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120 36TH PL Manhattan Beach, CA 90266
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Key Details
Sold Price $1,850,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 1,260 sqft
Price per Sqft $1,468
MLS Listing ID 22-115695
Sold Date 03/15/22
Bedrooms 3
Year Built 1927
Lot Size 1,352 Sqft
Acres 0.031
Property Description
This duplex is an opportunity for an investor or owner-user to purchase a multifamily property located just above The Strand in Manhattan Beach, California. The property consists of a mix of (1) two-bed/one-bath & (1) one-bed/one-bath units. There is one 2-Car Garage on 36th Place and a shared private yard at the back of the property. A new owner can capitalize on the tight rental market and high rents in this neighborhood by fully upgrading and renovating the units to achieve top of the market rents. This is a pride of ownership property. Quality renovations and executing on a renovation strategy will allow you to unlock maximum upside. Upgrades may include a fully remodeled kitchen including top of the line stainless steel appliances, granite countertops, artistic styled flooring, and brand-new cabinetry. The opportunities are endless to realize maximum value in each unit. Rents at the high end of the range result in 126% upside potential. The bottom one-bed/one-bath unit is not current on rent, the top two-bed/one-bath unit is current on rent. Both tenants are month-to-month. There will be no showings or open houses. Please submit offers subject to interior inspection. We politely request that you do not disturb the tenants nor walk around the property.
Location
State CA
County Los Angeles
Area Manhattan Beach Sand
Zoning MNRH
Rooms
Other Rooms None
Interior
Heating Other
Cooling Other
Equipment Refrigerator
Exterior
Parking Features Attached, Garage - 2 Car
Garage Spaces 2.0
Building
Lot Description Back Yard
Story 2
Others
Special Listing Condition Standard
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Bought with Corcoran Global Living