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.
- Heating System:
- Space Heater
- View:
- Pier
- Parking:
- 2.00
- New Construction YN:
- 0
- Utilities:
- Natural Gas Not Available, Natural Gas Connected, Sewer Connected, Electricity Connected, Water Available, Cable Not Available
- Laundry:
- Inside, No, Gas Dryer Hookup, In Closet
- Parking:
- Carport, Controlled Entrance, Tandem Covered, Driveway - Brick
- Sewer:
- Conventional Septic
- Room Type:
- Living Room, Kitchen, Bonus Room, Galley Kitchen
- Common Walls:
- 1 Common Wall
- Senior Community:
- 0
- List Agent Agent ID:
- SOCONNDA
- Water Source:
- Public
- Lot Features:
- Rectangular Lot, Corner Lot, Sloped Down
- Community Features:
- Sidewalks
- Stories:
- 2
- Entry Level:
- 1
- Flooring:
- Tile, Vinyl
- Association:
- 0
- Entry Location
- Property Condition:
- Turnkey
- Architectural Style:
- Bungalow
- Appliances:
- Microwave, Vented Exhaust Fan, Electric Oven, 6 Burner Stove, Indoor Grill
- Spa:
- 0
- Interior Features:
- Built-in Features, Open Floorplan, Recessed Lighting, Stone Counters, Balcony, Ceiling Fan(s), Beamed Ceilings, Living Room Balcony, Tile Counters
- Street:
- Manhattan
- Street Number:
- 1320
- Street Suffix:
- Avenue
- Zip4:
- 4746
- Floor Number:
- 0
- Longitude:
- W119° 35' 18.8''
- Latitude:
- N33° 53' 11.9''
- Listing Courtesy of:
- Pacifica Properties Group, Inc.
- TaxAnnualAmount:
- $0
- Zoning:
- MNRH
- Lot Size Square Feet:
- 3,332 Sqft
- List Agent Last Name:
- O'Connor
- List Agent License Number:
- 01384632
- Special Listing Conditions:
- Standard
- List Office ID:
- SB1366730
- List Agent First Name:
- Daniel
- Directions:
- Two blocks North of Manhattan Beach Blvd
- MLSAreaMajor:
- 142 - Manhattan Bch Sand
- Levels:
- Two
- Parcel Number:
- 4179025005
- List Agent License Number:
- 02142076
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
Residential Income Sold
1320 Manhattan Avenue, Manhattan Beach, California 90266
- 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:
- CA
- 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
