1220 Manhattan Beach Boulevard

Manhattan Beach, CA 90266

PRICE REDUCED

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-$150,000 (-5.88%)

$2,400,000

List Price

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1957

calendar_month Built

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.

Listing Information

List Price $2,400,000
Status Active
MLS SB24119431
Type Residential Income
Subtype Apartment
Year Built 1957
Lot Size 5,057
Structure Size N/A
DOM 141
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
Listing Agent Christopher Van Vuuren DRE#02060007
Co-Listing Agent Sergey Evangelista DRE#02043828

Interior Features

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Location(s) Inside
Total Bedroom
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Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Christopher Van Vuuren, Sergey Evangelista, Lyon Stahl Investment Real Estate, Inc. 424-220-8960. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 1st, 2024 at 4:29 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.