$6,060,000
$4,999,000
21.2%For more information regarding the value of a property, please contact us for a free consultation.
3,323 Sqft Lot
SOLD DATE : 08/09/2022
Key Details
Sold Price $6,060,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22146156
Sold Date 08/09/22
Construction Status Repairs Cosmetic,Turnkey
HOA Y/N No
Year Built 1955
Lot Size 3,323 Sqft
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.
Location
State CA
County Los Angeles
Area 142 - Manhattan Bch Sand
Zoning MNRH
Interior
Interior Features Beamed Ceilings, Built-in Features, Ceiling Fan(s), High Ceilings, Open Floorplan, Tile Counters, Galley Kitchen
Heating Wall Furnace
Cooling None
Flooring Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Exhaust Fan, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood
Laundry None
Exterior
Exterior Feature Awning(s)
Garage Assigned, Garage Faces Front, On Site, Garage Faces Rear, Storage
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Biking, Curbs, Sidewalks
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
View Y/N Yes
View Bay, Catalina, Neighborhood, Ocean
Total Parking Spaces 6
Private Pool No
Building
Lot Description Front Yard, Gentle Sloping, Rectangular Lot, Sloped Up, Walkstreet
Faces North
Story 2
Entry Level Multi/Split
Sewer Public Sewer
Water Public
Architectural Style Mid-Century Modern
Level or Stories Multi/Split
New Construction No
Construction Status Repairs Cosmetic,Turnkey
Others
Senior Community No
Tax ID 4179024001
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Trust
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Bought with Daniel O'Connor • Pacifica Properties Group, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
24251 Town Center Dr Suite 201, Valencia, California, 91355, United States