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Posted
13 days ago
201 38th Street, Manhattan Beach, CA 90266
4 Bed, 4 Bath Multi-Family Home For Sale
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$3,599,000
4
4
Multi-Family
2 Family
This listing is courtesy of Brice Head from Marcus & Millichap.
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Property Description for 201 38th Street, Manhattan Beach, CA 90266
An investment opportunity 7 parcels from the Sand, in one of Southern California's premier locations. The subject property is made up of two, large, currently owner-occupied 2 Bed/2 Bath units. Both units have the same, spacious floorplans, tongue-and-groove, exposed beam ceilings and laundry rooms in the units. The downstairs unit has a small patio, whereas the top unit has a very large front deck with ocean views AND a dedicated rooftop deck with views from Malibu to Palos Verdes. Both units have been rehabbed nicely, for the use of the owner, whose family resides in both units: granite, newer cabinetry, fireplaces etc. Building now is over 2,800 sq. feet. Lot size is 2,700 sq. ft. The units could presently command $13,000-$15,000 or more in gross rent per month or more - particularly if the bottom unit's kitchen and baths were freshened up. AIRBNB rents in Manhattan Beach are as high as $500/night in this location. Could be combined into a large 4 Bd/4 Ba unit!
Interior Details2,834 sq. ft.
$1,269.94/sq. ft.
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Exterior Details0.06 acres
2,700 sq. ft.
3
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Other Details19496420
1952
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Units Description
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Town Description
Manhattan Beach is a city located in southwestern Los Angeles County, California, USA. Its population was 33,852 at the 2000 census. The city is on the Pacific coast, south of El Segundo, and north of...
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