1250 Manhattan Beach Blvd - Apartments FOR SALE


Manhattan Beach, CA 90266
$3,045,000 USD
424-405-3826
1250 Manhattan Beach Blvd, Manhattan Beach, CA for Sale
$3,045,000 USD
Apartments - FOR SALE
1/12
null | 3.99% Cap Rate

1250 Manhattan Beach Blvd
Manhattan Beach, CA 90266


HIGHLIGHTS

  • Pride-of-Ownership Turnkey Fourplex: Asset has been extensively renovated inside and out to support ongoing operations and rental demand
  • Excellent Manhattan Beach Location: Just one mile from the Manhattan Beach Pier, conveniently near popular dining and outdoor recreation
  • Competitive Amenities Drive Rental Demand: In-unit laundry, remodeled interiors, new appliances, garages with E/V charging and SUP racks, and more
  • Unit Mix: Building offers one three-bed/two-bath and three one-bed/one-bath units
  • Nine Percent Potential Upside in Rents
  • RUBS Program Already In Place: RUBS recoups utility costs to maximize cash flow

OVERVIEW

Marcus & Millichap is pleased to present to market 1250 Manhattan Beach Boulevard, a turnkey fourplex in sought-after Manhattan Beach, California. This offering presents an exciting opportunity to acquire a thoughtfully renovated asset loaded with quality upgrades and amenities in a strong coastal submarket. 1250 Manhattan Beach Boulevard features a mix of one three-bed/two-bath and three one-bed/one-bath units. All units have been remodeled with brand new kitchens, new baths, in-unit laundry, LVP flooring, new vinyl windows, new water heaters, and more. This asset’s extensive recent capital improvements list also includes a new roof, updated plumbing and electrical, and additional thoughtful upgrades to support ongoing property operations and support rental demand. The property is located just one mile from the Manhattan Beach Pier, offering tenants easy access to the beach, dining, and retail (Target is less than a block away). This area boasts a strong tenant base: the average household income within one mile is over $216,000. This asset’s extensive list of recent upgrades make it a pride-of-ownership asset and an excellent acquisition opportunity for any investor looking for a turnkey South Bay asset.

FOR SALE DETAILS

PRICE

$3,045,000 USD

PRICE/SF

$825 USD /SF

# OF UNITS

4

PRICE/UNIT

$761,250

CAP RATE

3.99%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,079 SF

ZONING

MNRH

APN/PARCEL ID

4167-015-002

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.