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1220 Manhattan Avenue, Manhattan Beach

1220 Manhattan Avenue , Manhattan Beach, California 90266

$4,999,000 (Sold At) $6,060,000
1220 Manhattan Avenue, Manhattan Beach
1220 Manhattan Avenue, Manhattan Beach
1220 Manhattan Avenue, Manhattan Beach
1220 Manhattan Avenue, Manhattan Beach
1220 Manhattan Avenue, Manhattan Beach
1220 Manhattan Avenue, Manhattan Beach
1220 Manhattan Avenue, Manhattan Beach
1220 Manhattan Avenue, Manhattan Beach
1220 Manhattan Avenue, Manhattan Beach
1220 Manhattan Avenue, Manhattan Beach
1220 Manhattan Avenue, Manhattan Beach
1220 Manhattan Avenue, Manhattan Beach
1220 Manhattan Avenue, Manhattan Beach
1220 Manhattan Avenue, Manhattan Beach
1220 Manhattan Avenue, Manhattan Beach

Property Details

Beds6 Baths6 Garage6 Lot Size3,323 sq. ft
Year1955 Bldg Size4,800 sq. ft

Property Description

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.

Property Type Investment, Residential

Property Status: Sold

Property Features Garage, Ocean Views, Vaulted Ceilings

Location

1220 Manhattan Avenue , Manhattan Beach, California 90266

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Contact

Dan O'Connor