Manhattan Beach, CA 90266,1320 Manhattan Avenue
Manhattan Beach, CA 90266,1320 Manhattan Avenue
Manhattan Beach, CA 90266,1320 Manhattan Avenue
12
$4,475,000
Est.Price: ?

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7 BD
3 BA
3,332 Sqft Lot

1320 Manhattan Avenue Manhattan Beach, CA 90266

Est. payment /mo
SOLD DATE : 09/09/2022

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Key Details

Sold Price $4,475,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB22155270

Bedrooms 7

Lot Size 3,332 Sqft

Property Sub-Type Res Income 2-4 Units

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.
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.

Location

State CA

County Los Angeles

Area Manhattan Beach (90266)

Zoning Assessor

Interior

Heating Natural Gas

Exterior

Parking Features Unit1:Assigned

Building

Lot Description Corner Lot, Sidewalks

Story 2

Others

Acceptable Financing Cash, Land Contract

Space Rent $5,000

Listing Terms Cash, Land Contract

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San Diego Regional MLS (SDMLS)
Listed by Daniel O'Connor • Pacifica Properties Group, Inc.
Bought with Daniel O'Connor • Pacifica Properties Group, Inc.

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agent

Wendy Carter

Real Estate Agent | CA DRE#02059416

+1(858) 716-6750

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