$2,550,000
$2,550,000
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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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Bought with Patrick Sweeney The CREM Group

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