Sq.Ft. Lot2,381
Year1958
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Status:
Active
Property Type:Triplex
MLS #:SB23092050
On Site:10 Days
Lot Size:2,381 Sq. Ft.
County:Los Angeles
Listing Agent/Office
Agent:Bob Sievers
Office:RE/MAX Estate Properties
Ocean view income property at Manhattan Beach's notorious surf and sand beach, El Porto. Fantastic income opportunity!!! Triplex with 2 bonus units on an oversized lot! Unit mix includes two updated 2-bedrooms, one 1-bedroom and two bonus studios. 5 parking spots with 2 covered. Top ocean view unit nicely updated and perfect for owner/user to live and rent the rest! Or collect rents and get one of the highest cap rates seen in the Sand Section for income and potential appreciation! Power lines in this area are coming down as work is nearing the final phase! This is a huge bonus to potential value added as well as aesthetically pleasing! Don't miss this unique opportunity to own prime beach real estate in one of the fastest growing locations!
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Community Information
Address:227 44th St, Manhattan Beach, CA 90266
County:Los Angeles
City:Manhattan Beach
Zip Code:90266
Architecture
Year Built:1958
Stories:3
Building Area: 2424.0
Number of Buildings: 1
Total Units: 5
Stories Total: 3
Unit 1: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $3,100 actual rent • $3,100 total rent • $3,410 pro forma
Unit 2: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $2,750 actual rent • $2,750 total rent • $2,750 pro forma
Unit 3: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,375 actual rent • $1,375 total rent • $1,375 pro forma
Unit 4: 1 Unit • 1 Bath • Unfurnished • $1,250 actual rent • $1,250 total rent • $1,250 pro forma
Unit 5: 1 Unit • 1 Bath • Unfurnished • $1,100 actual rent • $1,100 total rent • $1,100 pro forma
Garage Spaces: 2.0
Features / Amenities
Interior Features: Granite Counters, Unfurnished
Appliances: Gas Water Heater
Flooring: Laminate, Vinyl
Laundry: Common Area
Entry Level: 1
Entry Location: Street
Common Walls: No Common Walls
Open Parking Spaces: 3.0
Parking Total: 5.0
Heating: Wall Furnace
Property Features
Lot Size:
0.05 Acres / 2,381 Sq. Ft.
Lot Features: Item01UnitAcre
View: Ocean
Utilities: Sewer Connected
Sewer: Public Sewer
Water: Public
Zoning:MNRH
Directions:Corner of 44th and Highland
Tax and Financial Info
Gross Income: $118,500
Gross Scheduled Income: $118,500
Net Operating Income: $84,500
Electric Expense: $1,000
Fuel Expense: $1,500
Insurance Expense: $4,000
New Taxes Expense: $26,000
Trash Expense: $500
Water/Sewer Expense: $1,000
Operating Expense: $34,000
Terms: CashtoNewLoan
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Based on information from California Regional Multiple Listing Service, Inc. as of June 3, 2023. 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.
