See all 69 photos
69 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$2,550,000
Est. payment /mo
3 Beds
2 Baths
7,466 Sqft Lot
OPEN HOUSE
Fri Feb 21, 12:00pm - 2:00pm
Sat Feb 22, 1:00pm - 4:00pm
UPDATED:
02/21/2025 02:18 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25034625
Bedrooms 3
HOA Y/N No
Lot Size 7,466 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Presenting this exceptional duplex located on a rare and highly desirable corner lot in East Manhattan Beach, just over a mile from the beach. This property offers tremendous long-term income potential and exciting development possibilities. Featuring two updated and turnkey 3-bedroom, 2-bathroom units, it also includes a detached 2-car garage with Sunroom, a spacious driveway that can accommodate up to 3 additional vehicles, with spacious lot to potentially add ADU and JADU. With 2,600 sq. ft. of living space on a nearly 7,500 sq. ft. lot, this property presents a solid investment opportunity with projected annual income of $115,000 and a 4.1% cap rate. Nestled in a prime, sought-after neighborhood, residents will enjoy proximity to top-rated schools such as Meadows Avenue Elementary, Manhattan Beach Middle School, and the popular Polliwog Parkall just a short walk away. This property is an excellent opportunity for investors looking to leverage the strong rental market, potential for value-added development, and the long-term appreciation prospects of the Manhattan Beach Market.
Presenting this exceptional duplex located on a rare and highly desirable corner lot in East Manhattan Beach, just over a mile from the beach. This property offers tremendous long-term income potential and exciting development possibilities. Featuring two updated and turnkey 3-bedroom, 2-bathroom units, it also includes a detached 2-car garage with Sunroom, a spacious driveway that can accommodate up to 3 additional vehicles, with spacious lot to potentially add ADU and JADU. With 2,600 sq. ft. of living space on a nearly 7,500 sq. ft. lot, this property presents a solid investment opportunity with projected annual income of $115,000 and a 4.1% cap rate. Nestled in a prime, sought-after neighborhood, residents will enjoy proximity to top-rated schools such as Meadows Avenue Elementary, Manhattan Beach Middle School, and the popular Polliwog Parkall just a short walk away. This property is an excellent opportunity for investors looking to leverage the strong rental market, potential for value-added development, and the long-term appreciation prospects of the Manhattan Beach Market.
Presenting this exceptional duplex located on a rare and highly desirable corner lot in East Manhattan Beach, just over a mile from the beach. This property offers tremendous long-term income potential and exciting development possibilities. Featuring two updated and turnkey 3-bedroom, 2-bathroom units, it also includes a detached 2-car garage with Sunroom, a spacious driveway that can accommodate up to 3 additional vehicles, with spacious lot to potentially add ADU and JADU. With 2,600 sq. ft. of living space on a nearly 7,500 sq. ft. lot, this property presents a solid investment opportunity with projected annual income of $115,000 and a 4.1% cap rate. Nestled in a prime, sought-after neighborhood, residents will enjoy proximity to top-rated schools such as Meadows Avenue Elementary, Manhattan Beach Middle School, and the popular Polliwog Parkall just a short walk away. This property is an excellent opportunity for investors looking to leverage the strong rental market, potential for value-added development, and the long-term appreciation prospects of the Manhattan Beach Market.
Location
State CA
County Los Angeles
Area Manhattan Beach (90266)
Zoning Assessor
Building
Lot Description Corner Lot
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less Info
Listed by Patrick Sweeney • The CREM Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "