Manhattan Beach, CA 90266,1400 15th Street
Manhattan Beach, CA 90266,1400 15th Street
Manhattan Beach, CA 90266,1400 15th Street
Manhattan Beach, CA 90266,1400 15th Street
Manhattan Beach, CA 90266,1400 15th Street
Manhattan Beach, CA 90266,1400 15th Street
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$2,550,000

$2,550,000

Est.Price: ?

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Est. payment /mo

3 Beds


SOLD DATE : 03/20/2025

Key Details

Sold Price $2,550,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW25034625

Sold Date 03/20/25

Bedrooms 3

Property Sub-Type Res Income 2-4 Units

Property Description

Presenting this exceptional duplex located on a rare and highly desirable corner lot in East Manhattan Beach, just over a mile from the beach. This property offers tremendous long-term income potential and exciting development possibilities. Featuring two updated and turnkey 3-bedroom, 2-bathroom units, it also includes a detached 2-car garage with Sunroom, a spacious driveway that can accommodate up to 3 additional vehicles, with spacious lot to potentially add ADU and JADU. With 2,600 sq. ft. of living space on a nearly 7,500 sq. ft. lot, this property presents a solid investment opportunity with projected annual income of $115,000 and a 4.1% cap rate. Nestled in a prime, sought-after neighborhood, residents will enjoy proximity to top-rated schools such as Meadows Avenue Elementary, Manhattan Beach Middle School, and the popular Polliwog Parkall just a short walk away. This property is an excellent opportunity for investors looking to leverage the strong rental market, potential for value-added development, and the long-term appreciation prospects of the Manhattan Beach Market.

Location

State CA

County Los Angeles

Zoning Assessor

Direction West on Manhattan Beach Blvd > North on N Rowell Ave

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

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MLS Router / San Diego MLS
Listed by Patrick Sweeney The CREM Group
Bought with Patrick Sweeney The CREM Group
Gary Bradley

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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