201 38th St, Manhattan Beach, CA 90266

201 38th St, Manhattan Beach, CA 90266

Manhattan Beach, CA

Property Description

This apartment is tucked in the heart of North Manhattan Beach just steps away from The Strand. The unit comprises of 2 bedrooms, 2 bathrooms, beamed ceilings, its own laundry unit, a gas fireplace, and 1 car garage and tandem space for small cars. The unit is equipped with original hardwood flooring and a kitchen with amenities including a dishwasher, gas stove, microwave, oven, and plenty cabinet space. This property was fully rehabbed in 2006. Featuring a patio with an ocean view, this location is unbeatable, just steps from the beach and some of the best restaurants, bars, and coffee shops Manhattan Beach has to offer: including FISHBAR, Pancho’s, Kotosh, OB’s, Two Guns, Waca Sushi, Cafe Wild, and more.

Property Features

  • Sale Price: $4,500
  • Area Size: 2834 SF
  • Land Area: 2700 SF
  • Year Built: 1952
  • Listing Date: 2/18/2020
  • Units: 2
  • Current GRM: 21.60
  • Current Cap Rate: 3.01%
  • Price Per Unit: $1,102,500
  • Market GRM: 21.60
  • Market Cap Rate: 3.01%

Lyon Stahl Investment Real Estate

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