1256 MANHATTAN BEACH BLVD., MANHATTAN BEACH CA 90266

  • 3,692 sq.ft.
  • 5,025 sq.ft. lot
offered at $2,750,000
MLS#:SB22159614
Status: Active // Property Type:
County: Los Angeles // Year Built: 1960

Property Description

This well-maintained pride of ownership 4-plex is located in the highly desirable coastal community of Manhattan Beach. This spacious apartment building contains a lower-level unit of 3-bedrooms and 2-bathrooms, with single family home-like features including a laundry room and could very comfortably serve as a residence for the new owner/investor. The second story consists of three generously sized 1-bedroom, 1-bath units which have access to an on-site coin-operated laundry facility in the garage. Recent updates to the Property include some interior remodel work, exterior paint, newer roof with rain gutters, redone asphalt and decking. The on-site parking consists of four garages, plus four additional off-street parking spaces allowing for each unit to get its own garage space and parking spot. With below market rents, this opportunity will not only provide an investor with upside in rents, but also a great hedge against inflation in this excellent rental market. This property has not been available for purchase in 25 years and over that period has enjoyed low vacancy and turnover rates. In addition to potentially functioning as the primary residence for the new owner/investor, long-term fixed-rate 30-year financing is available to the new owner of this Property.

Listing Courtesy of Adam Barshay, Barshay Real Estate, Inc.

Interior Features

Interior Features: Balcony, Ceiling Fan(s) // Heating: Forced Air, Wall Furnace

Exterior Features

Exterior Features: Sidewalks // Roof: Composition, Shingle
FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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