4162 Manhattan Beach Blvd - Massive 4-Unit in Lawndale
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4162 Manhattan Beach Blvd - Massive 4-Unit in Lawndale
4 Unit Apartment Building Offered at $1,500,000 at a 2.57% Cap Rate in Lawndale, CA 90260
Investment Highlights
- Large 5,580 SF 4-Unit Apartment Building in Lawndale
- (1) 2-Car Garage Attached to Front Unit, (1) 4-Car Garage w/ Back Alley Access
- Great Location in Lawndale – Manhattan Beach Adjacent and Right Down The Street From Alondra Park Golf Course
- Strong Unit Mix: (1) Spacious 4-Bed/3-Bath Front Unit Townhome Stye Unit w/ Balcony, (3) 2-Bed/1-Bath Units
- Great Upside Potential: 6.51% Market CAP | 10.79 Market GRM
- On-Site Laundry
Executive Summary
4162 Manhattan Beach Blvd is a prime investment and potential owner-user opportunity located in Lawndale. This value-add 4-unit apartment building offers a strong unit mix, including one spacious 4-bedroom, 3-bathroom townhome-style front unit, and three 2-bedroom, 1-bathroom units. The property features a 2-car garage attached to the front unit and a 4-car garage with back alley access.
With significant upside potential, the property delivers an impressive 6.51% market CAP rate and 10.79 market GRM with potential to maximize income through eligible 8.9% rent increases for every unit. Priced at $375,000 per unit and $268 per square foot, it offers exceptional value with room for growth. There is also an appraisal on file in October 2024 for $1.771M.
Conveniently situated near the scenic Alondra Park Golf Course and just minutes from Manhattan Beach, this property’s location adds to its tenant appeal. Don’t miss this opportunity to invest in a high-demand South Bay area with strong long-term potential!
With significant upside potential, the property delivers an impressive 6.51% market CAP rate and 10.79 market GRM with potential to maximize income through eligible 8.9% rent increases for every unit. Priced at $375,000 per unit and $268 per square foot, it offers exceptional value with room for growth. There is also an appraisal on file in October 2024 for $1.771M.
Conveniently situated near the scenic Alondra Park Golf Course and just minutes from Manhattan Beach, this property’s location adds to its tenant appeal. Don’t miss this opportunity to invest in a high-demand South Bay area with strong long-term potential!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,500,000 | Lot Size | 0.12 AC |
| Price Per Unit | $375,000 | Building Size | 5,580 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 2.57% | Year Built | 1985 |
| No. Units | 4 | Opportunity Zone |
Yes
|
| Property Type | Multifamily |
| Price | $1,500,000 |
| Price Per Unit | $375,000 |
| Sale Type | Investment |
| Cap Rate | 2.57% |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.12 AC |
| Building Size | 5,580 SF |
| No. Stories | 2 |
| Year Built | 1985 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3 | 1 | $1,900 | - |
| 2+1 | 1 | $1,375 | - |
| 2+1 | 1 | $1,900 | - |
| 2+1 | 1 | $1,150 | - |
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Walk Score ®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 4074-008-004 | Improvements Assessment | $246,696 (2024) |
| Land Assessment | $295,451 (2024) | Total Assessment | $542,147 (2024) |
PROPERTY TAXES
Parcel Number
4074-008-004
Land Assessment
$295,451 (2024)
Improvements Assessment
$246,696 (2024)
Total Assessment
$542,147 (2024)
zoning
| Zoning Code | LNR3YY |
| LNR3YY |
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4162 Manhattan Beach Blvd - Massive 4-Unit in Lawndale
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