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1411 Manhattan Beach Blvd 1411 Manhattan Beach Blvd 3 Unit Apartment Building $2,595,000 ($865,000/Unit) 2.25% Cap Rate Manhattan Beach, CA 90266
Investment Highlights
- Close to shopping, restaurants, and the beach!
Executive Summary
Excellent Owner-User, Income or Development Opportunity! This triplex features over 2400 square feet of living space on a 5500+ square foot lot.
Each of these three bungalow-style units have two bedrooms and one bathroom and are about 800 square feet. These units feature laundry hook-ups, gas appliances, newer copper pipes, three total garage spaces, and private patios/yards. This triplex can also be purchased together with identical triplex at 1417 Manhattan Beach Blvd
Each of these three bungalow-style units have two bedrooms and one bathroom and are about 800 square feet. These units feature laundry hook-ups, gas appliances, newer copper pipes, three total garage spaces, and private patios/yards. This triplex can also be purchased together with identical triplex at 1417 Manhattan Beach Blvd
Property Facts
| Price | $2,595,000 | Apartment Style | Low-Rise |
| Price Per Unit | $865,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 2.25% | Building Size | 2,409 SF |
| Gross Rent Multiplier | 27.08 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | ||
| Zoning | MNRH - High-Density Residential | ||
| Price | $2,595,000 |
| Price Per Unit | $865,000 |
| Sale Type | Investment |
| Cap Rate | 2.25% |
| Gross Rent Multiplier | 27.08 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,409 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1954 |
| Zoning | MNRH - High-Density Residential |
Amenities
Unit Amenities
- Dishwasher
- Kitchen
- Refrigerator
Site Amenities
- 24 Hour Access
- Courtyard
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $2,588 | 800 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4166-009-037 | Improvements Assessment | $572,816 |
| Land Assessment | $1,184,923 | Total Assessment | $1,757,739 |
Property Taxes
Parcel Number
4166-009-037
Land Assessment
$1,184,923
Improvements Assessment
$572,816
Total Assessment
$1,757,739
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1411 Manhattan Beach Blvd | 1411 Manhattan Beach Blvd