Closed – Duplex in Manhattan Beach | $1,582,500

Closed – Duplex in Manhattan Beach | $1,582,500

Congratulations to Doug Lawson and Woody Stahl of Lyon | Stahl Investment Real Estate for closing 1356 Manhattan Beach Blvd, a duplex in Manhattan Beach!

 

Currently operating 3.26% CAP with the capability of performing at 3.87% CAP simply by raising the rents to market prices, even stronger CAP rate with more significant upgrades to the units. This duplex has two garages with room to park next to the garage, also plenty of street parking directly next to units. Private deck recently re-done off upper bedroom of 4-bed/3-bath. This is an excellent investment opportunity in Manhattan Beach.

Investment Highlights:

• Beautiful corner lot duplex on Manhattan Beach Blvd
• Excellent unit mix consisting of a 4-bed/3bath and 2-bed/1bath
• Deck has been recently replaced | 2 Garages
• Each unit has a private backyard
• Washer dryer hook up in each unit
• Only a short distance from The Strand
• 4-bed/3-bath is in back off of Rowell
• 2-bed/1-bath is in front off of Manhattan Beach Blvd

 

For Future Listings:

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