217 43rd St - Apartments FOR SALE


Manhattan Beach, CA 90266
$2,400,000 USD
310-710-3829
217 43rd St, Manhattan Beach, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/28
null | 3.02% Cap Rate

217 43rd St
Manhattan Beach, CA 90266


HIGHLIGHTS

  • Sand Section Ocean View Duplex in the Heart of El Porto
  • 1,368 SF Building Located West of Highland on a Half Lot (30’x45’)
  • Pride of Ownership Property | Units Are Newly Renovated with Quartz Countertops, New Flooring, and Premium Finishes Throughout
  • Electrical Undergrounding Has Been Completed | Other Upgrades Include Newer Windows, Upgraded Electrical Panels, and Repairs to the Roof
  • Great Unit Mix - (1) 2-Bed/2-Bath Unit, (1) 1-Bed/1-Bath | Parking For Each Unit: (1) 2-Car Garage & (1) 1-Car Garage
  • Perfect Opportunity For an Owner User | Both Units are Vacant

OVERVIEW

217 43rd Street is a beautifully updated ocean view duplex located west of Highland in the heart of El Porto, one of the most vibrant and desirable neighborhoods in Manhattan Beach’s Sand Section. Situated on a 30’x45’ half lot, this pride-of-ownership property offers the rare opportunity to own a fully vacant, turn-key asset in one of the most sought-after communities in Los Angeles. The 1,368 square foot building features a well-designed unit mix of (1) 2-bedroom, 2-bathroom unit and (1) 1-bedroom, 1-bathroom unit—both of which have been recently renovated with quartz countertops, new flooring, and premium finishes throughout. Each unit is paired with private garage parking: a 2-car garage for the larger unit and a 1-car garage for the smaller unit. Significant property upgrades have been completed, including newer windows, updated electrical panels, and recent roof repairs. Electrical undergrounding has also been completed, with cutover pending. With both units delivered vacant, 217 43rd Street is a rare opportunity for an owner-user to live steps from the sand, or for an investor to operate a high-quality duplex in an A+ location. The property offers a 3.02% CAP rate and a 21.63 GRM in one of the premier coastal submarkets in Los Angeles.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$1,754 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,200,000

CAP RATE

3.02%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Newly Renovated Vacant Duplex in El Porto

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,423 SF

ZONING

RH

APN/PARCEL ID

4137-006-056

ASK ABOUT THIS PROPERTY

Woody StahlLyon Stahl Investment Real Estate, Inc.More Info
310-710-3829

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Woody StahlLyon Stahl Investment Real Estate, Inc.More Info
310-710-3829

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