For more information on this property, contact Alison Clay-Duboff at 310-200-3037 or [email protected]

520 Manhattan Beach Boulevard
Manhattan Beach, California CA 90266-4853
Price: $2,900,000
Listing ID SB19005411
Status Active
SqFt 2,500
Acres 0.057
Year Built 1960

Property Description:

Seize the opportunity for this full lot, ocean view, furnished duplex in Downtown Manhattan Beach with parking for 6 vehicles!! Only steps away from all of the shops, restaurants, bars, the greenbelt, groceries, the *Pier* and all the sun, surf, sand and The STRAND! Each of the two units has 2 beds and 2 baths, private laundry, separate gas & electric meters, and balconies on the North and South sides with views straight down the center of town to the ocean. An extremely versatile property, you can live in one unit and rent the other out, or lease both units. Investors will appreciate that the furniture can be included in the sale and you instantly have a fully-furnished rental ready to lease for higher monthly rents during the the best time of the year to fill a vacancy! This lot is uniquely zoned MBRH (Residential High Density), so you may be able to build up to two townhomes (verify w City). Park 2 cars in the garages and up to 4 more vehicles on the abundant parking pad with alley access!

Primary Features

County: Los Angeles
Heating Type: Wall Furnace, Fireplace(s)
Lot Features: Greenbelt, No Landscaping
MLS Area Major: 144 - Manhattan Bch Hill
Special Listing Conditions: Bankruptcy Property
View Type: Ocean, Peek-A-Boo
Year Built: 1960
Zoning: MNRH

Additional

Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
Land Lease: no
Laundry Features: Individual Room, Inside
Laundry: yes
Lot Size Source: Assessor
Lot Size Units: Square Feet
Number Of Separate Electric Meters: 2
Number Of Separate Gas Meters: 2
Number Of Separate Water Meters: 1
Number Of Units Total: 2
Property Attached: no
Senior Community: no
Tax Lot: 6
Tax Tract Number: 2622
Water Source: Public
Year Built Source: Assessor

Interior Features

Average 2 Bed Area: 1250
Common Walls: No Common Walls
Fireplace Features: Living Room
Fireplace: yes
Garage Spaces: 2
Heating: yes

Financial Details

Cap Rate: 2.81
Gross Income: 120000
Gross Multiplier: 24.17
Gross Operating Income: 120000
Gross Scheduled Income: 120000
Gross Spendable Income: 120000
Insurance Expense: 1000
Net Operating Income: 81474
New Taxes Expense: 36250
Operating Expense: 38526
Rent Control: no
Tenant Pays: Electricity, Gas
Total Actual Rent: 10000
Total Expenses: 81474
Trash Expense: 476
Water Sewer Expense: 800

External Features

Lot Size Area: 2493
Lot Size Square Feet: 2493
Number Of Buildings: 1
Parking Features: Concrete, Garage Faces Rear, Garage - Two Door
Parking Total: 6
Parking: yes
Pool Features: None
Private Pool: no
Sewer: Public Sewer
Uncovered Spaces: 4
View: yes

Location Information

Country: US

Zoning Info


© 2019. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing courtesy of Alex Smith from Keller Williams Beach Cities . Last updated Saturday, August 17th, 2019.

Contact - Listing ID SB19005411

Alison Clay-Duboff

1040 Manhattan Beach Blvd
Manhattan Beach, CA 90266
Phone: 310-200-3037
Fax: 310-265-6050

Data services provided by IDX Broker
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