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1320 Manhattan Avenue

Manhattan Beach, CA 90266

– beds
– baths
– sqft
3,332 sqft lot
1913 build
– on site

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This generational investment opportunity is two blocks north of the Pier in the Manhattan Beach sand section. This unique tri-plex consists of a standalone 3-bedroom, 1-bathroom front unit and two 2-bedroom, 1-bathroom units, along with three covered carports with additional storage. With rents approximately 20% 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. Set in a highly desirable section of Manhattan Beach, it is located only two blocks from The Strand and two blocks 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. This asset allows the possibility of long-term 30-year financing. Buyer to verify the possible opportunity to develop 3 townhomes.

Listed By CRMLS_CA / Daniel O'Connor / Pacifica Properties Group, Inc.

Last checked: Checking… • Last updated Dec 7, 2024 •

MLS# SB22155270 —

The Building

Year Built:

1913
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

2980.00
Building Area Units:

Square Feet
Total Number Of Units:

3
# of Buildings:

2
Architectural Style:

Bungalow
Stories Total:

2
Entry Level:

1
Number With Patio:

2
Common Walls:

1 Common Wall
# of Separate Gas Meters:

3
# of Separate Electric Meters:

3

Interior

Features:

Balcony, Beamed Ceilings, Built-in Features, Ceiling Fan(s), Living Room Balcony, Open Floorplan, Recessed Lighting, Stone Counters, Tile Counters
Levels:

Two
Entry Location:

1
Flooring:

Tile, Vinyl
Room Type:

Bonus Room, Galley Kitchen, Kitchen, Living Room
Fireplace:

No
Fireplace:

None
Laundry:

Gas & Electric Dryer Hookup, In Closet, Stackable, Washer Hookup
Laundry:

1

Location

Directions:

Two blocks North of Manhattan Beach Blvd
Latitude:

33.88663700
Longitude:

-118.41145400

The Property

Property Type:

Residential Income
Subtype:

Triplex
Property Condition:

Turnkey
Zoning:

MNRH
Lot Features:

Corner Lot, Sloped Down, Rectangular Lot
Lot Size Area:

3332.0000
Lot Size Acres:

0.0765
Lot Size SqFt:

3332.00
Lot Size Source:

Assessor
View:

1
View:

Ocean
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

6203.05
Tax Tract:

6174
Tax Lot:

38

The Listing

Special Listing Conditions:

Standard
Parcel Number:

4179025005

Heating & Cooling

Heating:

1
Heating:

Natural Gas, Wall Furnace
Cooling:

No
Cooling:

None

Utilities

Utilities:

Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Dishwasher, Gas Range, Range Hood, Refrigerator, Water Heater
Included:

Yes

The Community

Features:

Sidewalks
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

Yes
Parking:

Assigned, Attached Carport, Covered, Side by Side
Parking Spaces:

3.00
Carport Spaces:

3.00

Extra Units

Average 2 Bed Area:

840
Average 3 Bed Area:

1316
Number With Drapes:

3
Number With Refrigerator:

3

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Sale history

Date	Event	Source	Price	% Change
9/9/22 Sep 9, 2022	Sold	CRMLS_CA	$4,475,000	4.1%
8/2/22 Aug 2, 2022	Pending	CRMLS_CA	$4,299,000
7/19/22 Jul 19, 2022	Listed / Active	CRMLS_CA	$4,299,000

Multifamily Sold on 9/9/2022

$4,475,000

Listing provided by broker:

Daniel O'Connor

Pacifica Properties Group, Inc.

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Listing Courtesy of: CRMLS_CA and Pacifica Properties Group, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 06:14 on Mar 15.

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.

1320 Manhattan Avenue

Manhattan Beach, CA 90266