$2,550,000
$2,550,000
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7,466 Sqft Lot
SOLD DATE : 03/20/2025
Key Details
Sold Price $2,550,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW25034625
Sold Date 03/20/25
HOA Y/N No
Year Built 1958
Lot Size 7,466 Sqft
Property Sub-Type Duplex
Property Description
Presenting this exceptional duplex located on a rare and highly desirable corner lot in East Manhattan Beach, just over a mile from the beach. This property offers tremendous long-term income potential and exciting development possibilities. Featuring two updated and turnkey 3-bedroom, 2-bathroom units, it also includes a detached 2-car garage with Sunroom, a spacious driveway that can accommodate up to 3 additional vehicles, with spacious lot to potentially add ADU and JADU. With 2,600 sq. ft. of living space on a nearly 7,500 sq. ft. lot, this property presents a solid investment opportunity with projected annual income of $115,000 and a 4.1% cap rate. Nestled in a prime, sought-after neighborhood, residents will enjoy proximity to top-rated schools such as Meadows Avenue Elementary, Manhattan Beach Middle School, and the popular Polliwog Park—all just a short walk away. This property is an excellent opportunity for investors looking to leverage the strong rental market, potential for value-added development, and the long-term appreciation prospects of the Manhattan Beach Market.
Location
State CA
County Los Angeles
Area 146 - Manhattan Bch Heights/Lib Vlg
Zoning MNRM
Interior
Heating Central
Cooling None
Fireplaces Type None
Fireplace No
Laundry Laundry Closet
Exterior
Parking Features Off Street, Tandem, Uncovered
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Suburban
View Y/N Yes
View City Lights
Total Parking Spaces 6
Private Pool No
Building
Lot Description Corner Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4166008020
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Trust
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Bought with Patrick Sweeney • The CREM Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "