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1335 - 1351 Manhattan Beach Boulevard, Manhattan Beach, CA

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1335 - 1351 Manhattan Beach Boulevard

Manhattan Beach, CA 90266-5233 - Manhattan Beach MF Submarket

Property Type:Multi-Family Number of Units:16 Status:Existing Year Built:1967
Stories:2 Building Size:15,768 SF Land Area:.46 AC (19,833 SF)
For Sale Price:$11,500,000 Price/Unit:$718,750.00 Cap Rate:3.70 % GRM:17.95

Parking:1.26 Parking Spaces / 1,000 SF

Sale Notes:
Extraordinary opportunity to own a turn-key legacy property in prestigious Manhattan Beach. The subject property is a consists of sixteen recently remodeled, spacious apartment units, spread across
four contiguous parcels. Located on each parcel is a standalone four-plex, with a two-story, townhome style unit in the front. This unique property, constructed in 1967, is four separate APNs and can be sold separately as (4) four-plexes which would allow 30-year long-term debt financing or sold as a whole package allowing commercial financing. There is an excellent unit mix of (4) 2 bedroom townhome units, with 2 full bathrooms, and (12) 2 bedroom, 1 bath, single level apartments. The units have attractive open layouts, all with private patios. New contemporary finishes including: white shaker cabinets, grey quartz counter tops, white subway tile kitchen backsplashes, interior doors and hardware, stainless steel Samsung appliances (dishwasher, microwave, range and fridge), Washer and Dryer in each unit, recessed lighting, modern wood laminate flooring, tub, wall tile, floor tile, paint and fixtures. Each unit is individually metered for gas and electric.

Barshay Real Estate
Adam Barshay
(310) 937-1501

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