Sold

1220 Manhattan Avenue

Manhattan Beach CA, 90266

$6,060,000


$1,262.50 per sqft

Sold

4,800 sqft

Condo

Built in 1955

Listed by Daniel O'Connor with Pacifica Properties Group, Inc. 310-374-0303

Generational investment opportunity one block north of the Pier in the Manhattan Beach sand section. The first time available in over 20 years, this irreplaceable walk-street apartment building consists of 6 large one bedroom, one bathroom units (approx. 800 SF each) along with 6 garages. With rents approximately 30% below market, this opportunity will not only provide an investor with upside in rents, but also a great hedge against inflation in this excellent rental market, which consistently enjoys low vacancy and turnover rates. This pride of ownership Property has been well maintained and includes a common area outdoor patio. Set on a highly desirable walk street lot in a prime section of Manhattan Beach, it is located only two blocks from The Strand and one block from Downtown dining and shopping. This is truly an extraordinarily unique asset in a highly attractive area offering an investor long term stable income, as well as the opportunity to add additional value via a thoughtful upgrade of the Property.

SB22146156

MLS ID

July 6, 2022

Listed

February 10, 2024

Updated

Map

1220 Manhattan Avenue
Manhattan Beach CA, 90266

Interior Features

Total Stories

2


Interior Features

Beamed Ceilings, Built-in Features, Ceiling Fan(s), High Ceilings, Open Floorplan, Tile Counters, Galley Kitchen


Appliances

Dishwasher, Exhaust Fan, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood


Laundry Description

None


Floor Description

Laminate, Tile


Fireplace

Yes


Fireplace Description

None


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.08 Acres


Exterior Features

Awning(s)


Lot Features

Front Yard, Gentle Sloping, Rectangular Lot, Sloped Up, Walkstreet


Architectual Style

Mid-Century Modern


Sewer

Public Sewer

Other Property Details

Area Name

142 - Manhattan Bch Sand


Days on Market

9


Garage

Yes


Garage Spaces

6


Parking

Assigned, Garage Faces Front, On Site, Garage Faces Rear, Storage


Parking Total

6


View

Yes


View Description

Bay, Catalina, Neighborhood, Ocean


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

MNRH


Buyer Agency Compensation

2.5%

Listing Contact: 310-374-0303 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/10/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/10/2024 at 7:10 AM UTC

 

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