Log In/Sign Up
Your email has been sent.
Windsor House 1150 Tennyson St 39 Unit Apartment Building $16,000,000 ($410,256/Unit) 3.60% Cap Rate Manhattan Beach, CA 90266
Investment Highlights
- Manhattan Beach is regarded as one of the most desirable coastal communities in Southern California—consistently ranking among the top places to live!
- Outstanding Rental Location in a Landlord Friendly City!!!
- Excellent Investment Opportunity with Tremendous Value Add Potential!!!
- Great Unit Mix! Spacious Apartments! Beautiful Courtyard!
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$1,400,700
|
$32.60
|
| Other Income |
$9,360
|
$0.22
|
| Vacancy Loss |
$50,557
|
$1.18
|
| Effective Gross Income |
$1,359,503
|
$31.64
|
| Taxes |
$184,102
|
$4.28
|
| Operating Expenses |
$194,267
|
$4.52
|
| Total Expenses |
$378,369
|
$8.81
|
| Net Operating Income |
$981,134
|
$22.84
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $1,400,700 |
| Annual Per SF | $32.60 |
| Other Income | |
|---|---|
| Annual | $9,360 |
| Annual Per SF | $0.22 |
| Vacancy Loss | |
|---|---|
| Annual | $50,557 |
| Annual Per SF | $1.18 |
| Effective Gross Income | |
|---|---|
| Annual | $1,359,503 |
| Annual Per SF | $31.64 |
| Taxes | |
|---|---|
| Annual | $184,102 |
| Annual Per SF | $4.28 |
| Operating Expenses | |
|---|---|
| Annual | $194,267 |
| Annual Per SF | $4.52 |
| Total Expenses | |
|---|---|
| Annual | $378,369 |
| Annual Per SF | $8.81 |
| Net Operating Income | |
|---|---|
| Annual | $981,134 |
| Annual Per SF | $22.84 |
Property Facts
| Price | $16,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $410,256 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.89 AC |
| Cap Rate | 3.60% | Building Size | 42,966 SF |
| Sale Condition | Deferred Maintenance | Average Occupancy | 100% |
| Gross Rent Multiplier | 15.8 | No. Stories | 2 |
| No. Units | 39 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 0.98/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | MNRH | ||
| Price | $16,000,000 |
| Price Per Unit | $410,256 |
| Sale Type | Investment |
| Cap Rate | 3.60% |
| Sale Condition | Deferred Maintenance |
| Gross Rent Multiplier | 15.8 |
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.89 AC |
| Building Size | 42,966 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 0.98/1,000 SF |
| Zoning | MNRH |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
Site Amenities
- Controlled Access
- Clubhouse
- Courtyard
- Laundry Facilities
- Pool
- Property Manager on Site
- Gated
- Storage Space
- Multi Use Room
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,500 | 400 |
| 1+1 | 18 | $2,300 | 650 - 700 |
| 2+1.5 | 16 | $3,200 | 900 |
| 2+1 | 1 | $3,000 | 950 |
| 3+2 | 3 | $3,250 | 1,100 |
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4168-012-035 | Total Assessment | $6,219,443 (2025) |
| Land Assessment | $1,596,769 (2025) | Annual Taxes | $184,102 ($4.28/SF) |
| Improvements Assessment | $4,622,674 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
4168-012-035
Land Assessment
$1,596,769 (2025)
Improvements Assessment
$4,622,674 (2025)
Total Assessment
$6,219,443 (2025)
Annual Taxes
$184,102 ($4.28/SF)
Tax Year
2026
1 of 25
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Windsor House | 1150 Tennyson St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.