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$2,550,000
Est. payment /mo
3 Beds
2,600 SqFt
OPEN HOUSE
Sat Feb 22, 1:00pm - 4:00pm
UPDATED:
02/22/2025 02:19 AM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $980
MLS Listing ID CRPW25034625
Bedrooms 3
HOA Y/N No
Year Built 1958
Lot Size 7,466 Sqft
Acres 0.17
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
Zoning MNRM
Interior
Heating Central
Cooling No Air Conditioning
Fireplace No
Laundry Laundry Closet
Exterior
View Y/N true
View City Lights
Total Parking Spaces 6
Building
Lot Description Corner Lot
New Construction No
Others
Tax ID 4166008020
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Listed by Patrick Sweeney • The CREM Group
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122