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Just Closed – Manhattan Beach Duplex | $2,137,500

Just Closed – Manhattan Beach Duplex | $2,137,500

 

Lyon | Stahl Investment Real Estate is proud to present 123 40th St, a highly sought-after duplex located less than a block from the beach — at the bottom of 40th St. This well-maintained 1,464 SF building was built in 1987 and is situated on a 1,348 sq. ft. lot. The property has a unit mix of two (2) 2-bed/ 2-bath units. The property is currently operating at a 3.18% CAP Rate with plenty of rental upside. Just 4 lots from the Strand, this property is conveniently located along Manhattan Beach and features a 4-car garage, 2 parking spaces, and each unit has its own private balcony overlooking the beach. This property is a great opportunity for an investor to acquire prime real estate in Manhattan Beach.

Investment Highlights

● Highly sought-after duplex located less than a block from the beach

● Well maintained 1,464 SF building situated on 1,348 SF of land

● Unit mix consisting of (2) 2-bed/2-bath units

● Currently operating at a 3.18% CAP Rate with plenty of rental upside

● Features a 4 car garage, 2 parking spaces, & a private balcony for each unit

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