1818-1820 12th St - Apartments FOR SALE


Manhattan Beach, CA 90266 | 
$5,100,000 USD
310-376-9824
1818-1820 12th St, Manhattan Beach, CA for Sale
$5,100,000 USD
Apartments - FOR SALE
1/12
null | 3.58% Cap Rate

1818-1820 12th St
Manhattan Beach, CA 90266


HIGHLIGHTS

  • Two separate 90266 parcels offered together - hold, finance, or sell the buildings independently
  • All ten units 2 BD / 1 BA with one dedicated parking space each; coin laundry in both buildings
  • One unit deliverable vacant at close for an owner-user or immediate market reset

OVERVIEW

Inland Pacific Management, Inc. is pleased to present 1818 & 1820 12th Street, a two-building, ten-unit apartment property in Manhattan Beach (90266) offered at $5,100,000. The property is held as two separate parcels — APN 4165-024-031 and 4165-024-032 — acquired together in May 2014 and offered together, with the flexibility to hold, refinance, or eventually sell the buildings separately. Each building contains 3,192 square feet for a combined 6,384 square feet, built in 1957 on approximately 8,242 square feet of land zoned MNRH. Every unit is a two-bedroom, one-bath of roughly 550 square feet with one dedicated parking space, and each building has its own coin-operated laundry room. Unit 1818-2, remodeled in 2016, shows the finish level a turned unit achieves.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$799 USD /SF

# OF UNITS

10

PRICE/UNIT

$510,000

CAP RATE

3.58%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,242 SF

ZONING

MNRH

APN/PARCEL ID

4165-024-031,4165-024-032

ASK ABOUT THIS PROPERTY

Mike MillerInland Pacific Management, Inc.More Info
310-376-9824

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Mike MillerInland Pacific Management, Inc.More Info
310-376-9824

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