Barshay Real Estate, Inc.,

Based on information from California Regional Multiple Listing Service, Inc. as of 9/29/22. 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, 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.

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Data last updated 9:53 PM UTC, 9/29/22

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