323 Marine Ave, Manhattan Beach, CA 90266

323 Marine Ave, Manhattan Beach, CA 90266

Manhattan Beach, CA
$3,400,000

Property Description

This Manhattan Beach Triplex is situated in an A+ location! 323 Marine Ave is just a short block away from the from the strand, Bruce’s Beach, and top-tier retail and restaurants on Highland Ave and Ocean Drive – and features beautiful ocean views. This 2,256 SF building is situated on a full 2,698 Street-To-Alley lot. The unit mix is comprised of (2) 2-Bed/1-Bath units and (1) 1-Bed/1-Bath unit and has (3) separate garages. Strategically placed in one of the hottest rental markets in Los Angeles, 323 Marine Ave is an incredible opportunity for any potential developer, investor, or end owner-user looking to purchase an appreciating asset with supplemental cashflow from the current rental income.

Property Features

  • Sale Price: $3,400,000
  • Area Size: 2,256 Sq. Ft.
  • Land Area: 2,689 Sq. Ft.
  • Year Built: 1939
  • Listing Date: 2/13/2024
  • Units: 3
  • Current GRM: 38.03
  • Current Cap Rate: 1.18%
  • Price Per Unit: $1,133,333
  • Market GRM: 23.61
  • Market Cap Rate: 2.78%
  • Current NOI: $40,064

Lyon Stahl Investment Real Estate

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