14
See all 14 photos
$1,500,000
Est. payment /mo
5,048 Sqft Lot
New
4162 Manhattan Beach BLVD Lawndale, CA 90260
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UPDATED:
12/18/2024 01:05 AM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24246777
HOA Y/N No
Year Built 1985
Lot Size 5,048 Sqft
Property Description
4162 Manhattan Beach Blvd is a prime investment and potential owner-user opportunity located in Lawndale. This value-add 4-unit apartment building offers a strong unit mix, including one spacious 4-bedroom, 3-bathroom townhome-style front unit, and three 2-bedroom, 1-bathroom units. The property features a 2-car garage attached to the front unit and a 4-car garage with back alley access.
With significant upside potential, the property delivers an impressive 6.51% market CAP rate and 10.79 market GRM with potential to maximize income through eligible 8.9% rent increases for every unit. Priced at $375,000 per unit and $268 per square foot, it offers exceptional value with room for growth. There is also an appraisal on file in October 2024 for $1.771M.
Conveniently situated near the scenic Alondra Park Golf Course and just minutes from Manhattan Beach, this property's location adds to its tenant appeal. Don't miss this opportunity to invest in a high-demand South Bay area with strong long-term potential!
With significant upside potential, the property delivers an impressive 6.51% market CAP rate and 10.79 market GRM with potential to maximize income through eligible 8.9% rent increases for every unit. Priced at $375,000 per unit and $268 per square foot, it offers exceptional value with room for growth. There is also an appraisal on file in October 2024 for $1.771M.
Conveniently situated near the scenic Alondra Park Golf Course and just minutes from Manhattan Beach, this property's location adds to its tenant appeal. Don't miss this opportunity to invest in a high-demand South Bay area with strong long-term potential!
Location
State CA
County Los Angeles
Area 113 - South Lawndale
Zoning LNR3YY
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Garage
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Biking
Total Parking Spaces 6
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4074008004
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Lease Land No
Listed by Woody Stahl • Lyon Stahl Investment Real Est • broker@lyonstahl.com
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