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Now being sold for lot value! Exceptional 4-unit apartment building just steps away from downtown and the iconic Manhattan Beach Pier. Nestled only 8 parcels away from the renowned beachfront, this property offers unparalleled convenience and coastal living. Two upper units boast captivating ocean views from their decks, while the lower units feature enclosed patios doubling as a second bedroom. Situated on an oversized 4,190 square foot sand section lot, extending from street to alley, this property presents effortless development opportunities. Three brand new and presold condos are being developed next door. Endless possibilities for value enhancement include remodeling and re-leasing, short-term rentals, owner occupancy with rental income, condominium conversion or tenancy in common (TIC), or redevelopment for a new project. Ample on-site parking with 10 spaces available, rare for a property in this location. Embrace the promise of capital appreciation in this sought-after beachfront locale. Indulge in the vibrant offerings of downtown Manhattan Beach, from shopping to fine dining, or unwind with a leisurely stroll along the nearby sunset-lit strand. This unique opportunity will elevate your investment portfolio.
Property Type(s):
Multi Family
| Last Updated | 8/19/2024 | Year Built | 1959 |
|---|---|---|---|
| Community | Manhattan Bch Sand | Garage Spaces | 4.0 |
| County | Los Angeles |
SCHOOLS
| School District | Manhattan Unified |
|---|
Price History
| Prior to Jun 3, '24 | $4,599,000 |
|---|---|
| Jun 3, '24 - Jul 15, '24 | $4,499,000 |
| Jul 15, '24 - Aug 19, '24 | $4,399,000 |
| Aug 19, '24 - Today | $4,299,000 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Dryer, Washer |
| AREA | Manhattan Bch Sand |
| GARAGE | Assigned, Garage, Uncovered, Yes |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Down, All Bedrooms Up |
| LOT | 4192 sq ft |
| LOT DESCRIPTION | Rectangular Lot |
| PARKING | Assigned,Garage,Uncovered |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| VIEW | Yes |
| VIEW DESCRIPTION | Ocean |
| WATER | Public |
| ZONING | MNRH |
Location
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Listed with Rohera Capital
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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