Compare Listings

123 40th St, Manhattan Beach, CA 90266

$2,137,500

Description

Lyon | Stahl Investment Real Estate is proud to present 123 40th St, a highly sought-after duplex located less than a block from the beach — at the bottom of 40th St. This well-maintained 1,464 SF building was built in 1987 and is situated on a 1,348 sq. ft. lot. The property has a unit mix of two (2) 2-bed/ 2-bath units. The property is currently operating at a 3.18% CAP Rate with plenty of rental upside. Just 4 lots from the Strand, this property is conveniently located along Manhattan Beach and features a 4-car garage, 2 parking spaces, and each unit has its own private balcony overlooking the beach. This property is a great opportunity for an investor to acquire prime real estate in Manhattan Beach.

Property Downloads

Address

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

Detail

Updated on October 11, 2018 at 8:28 pm

  • Price: $2,137,500
  • List Date: 7/3/18
  • Sell Date: 8/17/18
  • Property Size: 1,348 Sq ft
  • Land Area: 1,464 Sq ft
  • Bedrooms: 2
  • Bathrooms: 2
  • Garage Size: 4
  • Year Built: 1987
  • Property Type: Duplex
  • Property Status: Sold
  • Numbers of Units: 2
  • NOI: $63,372
  • GRM: 20.52
  • CAP RATE: 3.18%
  • Price per Unit: $997,500
  • Market GRM: 15.11
  • Market CAP RATE: 4.87%

Contact info

Woody Stahl
Woody Stahl
(310) 880-0926(310) 880-0926
Linkedin
Brett Lyon
Brett Lyon
(310) 880-5328(310) 880-5328
Linkedin

Inquire about this property

Agent Properties