1813 11th Street

Manhattan Beach, CA 90266

$2,499,000

Status: Pending

  • 6Units
  • 6,499Lot Sq. Ft.

Ultra-rare opportunity to acquire a multifamily asset in the highly sought-after 90266 zip code. Annual sales velocity is Manhattan Beach is one of the lowest in all of LA County. Classic, value-add opportunity for an investor wanting solid, long-term growth. 5% cap on proforma rents is competitive for a Beach Cities investment. The unit mix of all 2 Bed units is ideal for young couples or work-at-home renters. There are washer, dryer hookups in each garage space, as well. The majority of the units (4) are upstairs - they feel larger due to vaulted ceilings with attractive tongue and groove exposed word work. They also have views - there are expansive LA Basin views to the North. The East Manhattan location is extremely accessible to some of The South Bay's largest employers: Northrop Grumman (1 block away) , Lockheed Martin, AT&T DirecTV, Raytheon, MBS Media Campus - and the 405 and 105 Fwys are close by. Lastly, unit #4 will be vacated - an immediate opportunity.

Key Info

  • TypeResidential Income
  • StatusPending
  • Year Built1959
  • Days on Market8
  • Price$2,499,000
  • Date ListedApril 30th, 2020
  • MLS® #20574928

Interior

  • Units6
  • Bathrooms0.00
  • # of Stories2
  • HeatingWall Heater
  • CoolingNone

Listing Details

  • Listing AgentBrice Head(01330706)
  • Listing OfficeMarcus & Millichap

Community Information

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

Exterior

  • Lot Sq. Ft.6,499

Price Change History for 1813 11th Street, Manhattan Beach, CA (MLS® #20574928)

Date Details Change
Status Changed from Active to Pending
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Based on information from California Regional Multiple Listing Service, Inc. as of June 6th, 2020 at 9:17am 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.