PRICED TO SELL! Rare half-lot duplex in great condition; outstanding value for west of Highland. Move-in ready!
Buyer only needs to qualify for loan on $1.6 million property since rental income from the other unit will carry the rest of the mortgage. This is a very rare 2-unit owner / investor property in the sand section west of Highland, a custom-built duplex and a perfect starter home for Manhattan Beach. With an elevator for the top unit and rental income from the 2nd unit, it would also make a great retirement home or 2ndhome by the beach. Live in one unit and rent out the other; or rent out both units.
The top unit (229 42nd Street) is currently renting at $3,995 (lease expires May 2018). The downstairs unit (231 42nd Street) is renting at $3,675 (lease expires March 2019).
-Amazing panoramic ocean views from PV to Malibu.
-Fireplace and ocean view deck in both units.
-Built in 1992 with many custom features; elevator from garage to top unit
-4 car garage (tandem 2+2), plus 3 car driveway parking; 7 parking spots total!
-Bright and sunny with lots of windows
-Wood floors and marble countertop kitchens, with upgraded appliances
-Walk to beach and restaurants
-Both units are approximately 950 square foot for a total living space of 1900. Tax record differs from previous MLS listing, buyer to verify square footage.
Cross reference MLS# IN18037909
Buyer to cooperate with 1031 exchange
