Trophy beach-side investment opportunity locate at Manhattan Beach, CA.For more information please contact the listing agent, Filip Niculete info@laaa.com (818) 212-2808

Posted: 07/24/2020 8:56 am | On HOMEiZ: 1375 days | Updated: 3 years ago | Views: 804

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$3500000

Last Sold Price

$3500000

Last Sold Date

07/23/2020

Total Lot Size

3,574.00 Sq. Ft.

Asking Price per Sq. Ft.

$1087

Total Building Size Sq. Ft.

3221

Commission Split %

Contact Listing Agent%

Cap Rate %

4.79%

Gross Annual Income

$258000

Net Operating Income

$167650

Gross Rent Multiplier

14.00

Operating Expenses

$55902

Annual Property Tax Rate for this property

1.25%

Property tax total amount

$43750

Property Location & Description

Listing Headline

Trophy beach-side investment opportunity locate at Manhattan Beach, CA.For more information please contact the listing agent, Filip Niculete info@laaa.com (818) 212-2808

Property Description

Retail Unit B & Small Office, Apt - Unit #1 - 2 Bed / 1 Bath, Apt - Unit #2 - 3 Bed / 1 Bath,Apt - Unit #3 - 3 Bed / 1 Bath.

Location Description

Manhattan Beach is one of the three Beach Cities that make up the South Bay. Situated conveniently close to LAX, Manhattan Beach is a popular attraction for beach lovers thanks to the ultra-smooth sand volleyball nets and picture perfect water that offers breathtaking views and just the right amount of waves to make it a hot spot for surfing. Downtown Manhattan Beach is the bustling center of the city, loaded with high-end boutiques, retailers, and many popular casual and fine-dining restaurants

APN / Parcel ID

4137-010-005 | 4137-010-006

Zoning

MNCNE

Occupancy %

Vacant

Yes

Construction Type

Wood & Stucco

No. Stories

Year Built

MNCNE

Overall Property Condition

Good

Highlights

Mixed-Use - Residential / Retail

Two Contiguous Parcels

Creative Live/Work Space

Fully Vacant

Manhattan Beach Trophy Location

Sewer

Type of Sewer

Sewer System (Public)

Parking

Parking type

On-street

Off-street

Assigned Parking

# of Covered Parkings

Investment Overview

Type of use

Investor

Neighborhood lifestyle

Lifestyle

Urban Core

More information

MLS URL of this listing to link to your own site or brokerage site

Listing Info

Listing ID: 2358

Sold

For Sale

$3,500,000

Listing Presented by

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230 40th Street . El Porto , CA 90266