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