2521 Alma Ave, Manhattan Beach, CA 90266

2521 Alma Ave, Manhattan Beach, CA 90266

Manhattan Beach, CA
$7,500,000

Property Description

Lyon Stahl is proud to present 2521 Alma Ave, a well-positioned ocean view two home property in Manhattan Beach. Built in 1982|1991, the 3,882 SF and 3,423 SF buildings sit on an oversized 4,052 SF lot, and features (1) 5-bed/5-bath French inspired residence and (1) 5-bed/4-bath Pacific Heights style residence. Located only 3 blocks from The Strand, the property is a short distance to the beach as well as restaurants and retail on the pier and in North Manhattan Beach.
Given the ideal location and consistent income of $25,000/mo, this is a great opportunity for any Beach Cities investor or owner-user to own a generational asset with long-term appreciation potential.

Property Features

  • Sale Price: $7,500,000
  • Area Size: 7,305 SF
  • Year Built: 1982/1991
  • Listing Date: May 9, 2022
  • Units: 2
  • Current GRM: 25.00
  • Current Cap Rate: 2.54%
  • Market GRM: 20.16
  • Market Cap Rate: 3.62%

Lyon Stahl Investment Real Estate

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