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Listed by Robert Sillman • Lyon Stahl Investment Real Estate, Inc.
$2,550,000
Est. payment /mo
3,131 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,131 sqft
Price per Sqft $814
MLS Listing ID CRSB25197916
HOA Y/N No
Year Built 1955
Lot Size 4,902 Sqft
Property Sub-Type OTHER
Source Datashare California Regional
Property Description
$100,000 Price Improvement + 4.63% CAP Rate + Newly Vacant & Renovated 1-Bed Unit! 1436 Manhattan Beach Blvd offers a desirable unit mix of (2) 1-bed/1-bath, (1) 2-bed/1-bath, and (1) 3-bed/2-bath. Select units have been updated with new flooring, fresh paint, stainless steel appliances, and in-unit washer/dryers. The building itself was recently painted and designed for low maintenance, with ownership responsible only for water, sewer, and trash while tenants cover all remaining utilities. Additional highlights include (4) single-car garages, owned laundry machines, and mostly copper plumbing. A brand-new electrical system has already been paid for and is pending installation. The spacious 3-bedroom unit features a large private patio, making it an excellent option for an owner-user. The building is subject to AB 1482 statewide rent control, which currently allows annual increases of up to 8% (5% + CPI). 3 units are eligible for a rent increase now. Centrally located near award-winning schools, Target, Polliwog Park, Downtown Manhattan Beach, and the Pier, this property combines strong rental potential with an unbeatable coastal location. With steady tenant demand and limited multifamily supply in Manhattan Beach, the asset offers long-term stability and growth for both investor
Location
State CA
County Los Angeles
Interior
Heating See Remarks
Cooling Other
Fireplace No
Laundry Common Area, Inside
Exterior
View City Lights, Mountain(s)
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