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120 35th St, Manhattan Beach, CA 90266

120 35th St, Manhattan Beach, CA 90266
$4,600,000

Description

We are proud to present this extremely rare opportunity to purchase a full lot on a walk street in the 100 block of Manhattan Beach. This property is a developer’s dream to be able to build on a north-facing lot just up from the strand. Currently, the existing building is a 2,554 SF duplex situated on a 2,707 SF lot. The front unit located on the walk street side was built in 1939 and consists of a 2-bed/1.5-bath unit. The second unit located on top of the 4-car garage was built in 1989 and consists of a 2-bed/2-bath unit. Both units are currently vacant. Do not let this opportunity pass by, as it won’t last for long!

120 35th St, Manhattan Beach 90266 | $4,600,000
  • Unit Mix: (1) 2-bed/1.5-bath, (1) 2-bed/2-bath units
  • Both units are currently vacant
  • 2,554 SF of living space on a 2,707 SF full lot
  • Located in the sand section in the 100 block
  • 4 Car garage
  • Amazing ocean views
  • Extremely rare development opportunity

Property Downloads

  • City: Manhattan Beach
  • State/county: CA
  • Country: United States

Detail

Updated on October 2, 2020 at 8:58 am

  • Price: $4,600,000
  • List Date: 9/28/2020
  • Property Size: 2,554 Sq Ft
  • Land Area: 2,707 Sq Ft
  • Year Built: 1939
  • Property Type: Multifamily, Duplex
  • Property Status: Active
  • Numbers of Units: 2
  • NOI: $54,870
  • GRM: 36.96
  • CAP RATE: 1.19%
  • Price per Unit: $2,300,000
  • Market GRM: 36.96
  • Market CAP RATE: 1.19%

Contact info

Stephen Takahashi
Stephen Takahashi
(310) 890-5270(310) 403-9145
Linkedin
Johnnie Stiegler
Johnnie Stiegler
(310) 990-9685(310) 447-2213

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