119 40th Street presents a rare opportunity in the Sand Section, less than a block from the beach. This duplex offers (2) 2-Bed/1-Bath units, each showcasing stunning ocean views from living rooms and balconies. The property also features a spacious (4) car garage w/ storage compartments + (2) driveway spots, plus the convenience of on-site laundry. Currently at 1.96% CAP with a 4.42% Market CAP, this property promises potential appreciation and rental upside with interior remodel. Short Term Rental Permits are also available for this property. According to Air DNA, the #1 platform for STR Data, The short- term yearly rental income is $196.5K. With its location, configuration, and upside – 119 40th St is an ideal asset for any Beach Cities investor or owner-user.
- Parking:
- 20.00
- New Construction YN:
- 0
- Laundry:
- Upper Level
- Parking:
- Garage - Two Door, Driveway
- Sewer:
- Conventional Septic
- Common Walls:
- 1 Common Wall
- Senior Community:
- 0
- List Agent Agent ID:
- PWSTAWOO
- Water Source:
- Public
- Lot Features:
- 2-5 Units/acre
- Community Features:
- Biking
- Stories:
- 1
- Entry Level:
- 1
- Entry Location
- Street:
- 40th
- Street Number:
- 119
- Street Suffix:
- Street
- Zip4:
- 3114
- Floor Number:
- 0
- Longitude:
- W119° 34' 48''
- Latitude:
- N33° 54' 9.3''
- Listing Courtesy of:
- Lyon Stahl Investment Real Est
- TaxAnnualAmount:
- $0
- Garage Spaces:
- 4
- Zoning:
- MNRH
- Lot Size Square Feet:
- 1,353 Sqft
- List Agent Last Name:
- Stahl
- List Agent License Number:
- 01399621
- Special Listing Conditions:
- Standard
- List Office ID:
- PB20378
- List Agent First Name:
- Woody
- Directions:
- 4 Parcels from the strand
- MLSAreaMajor:
- 142 - Manhattan Bch Sand
- Levels:
- Two
- Parcel Number:
- 4137009036
- List Agent License Number:
- 01972083
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
Residential Income For Sale
119 40th Street, Manhattan Beach, California 90266
- Property Type :
- Residential Income
- Listing Type :
- Sold
- Listing ID :
- PW24094707
- List Price :
- $2,150,000
- Year Built :
- 1988
- Lot Area :
- 0.03 Sqft
- Country:
- US
- State:
- CA
- County:
- Los Angeles
- City:
- Manhattan Beach
- Zipcode:
- 90266
- Close Price :
- $2,275,000
- Status :
- Closed
- Property Type :
- Duplex
- Price Per Square Foot :
- $1,466
- Days on Market :
- 12
