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    Property Description

    This generational investment opportunity is two blocks north of the Pier in the Manhattan Beach sand section. This unique tri-plex consists of a standalone 3-bedroom, 1-bathroom front unit and two 2-bedroom, 1-bathroom units, along with three covered carports with additional storage. With rents approximately 20% below market, this opportunity will not only provide an investor with upside in rents, but also a great hedge against inflation in this excellent rental market, which consistently enjoys low vacancy and turnover rates. This pride of ownership property has been well maintained. Set in a highly desirable section of Manhattan Beach, it is located only two blocks from The Strand and two blocks from Downtown dining and shopping. This is truly an extraordinarily unique asset in a highly attractive area offering an investor long term stable income, as well as the opportunity to add additional value via a thoughtful upgrade of the Property. This asset allows the possibility of long-term 30-year financing. Buyer to verify the possible opportunity to develop 3 townhomes.

    Features
    : natural gas, Wall Furnace
    : Ocean
    : 3.00
    0
    : Electricity Available, Natural Gas Available, Water Available, Cable Available, Phone Available, Sewer Available
    : Washer Hookup, Gas & Electric Dryer Hookup, Stackable, In Closet
    : Attached Carport, Covered, Assigned, Side By Side
    : Public Sewer
    : Living Room, Kitchen, Bonus Room, Galley Kitchen
    : 1 Common Wall
    0
    SOCONNDA
    : Public
    : Rectangular Lot, Corner Lot, Sloped Down
    : Sidewalks
    2
    1
    : Tile, Vinyl
    0
    : Turnkey
    : Bungalow
    : Dishwasher, Gas Range, Refrigerator, Range Hood, Water Heater
    0
    : Built-in Features, Open Floorplan, Recessed Lighting, Stone Counters, Balcony, Ceiling Fan(s), Beamed Ceilings, Living Room Balcony, Tile Counters
    Address Map
    Manhattan
    1320
    Avenue
    4746
    0
    W119° 35' 18.8''
    N33° 53' 11.9''
    MLS Addon
    Pacifica Properties Group, Inc.
    $0
    MNRH
    3,332 Sqft
    O'Connor
    01384632
    : Standard
    SB1366730
    Daniel
    Two blocks North of Manhattan Beach Blvd
    142 - Manhattan Bch Sand
    Two
    4179025005
    02142076
    $0
    0

    Residential Income Sold

    1320 Manhattan Avenue, Manhattan Beach, California 90266

    0.08 Sqft
    $4,299,000
    Listing ID #SB22155270
    Basic Details
    Property Type : Residential Income
    Listing Type : Sold
    Listing ID : SB22155270
    List Price : $4,299,000
    Year Built : 1913
    Lot Area : 0.08 Sqft
    Country : US
    State : California
    County : Los Angeles
    City : Manhattan Beach
    Zipcode : 90266
    Close Price : $4,475,000
    Status : Closed
    Property Type : Triplex
    Price Per Square Foot : $1,502
    Days on Market : 13
    Agent info
    Contact Agent
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