740 Manhattan Beach Boulevard , A

    Manhattan Beach, CA 90266
    • $4,350,000
    • STATUS: Active
    • ON SITE: 73 days
    • ID#: PW18165748
    UPDATED: 59 min ago
    $4,350,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,722
      SQFT
    • $921
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    740 Manhattan Beach Boulevard IS a completely renovated six-unit apartment building just a half-mile from the Manhattan Beach Pier in Manhattan Beach, California. Tenants enjoy the property+GGs highly sought after location near the beach and numerous popular dining, shopping and entertainment opportunities.This turnkey asset consists of a 1961 construction with three two-bedroom and three one-bedroom units that have each recently undergone a $30,000 renovation. The units boast new modern kitchens with stainless steel appliances, new bathrooms, upgraded flooring and more. Additionally, the units are separately metered for gas and electricity. The property also features two two-car garages in the front and two single-car garages in the rear. With its excellent location, turnkey condition, and potential upside in rents, 740 Manhattan Beach Boulevard presents an excellent investment opportunity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-22T10:30:36.423. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/85472395

    740 Manhattan Beach Boulevard , A Manhattan Beach, CA 90266

    • Price: $4,350,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: PW18165748
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    4,722
    SQFT
    $921
    $/SQFT
    1961
    Built
    Neighborhood:
    144 - Manhattan Bch Hill
    County:
    Los Angeles
    Area:
    144 - Manhattan Bch Hill
    Property Description
    740 Manhattan Beach Boulevard IS a completely renovated six-unit apartment building just a half-mile from the Manhattan Beach Pier in Manhattan Beach, California. Tenants enjoy the property+GGs highly sought after location near the beach and numerous popular dining, shopping and entertainment opportunities.This turnkey asset consists of a 1961 construction with three two-bedroom and three one-bedroom units that have each recently undergone a $30,000 renovation. The units boast new modern kitchens with stainless steel appliances, new bathrooms, upgraded flooring and more. Additionally, the units are separately metered for gas and electricity. The property also features two two-car garages in the front and two single-car garages in the rear. With its excellent location, turnkey condition, and potential upside in rents, 740 Manhattan Beach Boulevard presents an excellent investment opportunity.
    Exterior Features

    Garage Spaces 6.00 Lot Features Lot Shape-Rectangular Lot Size Source Assessor Lot Size Units Square Feet Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features See Remarks

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 2.75 Community Features Suburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 0.00 Gross Multiplier 21.90 Gross Scheduled Income 198600.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 119822.00 New Taxes Expense 0.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 0 Operating Expense 72820.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Total Expenses 72820.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Mnrh

    Listing provided courtesy of Steven Bogoyevac of Steven M. Bogoyevac, Broker.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-22T10:30:36.423. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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