Team BrettWood & Team Lyon of Lyon Stahl are pleased to have closed 126 El Porto St, a highly demanded ocean view duplex that is well-positioned to the beach, shopping, and restaurants in North Manhattan Beach.
This property sold for $2,275,000.
Built in 1991, the property is well-maintained and features a 30’ x 47.5’ oversized lot, (2) two-bedroom & two-bathroom units, and a 4-car garage.
The top unit is meticulously updated and can be delivered fully furnished for additional $.
It previously rented for $6,500/mo. as corporate housing. Each unit has its own water heater, furnace, laundry facilities, and is separately metered for gas and electricity.
This turn-key investment is a great owner-user option or can easily produce a 4% return to an investor with minimal maintenance.
The owner has already paid the city fees for the ongoing undergrounding of the overhead wires.
More on this Property:
For More Information, Contact:
Team Brettwood: [email protected]
Julie Lyon: [email protected]
Stephanie Lyon: [email protected]