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Property Type:Residential Income (Multi-Family)
On Site:21 Days
Lot Size:2,697 Sq. Ft.
Ocean View, 30' x 90' Lot in the Sand Section! This Property hasn't changed hands in over 45 Years and it's easy to understand why. This west-facing lot is particularly unique in that its only adjacent neighbor is located on its east border, meaning there is street or alley access along its north, south, and - most importantly - west boundaries and, thus, there is little-to-no obstruction of the panoramic ocean views that charm the home's top level. The existing building operates as an income-producing 2,156 square foot duplex with (1) 3 Bed/2 Bath upper unit and (1) 1 bed/1 Bath lower unit below. These units are currently collecting $4,100 and $2,600, respectively, and the top unit (owner's unit) will be delivered vacant at the close of escrow! To that end, those buyers that are intending to build their dream home in the future are offered the rare opportunity to secure a highly coveted parcel of Sand Section land while adequately offsetting their mortgage payment until the time is right. In addition, the owner's unit is amply upgraded throughout and features (2) large balconies with beautiful ocean views, one located at the entrance and the other privately placed outside the master bedroom. The kitchen is beautifully redone with granite countertops, brand new cabinetry that offers ample storage, and artistic tile flooring. Moreover, the top unit is afforded an oversized, 2-Car Garage with additional skirt parking and the bottom unit has its own carport space.
$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.
Address:3316 Vista Dr Manhattan Beach, CA 90266
Total Units: 2
Stories Total: 2
Unit 1: 1 Unit•3 Beds•2 Baths•2 Garages•Unfurnished•$6,450 actual rent•$6,450 total rent•$6,450 pro forma
Unit 2: 1 Unit•1 Bed•1 Bath•Unfurnished•$2,600 actual rent•$2,600 total rent•$2,950 pro forma
Parking: Attached Carport, Direct Garage Access, Driveway, Garage, Garage - Two Door, Tandem Garage
Garage Spaces: 2
Features / Amenities
Floor Material: Carpet, Stone, Tile
Rooms: Den, Family Room, Kitchen, Master Bathroom, Master Bedroom
Windows: Double Pane Windows
Laundry: Dryer Included, Washer Included
Common Walls: No Common Walls
Parking Total: 5
Other Structures: Guest House, Storage
Appliances: 6 Burner Stove, Barbecue, Dishwasher
Fireplace(s): Living Room
Heating Type: Central
Lot Size: 0.06 Acres / 2,697 Sq. Ft.
Lot Features: 0-1 Unit/Acre, Corner Lot, Cul-De-Sac, Value In Land
Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1
Lot Number: 5
Sewer: Public Sewer
Directions:Highland & Rosecrans
Tax and Financial Info
Land Lease: No
Insurance Expense: 862.00
Trash Expense: 800.00
Water / Sewer Expense: 800.00
Total Expenses: 36399.00
Gross Annual Income: 103170.00
Gross Operating Income: 103170.00
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Listing provided courtesy of Joshua Barut, Lyon Stahl Investment Real Estate, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of April 18, 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.