1256 Manhattan Beach Blvd.

Manhattan Beach, CA 90266 View Map $2,750,000 Schedule a Tour
Sq.Ft. Lot5,025
Year1960
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Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:SB22159614
On Site:50 Days
Lot Size:5,025 Sq. Ft.
County:Los Angeles

Listing Agent/Office

Agent:Adam Barshay
Office:Barshay Real Estate, Inc.
This well-maintained pride of ownership 4-plex is located in the highly desirable coastal community of Manhattan Beach. This spacious apartment building contains a lower-level unit of 3-bedrooms and 2-bathrooms, with single family home-like features including a laundry room and could very comfortably serve as a residence for the new owner/investor. The second story consists of three generously sized 1-bedroom, 1-bath units which have access to an on-site coin-operated laundry facility in the garage. Recent updates to the Property include some interior remodel work, exterior paint, newer roof with rain gutters, redone asphalt and decking. The on-site parking consists of four garages, plus four additional off-street parking spaces allowing for each unit to get its own garage space and parking spot. With below market rents, this opportunity will not only provide an investor with upside in rents, but also a great hedge against inflation in this excellent rental market. This property has not been available for purchase in 25 years and over that period has enjoyed low vacancy and turnover rates. In addition to potentially functioning as the primary residence for the new owner/investor, long-term fixed-rate 30-year financing is available to the new owner of this Property.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:1256 Manhattan Beach Blvd. Manhattan Beach, CA 90266
Zip Code:90266

Architecture

Year Built:1960
Stories:2
Style:Traditional
Construction Materials: Brick, Block, Concrete, Stucco
Building Area: 3692.0
Number of Buildings: 1
Total Units: 4
Stories Total: 2
Unit 1: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $3,250 pro forma
Unit 2: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,900 actual rent • $1,900 total rent • $3,250 pro forma
Unit 3: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $2,050 actual rent • $2,050 total rent • $3,250 pro forma
Unit 4: 1 Unit • 3 Beds • 2 Baths • Unfurnished • $2,800 actual rent • $2,800 total rent • $5,250 pro forma
Roof: Composition, Shingle
Foundation: Pillar/Post/Pier
Garage Spaces: 4.0
Parking Features: Assigned, On Site, Paved, Side By Side
Open Parking Spaces: 4.0
Parking Total: 8.0

Features / Amenities

Interior Features: Balcony, Ceiling Fan(s)
Appliances: Built-In Range, Gas Cooktop, Gas Range, Vented Exhaust Fan, Water Heater
Flooring: Carpet, Vinyl
Laundry: Inside, In Garage, Laundry Room
Exterior Features: Lighting, Rain Gutters
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Window: Blinds
Common Walls: 2+ Common Walls
Heating: Forced Air, Wall Furnace

Rooms

Kitchen
Living Room

Property Features

Lot Size: 0.12 Acres / 5,025 Sq. Ft.
Lot Features: Item01UnitAcre, Corner Lot
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer: Public Sewer
Water: Public
Electric: ElectricityOnProperty
Road Frontage: City Street
Road Surface: Maintained, Paved
Directions:Southwest corner of Manhattan Beach Blvd & Meadows Avenue

Tax and Financial Info

Gross Income: $121,800
Gross Scheduled Income: $121,800
Net Operating Income: $75,420
Electric Expense: $300
Fuel Expense: $720
Insurance Expense: $2,183
Trash Expense: $820
Water/Sewer Expense: $1,480
Operating Expense: $43,944
Terms: Cash, CashtoNewLoan, Conventional, Item1031Exchange

Schools

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1256 Manhattan Beach Blvd. Manhattan Beach, CA 90266
GO SEE THIS LISTING
1256 Manhattan Beach Blvd. Manhattan Beach, CA 90266
 
ASAP
Tue
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Oct
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6
Oct
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Oct
Sat
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Choose Your Date -- It's Free, Cancel Anytime
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Listing agent / office Adam Barshay, Barshay Real Estate, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of October 3, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.

Property Summary:

Home for sale at .

Description: The property at 1256 Manhattan Beach Blvd. Manhattan Beach, CA 90266 in the subdivision with the MLS# SB22159614 is currently listed for $2,750,000 and has been on the market for 49 days.

GeoCoordinates:

33.887101
-118.391862

Listing Price: $2,750,000

You are viewing the CRMLS listing details of the home for sale at 1256 Manhattan Beach Blvd. Manhattan Beach, CA 90266, which features 0 bedrooms and 0 bathrooms, and 0 sq.ft. of living area.