119 40th Street

Manhattan Beach , CA 90266

MLS#: PW24094744

$2,150,000

Status: Closed
Listing number: PW24094744
Listing provided by: Lyon Stahl Investment Real Est
Listing agent phone: None
Last update: 1 year, 5 months ago
On site: 1 year, 6 months ago
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Property

Beds

4

Full Baths

2

1/2 Baths

None

Year Built

1988

Sq.Footage

1,552

119 40th Street presents a rare opportunity in the Sand Section, less than a block from the beach. This duplex offers (2) 2-Bed/1-Bath units, each showcasing stunning ocean views from living rooms and balconies. The property also features a spacious (4) car garage w/ storage compartments + (2) driveway spots, plus the convenience of on-site laundry. Currently at 1.96% CAP with a 4.42% Market CAP, this property promises potential appreciation and rental upside with interior remodel. Short Term Rental Permits are also available for this property. According to Air DNA, the #1 platform for STR Data, The short- term yearly rental income is $196.5K. With its location, configuration, and upside - 119 40th St is an ideal asset for any Beach Cities investor or owner-user.

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    2

  • Cooling YN

    YES

  • Cooling

    N/A

  • Fireplace YN

    NO

  • Main Level Bedrooms

    4

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    4

  • Parking

    Attached

  • Pool

    Yes

  • Pool Features

    None

  • View

    Ocean

Area & Lot

  • Lot Size(acres)

    0.0311

  • Property Type

    Residential

  • Property Sub Type

    Duplex

Price

  • Sales Price

    $2,150,000

  • Sq. Footage

    1, 552

  • Price/SqFt

    $1,385

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

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Location

County

Los Angeles

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Listing Courtesy of Woody Stahl , Lyon Stahl Investment Real Est

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119 40th Street presents a rare opportunity in the Sand Section, less than a block from the beach. This duplex offers (2) 2-Bed/1-Bath units, each showcasing stunning ocean views from living rooms and balconies. The property also features a spacious (4) car garage w/ storage compartments + (2) driveway spots, plus the convenience of on-site laundry. Currently at 1.96% CAP with a 4.42% Market CAP, this property promises potential appreciation and rental upside with interior remodel. Short Term Rental Permits are also available for this property. According to Air DNA, the #1 platform for STR Data, The short- term yearly rental income is $196.5K. With its location, configuration, and upside - 119 40th St is an ideal asset for any Beach Cities investor or owner-user.

119 40th Street

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