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Listed by Robert Sillman • Lyon Stahl Investment Real Estate, Inc.
$2,550,000
Est. payment /mo
4,902 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRSB25197916
Year Built 1955
Lot Size 4,902 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
$100,000 Price Improvement + 4.63% CAP Rate + Newly Vacant & Renovated 1-Bed Unit! 1436 Manhattan Beach Blvd offers a desirable unit mix of (2) 1-bed/1-bath, (1) 2-bed/1-bath, and (1) 3-bed/2-bath. Select units have been updated with new flooring, fresh paint, stainless steel appliances, and in-unit washer/dryers. The building itself was recently painted and designed for low maintenance, with ownership responsible only for water, sewer, and trash while tenants cover all remaining utilities. Additional highlights include (4) single-car garages, owned laundry machines, and mostly copper plumbing. A brand-new electrical system has already been paid for and is pending installation. The spacious 3-bedroom unit features a large private patio, making it an excellent option for an owner-user. The building is subject to AB 1482 statewide rent control, which currently allows annual increases of up to 8% (5% + CPI). 3 units are eligible for a rent increase now. Centrally located near award-winning schools, Target, Polliwog Park, Downtown Manhattan Beach, and the Pier, this property combines strong rental potential with an unbeatable coastal location. With steady tenant demand and limited multifamily supply in Manhattan Beach, the asset offers long-term stability and growth for b
Location
State CA
County Los Angeles
Area 147 - Manhattan Bch Mira Costa
Interior
Heating Other
Cooling Other
Laundry Laundry Area, Other
Exterior
Parking Features Assigned Spaces
Garage Spaces 4.0
Pool 31, None
View Hills, City Lights
Roof Type Flat / Low Pitch
Building
Water District - Public
Others
Tax ID 4167001044
Special Listing Condition Not Applicable
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