Active
$1,995,000
5%
2 Units
4 Beds
2 Baths
1,440 Area(sq.ft.)
Lot: 4,827 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 3,000 | $ 3,000 | $ 3,750 |
| Unit 2 | 1 | 2 | 1 | No | n/a | n/a | $ 3,750 |
| 2 | 4 | 2 | $ 3,000 | $ 3,000 | $ 7,500 |
| MLS #: | PW25065600MR |
| Days On Market: | 256 |
| Listing Date: | March 25, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,385 |
| Price per unit: | $ 997,500 |
| Year Built: | 1957 |
Property Details
Introducing a rare and exceptional single level duplex in the highly sought-after neighborhood of East Manhattan Beach, just over a mile from the ocean. This property offers remarkable long-term income potential and exciting development opportunities. The duplex features two beautifully updated, turnkey 2-bedroom, 1-bathroom units, each with its own private outdoor space and an attached 2-car garage. Both units are equipped with modernized HVAC systems, ensuring comfort and efficiency. With 1,440 sq. ft. of living space on a nearly 5,000 sq. ft. lot, this property presents a solid investment opportunity, with annual rental income exceeding $77,000. Situated in a prime location, residents will enjoy easy access to top-rated schools like Meadows Avenue Elementary, Manhattan Beach Middle School, and the popular Polliwog Park all within walking distance. This duplex is an excellent opportunity for investors seeking to capitalize on a strong rental market, the potential for value-add development, and the long-term appreciation prospects of the coveted Manhattan Beach market.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 3,897 |
| Net Operating Income: | $ 74,043 |
| Actual Gross Rent: | $ 6,495 |
Structure
| Community Features: | Suburban |
| Sewer: | In Street Paid |
| Water: | Public |
Land & Parking
| Zoning: | MNRM |
| Land Lease Type: | Fee |
| Parking Garage: | Driveway, Garage |
Interior
| AC/Cooling: | Ductless |
| Heating: | Ductless |
| Fireplace Rooms: | None |
| Laundry: | Garage |
Exterior
| Pool: | No |
Detailed Map
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