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216 39th St, Manhattan Beach, CA 90266

$1,999,000

Description

Lyon | Stahl Investment Real Estate is proud to present 216 39th St, a highly sought-after duplex located one block from the beach – just ten lots up from The Strand. Built in 1931, this well-maintained building has undergone various upgrades within the last year. New hardwood flooring, countertops, stainless steel appliances, etc. With 1,528 SF of total livable area, this building also features a 4-car garage and ocean views. This property is a great opportunity for an investor to acquire prime real estate in the highly sought after area of El Porto in Manhattan Beach.

 

Investment Highlights:
● Incredible Location: West of Highland, just one block from the beach!
● Unit mix consisting of (2)1-Bed/1-Bath units
● Each unit has its own 2-car tandem garage
● Both units have been recently updated!

Property Downloads

Address

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

Detail

Updated on December 14, 2018 at 4:27 pm

  • Price: $1,999,000
  • Property Size: 1,528 Sq Ft
  • Land Area: 1,348 Sq Ft
  • Garage Size: 4
  • Year Built: 1931
  • Property Type: Duplex, Multifamily
  • Property Status: Active
  • Numbers of Units: 2
  • NOI: $39,955
  • GRM: 30.02
  • CAP RATE: 2.00%
  • Price per Unit: $999,500

Contact info

Johnnie Stiegler
Johnnie Stiegler
(310) 990-9685(310) 447-2213
Charlie Rasmussen
Charlie Rasmussen
(562) 241-0898(310) 404-9072
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