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1356 Manhattan Beach Blvd, Manhattan Beach, CA 90266

$1,579,000

Description

Lyon | Stahl is pleased to present 1356 Manhattan Beach Blvd, a highly sought-after market with low inventory. Currently operating 3.26% CAP with the capability of performing at 3.87% CAP simply by raising the rents to market prices, even stronger CAP rate with more significant upgrades to the units. This duplex has two garages with room to park next to the garage, also plenty of street parking directly next to units. Private deck recently re-done off upper bedroom of 4-bed/3-bath. This is an excellent investment opportunity in Manhattan Beach.

Property Downloads

Address

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

Detail

Updated on October 11, 2018 at 8:15 pm

  • Price: $1,579,000
  • Property Size: 2,116 Sq ft
  • Land Area: 4,663 Sq ft
  • Year Built: 1953
  • Property Type: Duplex
  • Property Status: Active
  • Numbers of Units: 2
  • NOI: $44,833
  • GRM: 19.13
  • CAP RATE: 3.26%
  • Price per Unit: $789,500
  • Market GRM: 17.09
  • Market CAP RATE: 3.87%

Contact info

Doug Lawson
Doug Lawson
(424) 781-3816(310) 710-7609
Linkedin
Woody Stahl
Woody Stahl
(310) 880-0926(310) 880-0926
Linkedin

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