1345 Manhattan Beach Blvd
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1345 Manhattan Beach Blvd
4 Unit Apartment Building $2,850,000 ($712,500/Unit) 4.40% Cap Rate Manhattan Beach, CA 90266
Investment Highlights
- 4-Unit Apartment Building in East Manhattan Beach
- Front 2-Bed/2-Bath is Spacious Townhome Style Unit Delivered Vacant at COE
- Fully Remodeled in 2017
- (1) 2-Bed/2-Bath, (3) 2-Bed/1-Bath Units
- 4.4% CAP | $712,500/Unit | $722.98/SF
- Located in a Great Pocket of Manhattan Beach – Just down the Street from Polliwog Park, Close Distance to Mira Costa, MBMS, & Meadows Elementary
Executive Summary
Discover this charming 4-unit apartment building located in East Manhattan Beach. Situated near Polliwog Park, this property offers a mix of (1) 2-bed/2-bath townhome style unit and (3) 2-bed/1-bath units, and most of the major systems were updated several years ago. There is also 2 2-Car Garages for a total of 4 garage spaces plus one uncovered space. Priced attractively at $712,500 per unit and $722.98 per square foot, the property provides a solid income opportunity with a 4.4% CAP rate. Located in a sought-after neighborhood, this is an excellent investment for those looking to capitalize on the strong rental market and long-term appreciation potential in Manhattan Beach. It is also a great opportunity for an owner-user with the front townhome-style unit to be delivered vacant.
Property Facts Under Contract
| Price | $2,850,000 | Property Subtype | Apartment |
| Price Per Unit | $712,500 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 4.40% | Lot Size | 0.11 AC |
| Gross Rent Multiplier | 15.79 | Building Size | 3,942 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1967 |
| Price | $2,850,000 |
| Price Per Unit | $712,500 |
| Sale Type | Investment |
| Cap Rate | 4.40% |
| Gross Rent Multiplier | 15.79 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 3,942 SF |
| No. Stories | 2 |
| Year Built | 1967 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $3,995 | - |
| 2+1 | 3 | $3,550 | - |
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Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 4166-010-025 | Improvements Assessment | $915,321 |
| Land Assessment | $1,221,525 | Total Assessment | $2,136,846 |
PROPERTY TAXES
Parcel Number
4166-010-025
Land Assessment
$1,221,525
Improvements Assessment
$915,321
Total Assessment
$2,136,846
zoning
| Zoning Code | MNRH |
| MNRH |
-
Woody Stahl -
Brett Lyon -
Lyon Stahl Investment Real Estate, Inc.
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1345 Manhattan Beach Blvd
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