Thank you
Shawn Dugan
Strand Hill Properties
310-545-0707
Located just 4 homes to "The Strand”… Prime Ocean View Income Opportunity on a Full 30’ x 90’ Lot. These four bright and spacious units rent easily due to the close proximity to the beach, the surf, and North End restaurants, retail and cafes. 3 units with 2 bedrooms and 1 bathroom each, plus a 4th unit with 1 bedroom and 1 bathroom. Each unit includes 1 garage space, 1 tandem driveway space (8 cars total), and separate electric and gas meters. The building currently generates $13,230/mo in combined income ($158,760 yearly), with big upside. Short term rental income could provide $31,576 monthly income ($378,918 yearly), yielding a 5.23% CAP rate. Inquire for comps & income schedule. Properties with this many units and such close proximity to the beach are rarely available at a price like this.
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Unit No | Unit Key | Total Bath | Total Bed | Full Bath | Half Bath |
---|---|---|---|---|---|
1 | 1064812578 | 1 | 1 | 1 | 0 |
2 | 1064812578 | 1 | 2 | 1 | 0 |
3 | 1064812578 | 1 | 2 | 1 | 0 |
4 | 1064812578 | 1 | 2 | 1 | 0 |
Water Source : Public
Sewer : Public Sewer
Fireplace: None
None
Air Conditioning
Fireplace Features: None
Has Fireplace: 0
Year Built: 1954
Building Area Total: 2,496
None
None
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.0621
Lot Size Source: Assessor
Lot Size Square Feet: 2706
Original List Price: 3,599,000
Listing Contract Date: 2024-03-24
Listing Agreement: Exclusive Right To Sell
Parcel Number: 4137012055
Garage Description: Garage Faces Front,Garage Faces Rear
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 142 - Manhattan Bch Sand
Postal Code Plus 4: 3274
Directions: Cross Streets: The Strand & Rosecrans Ave
Source Property Type: Residential Income
Area: 142 - Manhattan Bch Sand
Property SubType: Quadruplex
Property Age: 70
Common Walls: No Common Walls
Structure Type: Quadruplex
Year Built Source: Assessor
Entry Level: 1
Entry Location: 1
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
600 8th Street, Manhattan Beach, CA,90266 | $5,500,000 | 6 | 5 | 6,000 | 7624 Sqft |
114 N Poinsettia Avenue, Manhattan Beach, CA,90266 | $9,100,000 | 5 | 4 | 6,013 | 6753 Sqft |
1315 17th Street #1, Manhattan Beach, CA,90266 | $5,395 | 3 | 2 | 1,700 | 7005 Sqft |
1315 17th Street #2, Manhattan Beach, CA,90266 | $5,595 | 4 | 2 | 1,700 | 7005 Sqft |
3920 The Strand #3922, Manhattan Beach, CA,90266 | $5,500 | 1 | 1 | 615 | 1675 Sqft |
1316 Gates Avenue, Manhattan Beach, CA,90266 | $5,950,000 | 5 | 6 | 4,745 | 5675 Sqft |
341 6th Street, Manhattan Beach, CA,90266 | $7,499,000 | 5 | 2 | 4,282 | 2691 Sqft |
201 15th Street, Manhattan Beach, CA,90266 | $3,550,000 | -- | -- | 2,093 | 2701 Sqft |
201 15th Street, Manhattan Beach, CA,90266 | $3,550,000 | 6 | 3 | 2,093 | 2701 Sqft |
325 10th Street, Manhattan Beach, CA,90266 | $3,850,000 | 5 | -- | 2,207 | 2706 Sqft |
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ByOwner last updated this listing 05/01/2024 @ 20:45
MLS: SB24058670
LISTED BY: Shawn Dugan, Strand Hill Properties
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.