CA > Manhattan Beach
Manhattan Beach, CA 90266,1345 Manhattan Beach BLVD
$2,850,000
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3,942 SqFt
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1345 Manhattan Beach BLVD Manhattan Beach, CA 90266

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Norman Bramstedt

Norman Bramstedt

+1(619) 955-0488

UPDATED:

10/16/2024 01:29 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,942 sqft

Price per Sqft $722

MLS Listing ID PW24210819

HOA Y/N No

Year Built 1967

Lot Size 5,005 Sqft

Acres 0.1149

Property Description

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. Priced attractively at $712,500 per unit and $722.98 per square foot, the property provides a solid income opportunity with a 4.42% CAP rate. Located in a prime, 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.

Location

State CA

County Los Angeles

Area 146 - Manhattan Bch Heights/Lib Vlg

Zoning MNRH

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Heating None

Cooling None

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Biking

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4166010021

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Woody Stahl • Lyon Stahl Investment Real Est • woody@lyonstahl.com

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Norman Bramstedt

Broker Associate | License ID: 01435004

+1(619) 955-0488

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1345 Manhattan Beach BLVD