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    Property Description

    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.

    Features
    : Wall Furnace
    : Garage
    0
    CLW-C128981
    2
    Address Map
    11TH
    1813
    Street
    0
    W119° 37' 10.9''
    N33° 53' 12.3''
    MLS Addon
    Marcus & Millichap
    $0
    MNRH-D2
    6,499 Sqft
    Head
    01330706
    : Standard
    CLW-X7515105
    Brice
    From Aviation Blvd, turn west onto 11th Street. Building located on right side of street.
    147 - Manhattan Bch Mira Costa
    4164001015
    $0
    0

    Residential Income Sold

    1813 11TH Street, Manhattan Beach, California 90266

    $2,499,000
    Listing ID #20574928
    Basic Details
    Property Type : Residential Income
    Listing Type : Sold
    Listing ID : 20574928
    List Price : $2,499,000
    Year Built : 1959
    State : California
    County : Los Angeles
    City : Manhattan Beach
    Zipcode : 90266
    Close Price : $2,400,000
    Status : Closed
    Property Type : Single Family Residence
    Days on Market : 8
    Agent info
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