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1320 Manhattan Ave, Manhattan Beach

1320 Manhattan Avenue, Manhattan Beach, California 90266

$4,299,000 (Sold At) $4,475,000
1320 Manhattan Ave, Manhattan Beach
1320 Manhattan Ave, Manhattan Beach
1320 Manhattan Ave, Manhattan Beach
1320 Manhattan Ave, Manhattan Beach
1320 Manhattan Ave, Manhattan Beach
1320 Manhattan Ave, Manhattan Beach
1320 Manhattan Ave, Manhattan Beach
1320 Manhattan Ave, Manhattan Beach
1320 Manhattan Ave, Manhattan Beach
1320 Manhattan Ave, Manhattan Beach
1320 Manhattan Ave, Manhattan Beach

Property Details

Beds7 Baths3 Garage3 Lot Size3,332 sq. ft
Year1913 Bldg Size2,980 sq. ft

Property Description

This generational investment opportunity is two blocks north of the Pier in the Manhattan Beach sand section. This unique tri-plex consists of a standalone 3-bedroom, 1-bathroom front unit and two 2-bedroom, 1-bathroom units, along with three covered carports with additional storage.

With rents approximately 20% 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. Set in a highly desirable section of Manhattan Beach, it is located only two blocks from The Strand and two blocks 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.

This asset allows the possibility of long-term 30-year financing. Buyer to verify the possible opportunity to develop 3 townhomes.

Property Type Investment, Residential

Property Status: Sold

Property Features Ocean Views

Location

1320 Manhattan Avenue, Manhattan Beach, California 90266

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Contact

Dan O'Connor