Property Description

Lyon Stahl Investment Real Estate is proud to present 216 39th St in Manhattan Beach. This charming 1,528 SF duplex is situated on a 1,348-lot with 4 garage parking spaces. Built in 1931, this property features a unit mix of (2) 1-bed/1-bath currently bringing in rental income of $7000 monthly and $84,000 annually. This property is just a short walk away from the beach and is the quintessential oceanside living experience. This is a perfect investment opportunity for anyone looking to rent out both units with very strong rent appeal or a homeowner looking to live by the ocean and rent out the other unit.

<strong>Investment Highlights: </strong>

• Unit Mix: (2) 1-Bed/1-Bath
• 1,528 SF Two-Story building on a 1,348 SF Lot
• Various upgrades within the last year
• Current 3.26% Cap &amp; 20.82 GRM | Pro forma 3.52% Cap &amp; 19.70 GRM
• 4-Car garage
• INCREDIBLE LOCATION one block from the beach
• Great opportunity for an owner-user and investor alike
• Excellent development potential