Listed by Daniel O''Connor, Pacifica Properties Group, Inc.,

1220 Manhattan Avenue

Manhattan Beach, CA, 90266

$6,060,000

$1,262 per ft²
$6,060,000
$1,262 per ft²
Sold
Sold
carpenters-square
4,800 ft²
property_type
Multi-family
calendar
Built 1955
Generational investment opportunity one block north of the Pier in the Manhattan Beach sand section. The first time available in over 20 years, this irreplaceable walk-street apartment building consists of 6 large one bedroom, one bathroom units (approx. 800 SF each) along with 6 garages. With rents approximately 30% 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 and includes a common area outdoor patio. Set on a highly desirable walk street lot in a prime section of Manhattan Beach, it is located only two blocks from The Strand and one block 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.
MLS® ID:
SB22146156
Listed:
7/5/22
Updated:
8/15/22
Vista Sotheby's International Realty
Jon Grogan

Interior Features

Kitchen Appliances
Dishwasher, Exhaust Fan, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood
Total Bedrooms
0
Total Bathrooms
0
Interior Features
Beamed Ceilings, Built-in Features, Ceiling Fan(s), High Ceilings, Open Floorplan, Tile Counters, Galley Kitchen
Laundry Description
None
Floor Description
Laminate, Tile
Fireplace
None
Cooling
None
Heating
Wall Furnace

Exterior/Building Features

Lot Size
3,323 ft² lot
Exterior Features
Awning(s)
Architectural Style
Mid-Century Modern
Lot Details
Front Yard, Gentle Sloping, Rectangular Lot, Sloped Up, Walkstreet
Sewer
Public Sewer

Other Property Details

Area Name
142 - Manhattan Bch Sand
HOA Amenities
Biking, Curbs, Sidewalks
Garage
Yes
Garage Spaces
6
Parking
Assigned, Garage Faces Front, On Site, Garage Faces Rear, Storage
Parking Total
6.0
View
Y
County
Los Angeles
Utilities
Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Zoning
MNRH

Property History

Date
Event
Price
Value
8/9/22
Sold
-
-
8/9/22
Price Change
$6,060,000
121%
7/18/22
Pending
-
-

 

Listed by Daniel O''Connor, Pacifica Properties Group, Inc.,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/15/22. 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 7:03 PM UTC, 8/15/22

Vista Sotheby's International Realty
Jon Grogan
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