Property Description

The subject property is located just steps from downtown Manhattan Beach, which is home to numerous popular restaurants, bars, shopping and the world famous Manhattan Beach pier. The property is located on Manhattan Beach Boulevard between Valley/Ardmore Blvds on the west and Pacific Avenue on the east. In addition to the world class beach located only seven blocks from the property, the property is one block from Pacific Elementary which is one of the highest rated elementary schools in the nation. The property is a well maintained duplex with a three bedroom two and a half bath townhouse unit in front and a large one bedroom one bath unit in the back portion of the building over the garage. The property was built in 1967. The front three bedroom house has a large outdoor patio along Manhattan Beach Blvd. as well as a 2nd story balcony with beautiful ocean views. The front unit has wood laminate flooring and new appliances. The rear unit was previously the owner’s unit and features granite flooring in the kitchen and marble flooring in the bathroom. Each unit is separately metered for gas, electric, and there are separate water heaters for each unit. The three bedroom two and a half bath unit is rented for $3,100. The one, one bath unit is rented for $1,600. The market rent is $3,600 for the three bedroom two and a half bath unit and $1,800 for the one bedroom, one bath unit. The building sits on a full street to alley lot of 2,496 square feet. The property has an attached two car garage and three open parking spots. There is also ample street parking on 11th Street behind the property. The building has washer/dryer hookups in the garage. Overall the building is in very good condition. Manhattan Beach is one of the strongest rental markets in the South Bay. The property is in an ideal location adjacent to multimillion dollar Hill Section homes. This is an easy property to lease for income or would also be perfect for an owner/user.