Historical Multifamily Sale Listing - 1826 12th Street

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1826 12th Street

1826 12th Street, Manhattan Beach, CA 90266

N/A

10 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
10
Building Size:
7,000 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
5%
Gross Rent Multiplier:
13.80
No. Stories:
2
Listing ID
13943163
Last Updated
over 1 year ago

Highlights

  • No rent control
  • Walk to Middle School

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.

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

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