1345 Manhattan Beach Blvd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1345 Manhattan Beach Blvd
4 Unit Apartment Building $4,003,338 CAD ($1,000,835 CAD/Unit) 4.40% Cap Rate Manhattan Beach, CA 90266
Investment Highlights
- 4-Unit Apartment Building in East Manhattan Beach
- Front 2-Bed/2-Bath is Spacious Townhome Style Unit Delivered Vacant at COE
- Fully Remodeled in 2017
- (1) 2-Bed/2-Bath, (3) 2-Bed/1-Bath Units
- 4.4% CAP | $712,500/Unit | $722.98/SF
- Located in a Great Pocket of Manhattan Beach – Just down the Street from Polliwog Park, Close Distance to Mira Costa, MBMS, & Meadows Elementary
Executive Summary
Discover this charming 4-unit apartment building located in East Manhattan Beach. Situated near Polliwog Park, this property offers a mix of (1) 2-bed/2-bath townhome style unit and (3) 2-bed/1-bath units, and most of the major systems were updated several years ago. There is also 2 2-Car Garages for a total of 4 garage spaces plus one uncovered space. Priced attractively at $712,500 per unit and $722.98 per square foot, the property provides a solid income opportunity with a 4.4% CAP rate. Located in a sought-after neighborhood, this is an excellent investment for those looking to capitalize on the strong rental market and long-term appreciation potential in Manhattan Beach. It is also a great opportunity for an owner-user with the front townhome-style unit to be delivered vacant.
Property Facts Under Contract
| Price | $4,003,338 CAD | Property Subtype | Apartment |
| Price Per Unit | $1,000,835 CAD | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 4.40% | Lot Size | 0.11 AC |
| Gross Rent Multiplier | 15.79 | Building Size | 3,942 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1967 |
| Price | $4,003,338 CAD |
| Price Per Unit | $1,000,835 CAD |
| Sale Type | Investment |
| Cap Rate | 4.40% |
| Gross Rent Multiplier | 15.79 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 3,942 SF |
| No. Stories | 2 |
| Year Built | 1967 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $5,612 CAD | - |
| 2+1 | 3 | $4,987 CAD | - |
1 of 1
Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 4166-010-025 | Improvements Assessment | $1,277,074 CAD |
| Land Assessment | $1,704,296 CAD | Total Assessment | $2,981,370 CAD |
PROPERTY TAXES
Parcel Number
4166-010-025
Land Assessment
$1,704,296 CAD
Improvements Assessment
$1,277,074 CAD
Total Assessment
$2,981,370 CAD
zoning
| Zoning Code | MNRH |
| MNRH |
-
Woody Stahl -
Brett Lyon -
Lyon Stahl Investment Real Estate, Inc.
1 of 27
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1345 Manhattan Beach Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.