Marcus & Millichap is proud to present to market 1250 Manhattan Beach Boulevard, a four-unit apartment building in Manhattan Beach, California. This offering presents an excellent opportunity to acquire a well-located asset with steady cash flow and rental upside in a sought-after coastal market.
1250 Manhattan Beach Boulevard is a two-story 1960 construction with three one-bed/one-bath units and one three-bed/two-bath unit. The units are separately metered for gas and electricity. The property also offers two two-car garages.
Two of the units, including the three-bedroom, will be vacant as of December 10, 2019, offering a new investor to renovate the units and lease them up at market rates.
The property receives great exposure along Manhattan Beach Boulevard and is well-located one block from Meadows Avenue Elementary School, a short-five minute walk from Target, and a few blocks from Polliwog Park and Manhattan Beach Middle School. The Manhattan Beach Pier is just over a mile away. This area is a sought-after affluent coastal market with a strong tenant base and very low vacancy rates.
