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$2,772,500
$2,850,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
SOLD DATE : 01/07/2025
Key Details
Sold Price $2,772,500
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW24210819
Sold Date 01/07/25
Bedrooms 8
Property Sub-Type Res Income 2-4 Units
Property Description
Discover this charming 4-unit apartment building located in East Manhattan Beach. Situated near Polliwog Park, this property offers a mix of (1) 2-bed/2-bath townhome style unit and (3) 2-bed/1-bath units, and most of the major systems were updated several years ago. There is also 2 2-Car Garages for a total of 4 garage spaces. Priced attractively at $712,500 per unit and $722.98 per square foot, the property provides a solid income opportunity with a 4.42% CAP rate. Located in a prime, sought-after neighborhood, this is an excellent investment for those looking to capitalize on the strong rental market and long-term appreciation potential in Manhattan Beach.
Location
State CA
County Los Angeles
Zoning Assessor
Direction 1 Parcel from Manhattan Beach Blvd and N Rowell Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 4166010021
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Bought with Robert Sillman Lyon Stahl Investment Real Estate, Inc.
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