$3,900,000
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4 Beds
4 Baths
2,628 SqFt
SOLD DATE : 02/06/2025
Key Details
Sold Price $3,900,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,628 sqft
Price per Sqft $1,484
MLS Listing ID CRSB25003599
Bedrooms 4
Full Baths 4
Year Built 1959
Lot Size 4,192 Sqft
Property Sub-Type Fourplex
Property Description
Priced to sell, this property is being listed 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 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 endless opportunities. Live in one unit and rent the others. Three brand new and presold condos are completing construction in 2025. 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.
Location
State CA
County Los Angeles
Area 142 - Manhattan Bch Sand
Zoning MNRH
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Laundry In Garage, Washer, Dryer
Exterior
Parking Features Assigned Spaces, Garage, Uncovered Parking
Garage Spaces 4.0
Pool None
View Ocean
Building
Water District - Public
Others
Special Listing Condition Not Applicable
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Bought with Akash Rohera
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