UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25197916
HOA Y/N No
Year Built 1955
Lot Size 4,900 Sqft
Property Sub-Type Apartment
Property Description
The property 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).
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 investors and owner-users alike.
Location
State CA
County Los Angeles
Area 147 - Manhattan Bch Mira Costa
Zoning MNRH
Interior
Heating See Remarks
Cooling See Remarks
Fireplace No
Laundry Common Area, Inside
Exterior
Parking Features Assigned
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking, Dog Park, Golf, Park, Sidewalks
View Y/N Yes
View City Lights, Mountain(s)
Roof Type Flat
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Faces North
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4167001044
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."
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