1220 Manhattan Avenue
Manhattan Beach, CA 90266
- – beds
- – baths
- – sqft
- 3,323 sqft lot
- 1955 build
- – on site
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Generational investment opportunity one block north of the Pier in the Manhattan Beach sand section. The first time available in over 20 years, this irreplaceable walk-street apartment building consists of 6 large one bedroom, one bathroom units (approx. 800 SF each) along with 6 garages. With rents approximately 30% 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 and includes a common area outdoor patio. Set on a highly desirable walk street lot in a prime section of Manhattan Beach, it is located only two blocks from The Strand and one block 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.
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Last updated Aug 16, 2023
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MLS# SB22146156 —
The Building
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Year Built:1955
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:4800.00
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Building Area Units:Square Feet
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Total Number Of Units:6
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# of Buildings:1
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Architectural Style:Mid Century Modern
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Exterior Features:Awning(s)
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Stories Total:2
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Entry Level:2
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Common Walls:1 Common Wall
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Faces:North
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# of Separate Gas Meters:6
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# of Separate Water Meters:1
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# of Separate Electric Meters:6
Interior
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Features:Beamed Ceilings, Built-in Features, Ceiling Fan(s), High Ceilings, Open Floorplan, Tile Counters
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Levels:Multi/Split
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Entry Location:2
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Flooring:Laminate, Tile
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Room Type:Galley Kitchen, Kitchen, Living Room
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Fireplace:No
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Fireplace:None
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Laundry:None
Location
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Directions:Two blocks North of Manhattan Beach Blvd
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Latitude:33.88601400
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Longitude:-118.41110800
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Property Condition:Repairs Cosmetic, Turnkey
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Zoning:MNRH
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Lot Features:Front Yard, Gentle Sloping, Rectangular Lot, Up Slope from Street, Walkstreet
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Lot Size Area:3323.0000
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Lot Size Acres:0.0763
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Lot Size SqFt:3323.00
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Lot Size Source:Assessor
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View:1
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View:Bay, Catalina, Neighborhood, Ocean
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Road Frontage:City Street
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:65
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Tax Census Tract:6203.05
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Tax Tract:024
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Tax Lot:1
The Listing
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Special Listing Conditions:Trust
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Parcel Number:4179024001
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:No
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Cooling:None
Utilities
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Utilities:Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Range Hood, Recirculated Exhaust Fan, Refrigerator
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Included:Yes
The Community
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Features:Biking, Curbs, Sidewalks
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:Yes
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Assessments:Unknown
Parking
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Parking:Yes
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Parking:Assigned, Built-In Storage, Garage Faces Front, Garage Faces Rear, On Site
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Parking Spaces:6.00
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Garage Spaces:6.00
Extra Units
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Average 1 Bed Area:800
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Number With Drapes:6
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Number With Disposal:6
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Number With Dishwasher:6
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Number With Refrigerator:6
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
8/9/22
Aug 9, 2022
|
Sold | CRMLS_CA | $6,060,000 | 21.2% |
7/17/22
Jul 17, 2022
|
Pending | CRMLS_CA | $4,999,000 | |
7/6/22
Jul 6, 2022
|
Listed / Active | CRMLS_CA | $4,999,000 |