112 44th St, Manhattan Beach, CA 90266

112 44th St, Manhattan Beach, CA 90266

Manhattan Beach, CA
$3,125,000

Property Description

INVESTMENT HIGHLIGHTS

  • (2) 2 Bedroom/1.5 Bathroom Townhome Style Units
  • Rooftop Deck on Previous Owners Unit
  • (2) Enclosed 2-Car Garages
  • Full Panoramic Ocean Views
  • 2,460 Building Sqft | 1,433 Lot Sqft
  • Both Units Will be Delivered Vacant

EXECUTIVE SUMMARY

The Stiegler | Takahashi Group is pleased to present 112 44th St, Manhattan Beach: located only one block up from The Strand on a corner lot. This side-by-side duplex, built in 1959, boasts two townhome style units measuring roughly 1,200 SqFt each. Both units have full panoramic ocean views as well as access to the rooftop deck in the previous owners unit. Both units are 2-bedroom, 1.5-bathroom units and have their own washer/dryer hookups. On the ground level there are two very large enclosed 2-Car Garages, which is very rare for the notoriously parking-scarce El Porto area of Manhattan Beach. One of the units has recently undergone upgrades, such as new laminate flooring, new kitchen appliances, new bathroom vanity, cleaned fireplace, and a fresh paint job throughout the unit. This property is perfect for an owner/user who can offset their mortgage, or as a full investment property located within the coastal zone / Manhattan Beach Sand Section, which allows for short term rentals for increased income. Both units will be delivered vacant.

Property Features

  • Sale Price: $3,125,000
  • Area Size: 2,460 Sq. Ft.
  • Land Area: 1,433 Sq. Ft.
  • Year Built: 1959
  • Listing Date: 5/31/2023
  • Units: 2
  • Price Per Unit: $1,432,500
  • Market GRM: 15.92
  • Market Cap Rate: 4.43%