1345 Manhattan Beach Blvd Manhattan Beach, CA 90266
- Commercial real estate
- 3,942 SF
Current Use by Public Records
- Commercial real estate
Property Details for 1345 Manhattan Beach Blvd
- Year built
- 1967
- Property size
- 3,942 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Manhattan Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.3901696
- Latitude
- 33.8875885
