216 14Th Street, Manhattan Beach, CA 90266

$4,699,000
List Price
$4,699,000
Status
ACTIVE
MLS#
20632408
Year Built
1950
Lot Size
4,190
Acres
0.09
Days on Market
16
Property Type
Multifamily

Property Description

The combined offering is made up of 2 contiguous lots with a triplex on one (216 14th) and 4-plex on the other lot (220 14th). Seller's preference is to sell them together. The investment affords a Buyer a multifaceted opportunity the chance to cash flow #1 and #2 enjoy the inevitable capital appreciation that a world-renowned beach location brings. And of course, there's the option to develop new luxury apartments, condos, townhomes or a single-family residence with ADUs. The lots are larger than many in the sand section and go street-to-alley making development very easy. Many sand section lots are 30 x 90, whereas these parcels are 34 x 123.

Additional Information

Heat
Wall Furnace
Cooling Description
None
Number Of Units Total
3
Unit One Total Units
1
Unit One Beds
2
Unit One Baths
1
Unit One Actual Rent
2450.00
Unit One Total Rent
2450.00
Unit One Pro Forma
3450
Unit One Furnished
Unfurnished
Unit Two Total Units
1
Unit Two Beds
2
Unit Two Baths
1
Unit Two Actual Rent
3300.00
Unit Two Total Rent
3300.00
Unit Two Pro Forma
3450
Unit Two Furnished
Unfurnished
Unit Three Total Units
1
Unit Three Beds
1
Unit Three Baths
1
Unit Three Actual Rent
1960.00
Unit Three Total Rent
1960.00
Unit Three Pro Forma
2950
Unit Three Furnished
Unfurnished

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Brice Head from Marcus & Millichap

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.