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1250 Manhattan Beach Blvd
Manhattan Beach, CA 90266
Multifamily Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | Lot Size | 0.12 AC |
| Property Type | Multifamily | Building Size | 3,692 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 1.08/1,000 SF |
| Zoning | MNRH | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,692 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.08/1,000 SF |
| Zoning | MNRH |
AMENITIES
UNIT AMENITIES
- Kitchen
- Tub/Shower
ABOUT 1250 MANHATTAN BEACH BLVD , MANHATTAN BEACH, CA 90266
Marcus & Millichap is proud to present to market 1250 Manhattan Beach Boulevard, a four-unit apartment building in Manhattan Beach, California. This offering presents an excellent opportunity to acquire a well-located asset with steady cash flow and rental upside in a sought-after coastal market. 1250 Manhattan Beach Boulevard is a two-story 1960 construction with three one-bed/one-bath units and one three-bed/two-bath unit. The units are separately metered for gas and electricity. The property also offers two two-car garages. Two of the units, including the three-bedroom, will be vacant as of December 10, 2019, offering a new investor to renovate the units and lease them up at market rates. The property receives great exposure along Manhattan Beach Boulevard and is well-located one block from Meadows Avenue Elementary School, a short-five minute walk from Target, and a few blocks from Polliwog Park and Manhattan Beach Middle School. The Manhattan Beach Pier is just over a mile away. This area is a sought-after affluent coastal market with a strong tenant base and very low vacancy rates.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $1,800 | - |
| 3+2 | 1 | $3,000 | - |
PROPERTY TAXES
| Parcel Number | 4167-015-002 | Improvements Assessment | $415,146 |
| Land Assessment | $383,209 | Total Assessment | $798,355 |
PROPERTY TAXES
