For more information regarding the value of a property, please contact us for a free consultation.
1813 11TH ST Manhattan Beach, CA 90266
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
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
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Marcus & Millichap