Manhattan Beach, CA 90266,1813 11TH ST
Manhattan Beach, CA 90266,1813 11TH ST
Manhattan Beach, CA 90266,1813 11TH ST
5
$2,400,000
$2,499,000
4.0%
Est.Price: ?

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6 BA
3,840 SqFt

1813 11TH ST Manhattan Beach, CA 90266

Est. payment /mo
SOLD DATE : 06/30/2020

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Key Details

Sold Price $2,400,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 3,840 sqft

Price per Sqft $625

MLS Listing ID 20-574928

Sold Date 06/30/20

Year Built 1959

Lot Size 6,499 Sqft

Property Description

Ultra-rare opportunity to acquire a multifamily asset in the highly sought-after 90266 zip code. Annual sales velocity is Manhattan Beach is one of the lowest in all of LA County. Classic, value-add opportunity for an investor wanting solid, long-term growth. 5% cap on proforma rents is competitive for a Beach Cities investment. The unit mix of all 2 Bed units is ideal for young couples or work-at-home renters. There are washer, dryer hookups in each garage space, as well. The majority of the units (4) are upstairs - they feel larger due to vaulted ceilings with attractive tongue and groove exposed word work. They also have views - there are expansive LA Basin views to the North. The East Manhattan location is extremely accessible to some of The South Bay's largest employers: Northrop Grumman (1 block away) , Lockheed Martin, AT&T DirecTV, Raytheon, MBS Media Campus - and the 405 and 105 Fwys are close by. Lastly, unit #4 will be vacated - an immediate opportunity.

Location

State CA

County Los Angeles

Area Manhattan Beach Mira Costa

Zoning MNRH-D2

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment Range/Oven

Exterior

Parking Features Garage

Garage Spaces 6.0

Building

Story 2

Others

Special Listing Condition Standard

Read Less


TheMLS (CLAW)
Listed by Marcus & Millichap
Bought with Marcus & Millichap

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Herman Singh

Broker

+1(310) 625-6175

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