This Multifamily Property is Off-Market.

1826 12th Street
Manhattan Beach, CA 90266 ·

10 Units · Multifamily For Sale

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1826 12th Street

Price N/A Property Use Type Investment
No. Units 10 Cap Rate 5%
Building Size 7,000 SF Gross Rent Multiplier 13.80
Property Type Multifamily No. Stories 2
Property Sub-type Garden/Low-Rise
Listing ID: 13943163 Date Created: 06/12/2004 Last Updated: 08/24/2004

Description

Rare opportunity to own 10 2 bedroom, 1 bath units in Manhattan Beach. Rents are low. Above proforma is on conservative market rents of $1,250 a unit. Actual current income is $137,520 or 15.23X's. Six of the units have been completely remodeled. New roof in1998. Copper plumbed. All units have two large storage units. 10 parking spaces. One of five 10 Unit properties in a row surrounded by SFR's.

East of Artesia, one block north of Manhattan Beach Blvd.

Highlights

  • No rent control
  • Walk to Middle School

Research

1826 12th Street, Manhattan Beach, CA 90266 (Los Angeles County)

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