3216 Manhattan Ave

Manhattan Beach, CA 90266 View Map $6,600,000 Schedule a Tour
Sq.Ft. Lot3,497
Year1973
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Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:21727318
On Site:12 Days
Lot Size:3,497 Sq. Ft.
County:Los Angeles
Prime Manhattan Beach Location - Hottest City in Los Angeles County - Located on Manhattan Ave, this location is one of most desired in all of Los Angeles County. | Private Roof Deck for 3 Bedroom Unit - The 3 bedroom unit has a massive private roof deck with tremendous views from Palos Verdes to Malibu. This unit has endless possibilities and could be a perfect owner-user or short-term rental unit. | Zero Supply Market - Currently there are no 4 units available in the entire city of Manhattan Beach. | Overparked Fourplex - The building features 9 garage parking spaces on-site. Single Car Garages rent for minimum of $200 in this area of Manhattan Beach. | 2 Bedroom Units Have Private Balconies - The 2 bedroom units get to enjoy private balconies with ocean views. | Renovated Pride of Ownership Asset with True Rental Upside - Current ownership has done quality renovation to the exterior with new paint and windows. One unit has been fully renovated and the remaining are very clean but allow a new owner to come in and execute on their renovation strategy.

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$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Community Information

Address:3216 Manhattan Ave Manhattan Beach, CA 90266
Zip Code:90266

Architecture

Year Built:1973
Stories:3
Number of Buildings: 1
Total Units: 4
Stories Total: 3
Unit 6: 1 Unit•3 Beds•2 Baths•Unfurnished•$6,700 actual rent•$6,700 total rent•$12,000 pro forma
Unit 7: 1 Unit•2 Beds•2 Baths•Unfurnished•$5,000 actual rent•$5,000 total rent•$6,500 pro forma
Unit 8: 1 Unit•2 Beds•2 Baths•Unfurnished•$4,900 actual rent•$4,900 total rent•$6,750 pro forma
Unit 13: 1 Unit•2 Beds•2 Baths•Unfurnished•$5,495 actual rent•$5,495 total rent•$6,000 pro forma
Parking Features: Covered, Garage

Features / Amenities

Laundry: Common Area

Property Features

Lot Size: 0.08 Acres / 3,497 Sq. Ft.
Zoning:MNRH
Directions:Located on Manhattan Ave, this location is one of the most desired in all of Los Angeles County.

Tax and Financial Info

Gross Income: $265,640
Net Operating Income: $173,380

Schools

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3216 Manhattan Ave Manhattan Beach, CA 90266
GO SEE THIS LISTING
3216 Manhattan Ave Manhattan Beach, CA 90266
 
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Listing provided courtesy of John Katnik, James Capital Advisors, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of May 15, 2021. 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. IDX provided by Sierra Interactive.