1250 Manhattan Beach

Manhattan Beach, CA 90266

$2,400,000

Status: Active

  • 4Units
  • 3,692SQ. Feet
  • 5,080Lot Sq. Ft.

PLEASE CALL FOR A DETAILED OFFERING MEMORANDUM .143% Increase In NOI! 1250 Manhattan Beach Blvd, a four-unit investment property in Manhattan Beach, California. The property is located between Meadows Avenue and Sepulveda Blvd just blocks from Polliwog Park and the Manhattan Beach Middle School. This area is a solid majority-renter market with low vacancy rates.1250 Manhattan Beach Blvd consists of three one Bedroom one Bathroom units and one three Bedroom one Bathroom unit. All of the units are separately metered for gas and electricity. The property also offers four garage spaces. Due to its location and vintage of building, this property does not fall under Los Angeles Rent Control. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.

Key Info

  • TypeResidential Income
  • StatusActive
  • Year Built1960
  • Days on Market10
  • Price$2,400,000
  • Price/Sqft$650
  • Date ListedAugust 8th, 2019
  • MLS® #19498006

Interior

  • Square Footage3,692
  • Units4
  • Bathrooms0.00
  • # of Stories2
  • CoolingNone

Listing Details

  • Listing AgentJonathan Weir(02038545)
  • Listing OfficeMarcus & Millichap

Community Information

  • AreaManhattan Beach Mira Costa (147)
  • CityManhattan Beach, CA
  • Zip Code90266
  • CountyLos Angeles

Exterior

  • Lot Sq. Ft.5,080
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Based on information from California Regional Multiple Listing Service, Inc. as of August 19th, 2019 at 3:32am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.