$2,772,500
$2,850,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
5 Baths
5,007 Sqft Lot
SOLD DATE : 01/07/2025
Key Details
Sold Price $2,772,500
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW24210819
Sold Date 01/07/25
Bedrooms 8
HOA Y/N No
Lot Size 5,007 Sqft
Property Sub-Type Res Income 2-4 Units
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.
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 Manhattan Beach (90266)
Zoning Assessor
Building
Story 2
Lot Size Range 4000-7499 SF
Others
Monthly Total Fees $80
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Robert Sillman • Lyon Stahl Investment Real Estate, Inc.