$2,400,000
1220 Manhattan Beach BLVD Manhattan Beach, CA 90266
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$2,400,000
Est. payment /mo
5,057 Sqft Lot
Active Under Contract
1220 Manhattan Beach BLVD Manhattan Beach, CA 90266
UPDATED:
11/15/2024 03:48 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID SB24119431
HOA Y/N No
Year Built 1957
Lot Size 5,057 Sqft
Property Description
FIRST TIME ON THE MARKET FOR SALE IN OVER 40 YEARS!!
Centrally located in the heart of Manhattan Beach, this property benefits from proximity to major employment centers, transportation hubs, and recreational amenities. The area boasts a strong rental market with historically low vacancy rates, making this a prime asset with a compelling blend of stability and growth potential.
The single-story building offers a variety of units, including a luxurious 2-bed, 2-bath unit with a den and high-end finishes, featuring a private yard that can serve as an owner's unit. Additionally, there is a 2-bed, 1-bath unit with its own private yard and two 1-bed, 1-bath units. All units are equipped with in-unit laundry facilities, providing modern convenience for tenants. The property is separately metered for gas and electricity, ensuring efficiency and control over utilities. With four one-car garages, this property caters to the parking needs of its residents.
1220 Manhattan Beach Blvd is more than just an investment; it's a chance to become part of a thriving community and leverage the dynamic lifestyle that this location offers. Positioned strategically, this property lets you take advantage of the constant demand for housing fueled by nearby employment centers, all while enjoying the luxurious coastal living that makes Manhattan Beach highly desirable. Investors will appreciate the property's steady rental income, potential for appreciation in value, and the long-term stability of this robust and resilient market. Seize the opportunity to be a part of the Manhattan Beach real estate success story and reap the numerous benefits it can add to your investment portfolio.
Centrally located in the heart of Manhattan Beach, this property benefits from proximity to major employment centers, transportation hubs, and recreational amenities. The area boasts a strong rental market with historically low vacancy rates, making this a prime asset with a compelling blend of stability and growth potential.
The single-story building offers a variety of units, including a luxurious 2-bed, 2-bath unit with a den and high-end finishes, featuring a private yard that can serve as an owner's unit. Additionally, there is a 2-bed, 1-bath unit with its own private yard and two 1-bed, 1-bath units. All units are equipped with in-unit laundry facilities, providing modern convenience for tenants. The property is separately metered for gas and electricity, ensuring efficiency and control over utilities. With four one-car garages, this property caters to the parking needs of its residents.
1220 Manhattan Beach Blvd is more than just an investment; it's a chance to become part of a thriving community and leverage the dynamic lifestyle that this location offers. Positioned strategically, this property lets you take advantage of the constant demand for housing fueled by nearby employment centers, all while enjoying the luxurious coastal living that makes Manhattan Beach highly desirable. Investors will appreciate the property's steady rental income, potential for appreciation in value, and the long-term stability of this robust and resilient market. Seize the opportunity to be a part of the Manhattan Beach real estate success story and reap the numerous benefits it can add to your investment portfolio.
Location
State CA
County Los Angeles
Area 147 - Manhattan Bch Mira Costa
Zoning MNRH
Interior
Fireplace No
Laundry Inside
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Gutter(s)
Total Parking Spaces 4
Private Pool No
Building
Lot Description Rectangular Lot
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4167015008
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
Lease Land No
Listed by Christopher Van Vuuren • Lyon Stahl Investment Real Estate, Inc. • 714-655-0098
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