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.
- Heating System
- Parking:
- Driveway
- Senior Community:
- 0
- List Agent Agent ID:
- CLW-C128981
- Stories:
- 2
- Street:
- 11TH
- Street Number:
- 1813
- Street Suffix:
- Street
- Floor Number:
- 0
- Longitude:
- W119° 37' 10.9''
- Latitude:
- N33° 53' 12.3''
- Listing Courtesy of:
- Marcus & Millichap
- TaxAnnualAmount:
- $0
- Zoning:
- MNRH-D2
- Lot Size Square Feet:
- 6,499 Sqft
- List Agent Last Name:
- Head
- List Agent License Number:
- 01330706
- Special Listing Conditions:
- Standard
- List Office ID:
- CLW-X7515105
- List Agent First Name:
- Brice
- Directions:
- From Aviation Blvd, turn west onto 11th Street. Building located on right side of street.
- MLSAreaMajor:
- 147 - Manhattan Bch Mira Costa
- Parcel Number:
- 4164001015
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
Residential Income Sold
1813 11TH Street, Manhattan Beach, California 90266
- Property Type :
- Residential Income
- Listing Type :
- Sold
- Listing ID :
- 20574928
- List Price :
- $2,499,000
- Year Built :
- 1959
- State:
- CA
- County:
- Los Angeles
- City:
- Manhattan Beach
- Zipcode:
- 90266
- Close Price :
- $2,400,000
- Status :
- Closed
- Property Type :
- Single Family Residence
- Days on Market :
- 8
