Value-Add Apartment
1150 Tennyson St Manhattan Beach, CA 90266
1150 Tennyson St, Manhattan Beach, CA, 90266
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For Sale
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38-unit apartment building built in 1963, featuring a mix of one-, two-, and three-bedroom apartments.
Property Size31,322 SF
Price / SF$510.82
Days on Market115
Property Features for 1150 Tennyson St
General Information
- Standard status
- Active
- Size
- 31,322 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1963
Listing agency
Lee & Associates Los Angeles - Investment Services Group, Inc
(213) 220-9800
Listed by
Mark Konopaske · License #CA 00960857
Source
Crexi
Added: Mar 29 Updated: Jul 20 at 8:54PM Checked: Jul 20 at 8:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates Los Angeles - Investment Services Group, Inc
Investment Insights
Based on property information with market context.
The Windsor House Apartments is a 38-unit apartment building constructed in 1963. The property offers an apartment mix of 3 three-bedroom/two-bath units (approximately 1,100 square feet each), 17 two-bedroom units with 1 to 1.5 baths (approximately 925 square feet each), and 18 one-bedroom/one-bath units (approximately 675 square feet each).
Located at 1150 Tennyson St in Manhattan Beach, California, the community is described as having beach and ocean access along with convenient connectivity to Los Angeles, including proximity to LAX and freeway access roughly 20 miles from downtown LA.
Located at 1150 Tennyson St in Manhattan Beach, California, the community is described as having beach and ocean access along with convenient connectivity to Los Angeles, including proximity to LAX and freeway access roughly 20 miles from downtown LA.
Key Highlights
- 38‑unit apartment building built in 1963 in Manhattan Beach, CA
- Unit mix includes 3 three‑bedroom/two‑bath units (approx. 1,100 SF)
- Includes 17 two‑bedroom units with 1 to 1.5 baths (approx. 925 SF)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $996.0k | $31.80 |
| − Vacancy | −$79.7k | −$2.54 |
| EGI | $916.4k | $29.26 |
| − OpEx | −$412.4k | −$13.17 |
| NOI | $504.0k | $16.09 |
31,322 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$7.20M
$6.30M – $8.40M
NOI $503,996 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.77M
$14.67M – $19.56M
NOI $1,173,877 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fallon
Clothing Store
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FAQs
What type of property is this?
Apartment building - 38-unit apartment building built in 1963, featuring a mix of one-, two-, and three-bedroom apartments.
Where is this apartment building located?
The property is located at 1150 Tennyson St Manhattan Beach, CA.
What is the asking price?
The asking price for this property is $16,000,000.
What are key features of this property?
This property features: 38‑unit apartment building built in 1963 in Manhattan Beach, CA; Unit mix includes 3 three‑bedroom/two‑bath units (approx. 1,100 SF); Includes 17 two‑bedroom units with 1 to 1.5 baths (approx. 925 SF)
