Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1967
Sq.Footage
N/A
Extraordinary opportunity to own a legacy property in prestigious Manhattan Beach. The subject property is a total of 16 spacious apartment units, spread across four contiguous parcels. Located on each parcel is a standalone four-plex, with a two-story, townhome style unit in the front. This unique property, constructed in 1967, is four separate APNs and can be sold separately as (4) four-plexes which would allow 30-year long-term debt financing or sold as a whole package allowing commercial financing. There is an excellent unit mix of (4) 2 bedroom, 2 bath, townhome units and (12) 2 bedroom, 1 bath, single level apartments. The units have attractive open layouts, all with patios. Very well maintained over the years, the property has newer roofs, rain gutters, windows, decks, fencing, and exterior paint. All units are individually metered for gas and electric. There are four laundry rooms, three of which are equipped with (1) washer and (1) dryer. The on-site parking consist of (16) garage spaces, plus uncovered spaces between each building. Family owned since the early 1970's, this is a once in a generation opportunity to purchase a trophy property in Manhattan Beach with significant upside in rents.
Features & Amenities
Interior
Area & Lot
-
Lot Features
Landscaped, Level, Near Public Transit, Paved, Rectangular Lot
-
Lot Size(acres)
0.458
-
Property Type
Residential Income
Exterior
-
Garage
Yes
-
Garage spaces
16
-
Parking
Assigned, Garage, Private
Financial
-
Sales Price
$8,500,000
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Adam Barshay , Smith & Barshay Realty
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