1356 Manhattan Beach Blvd, Manhattan Beach, CA 90266

1356 Manhattan Beach Blvd, Manhattan Beach, CA 90266

Manhattan Beach, CA

Property Description

Lyon | Stahl is pleased to present 1356 Manhattan Beach Blvd, a highly sought-after market with low inventory. 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.

Property Features

  • Sale Price: $1,582,500
  • Area Size: 2,116 SF
  • Land Area: 4,663 SF
  • Year Built: 1953
  • Closing Date: 12/12/2018
  • Units: 2
  • Current GRM: 19.13
  • Current Cap Rate: 3.26%
  • Price Per Unit: $789,500
  • Market GRM: 17.09
  • Market Cap Rate: 3.87%
  • Current NOI: $44,833