Active
$4,995,000
8 Units
9 Beds
8 Baths
3,436 Area(sq.ft.)
Lot: 3,612 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 3,395 | $ 3,395 | $ 4,850 |
| Unit 2 | 5 | 1 | 1 | No | $ 2,257 | $ 3,469 | $ 3,469 |
| Unit 3 | 2 | studio | 1 | No | $ 2,015 | $ 2,015 | $ 2,450 |
| Unit 4 | 1 | studio | 1 | No | $ 1,800 | $ 1,800 | $ 1,800 |
| 9 | 7 | 9 | $ 20,510 | $ 26,570 | $ 28,895 |
| MLS #: | 25-486577 |
| Days On Market: | 348 |
| Listing Date: | December 23, 2024 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,454 |
| Price per unit: | $ 624,375 |
| Year Built: | 1960 |
Property Details
We are pleased to present our newest exclusive listing in the highly sought after Manhattan Beach market. The Sound of the Sea Apartments, an 8 unit apartment building, is being offered for sale by the original family who built the property back in 1960. The property is located less than 500 feet from the Pacific Ocean and El Porto - a renowned surf location with white sand beaches, volleyball, dolphin sightings and more. The property boasts a diverse unit mix of studios, one bedrooms, and two bedrooms while 3 of the units have ocean views. There are a total of 8 garage spots plus 5 noncovered parking spots. The property was built with large sun decks, which tenants enjoy year-round. The property also has a 300 sqft non-conforming bachelor unit, which will be delivered vacant. Living at The Sounds of the Sea Apartments gives you access to everything Manhattan Beach has to offer. You are seconds away from your local restaurants, shops, and nightlife. Located just minutes away from the famous Strand and a short bike ride to downtown Manhattan Beach. A new owner can explore converting the garages to ADUs, modernizing the exterior and interiors of the property, and commanding top rents for a one of a kind living experience for their tenants. For more information, please reach out to the listing agent.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 246,120 |
| Total Annual Expense: | $ 85,299 |
| Net Operating Income: | $ 153,438 |
| Gross Annual Income: | $ 246,120 |
| Gross Rent Multiplier: | 20.29 |
Structure
| Type of Units: | Standard |
| Buildings: | 1 |
| Levels: | Three Or More |
Land & Parking
| Zoning: | MNCNE |
| Parking Garage: | Garage, Uncovered |
| Total Parking: | 13 |
Interior
| AC/Cooling: | None |
| Equipment: | Ceiling Fan, Range/Oven, Refrigerator, Garbage Disposal, Microwave |
| Heating: | Wall |
| Patio Features: | Roof Top Deck |
Exterior
Detailed Map
Schools
Find a great school for your child
Income
