1345 Manhattan Beach BlvdManhattan Beach, CA 90266

This exceptional 4-unit apartment building presents a compelling investment opportunity in the desirable East Manhattan Beach neighborhood. The property, built in 1967 and situated at 1345 Manhattan Beach Blvd, 90266, boasts a total of 3,942 square feet across one two-story building. The unit mix includes one spacious 2-bedroom, 2-bathroom townhome-style unit and three 2-bedroom, 1-bathroom units. Most major systems underwent updates several years ago. Parking is ample, with two 2-car garages providing a total of four covered spaces, plus one uncovered space. The property is zoned MNRH. Currently generating a Net Operating Income (NOI) of $125,307, it offers a solid 4.4% capitalization rate. Priced at $2,850,000 ($712,500 per unit and $722.98 per square foot), this property offers significant potential for both income generation and long-term appreciation. Its prime location near Polliwog Park, Mira Costa High School, Manhattan Beach Middle School, and Meadows Elementary School adds to its appeal. The front townhome-style unit will be delivered vacant at the close of escrow, presenting an attractive option for an owner-user. This is a rare opportunity to acquire a well-maintained multifamily property in a highly sought-after area of Manhattan Beach, California.