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Listed by Patrick Sweeney • The CREM Group
$ 2,550,000
Est. payment | /mo
2,600 SqFt
$ 2,550,000
Est. payment | /mo
2,600 SqFt
OPEN HOUSE
Fri Feb 21, 12:00pm - 2:00pm
Sat Feb 22, 1:00pm - 4:00pm
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
HOA Y/N No
Originating Board Datashare California Regional
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
Interior
Heating Central
Cooling No Air Conditioning
Fireplace No
Laundry Laundry Closet
Exterior
View City Lights
Building
Lot Description Corner Lot
Water Public
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Adam Shoop
Broker Associate at Exp Realty | Lic# 1782227