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120 36TH Pl

Manhattan Beach, CA 90266
  • $1,775,000
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: 22-115695
UPDATED: 70 min ago
$1,775,000
  • 3
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,260
    SQFT
  • $1,409
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1927
County:

School Ratings & Info

Description

This duplex is an opportunity for an investor or owner-user to purchase a multifamily property located just above The Strand in Manhattan Beach, California. The property consists of a mix of (1) two-bed/one-bath & (1) one-bed/one-bath units. There is one 2-Car Garage on 36th Place and a shared private yard at the back of the property. A new owner can capitalize on the tight rental market and high rents in this neighborhood by fully upgrading and renovating the units to achieve top of the market rents. This is a pride of ownership property. Quality renovations and executing on a renovation strategy will allow you to unlock maximum upside. Upgrades may include a fully remodeled kitchen including top of the line stainless steel appliances, granite countertops, artistic styled flooring, and brand-new cabinetry. The opportunities are endless to realize maximum value in each unit. Rents at the high end of the range result in 126% upside potential. The bottom one-bed/one-bath unit is not current on rent, the top two-bed/one-bath unit is current on rent. Both tenants are month-to-month. There will be no showings or open houses. Please submit offers subject to interior inspection. We politely request that you do not disturb the tenants nor walk around the property.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-24T10:42:26.41. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.haciendagroupinc.com/homes/124447051
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120 36TH Pl Manhattan Beach, CA 90266

  • Price: $1,775,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 70 min ago
  • MLS #: 22-115695
3
Beds
0
Baths
0
½ Baths
0.03
Acres
1,260
SQFT
$1,409
$/SQFT
1927
Built
Neighborhood:
Manhattan Beach Sand
County:
Los Angeles
Area:
Manhattan Beach Sand
Property Description
This duplex is an opportunity for an investor or owner-user to purchase a multifamily property located just above The Strand in Manhattan Beach, California. The property consists of a mix of (1) two-bed/one-bath & (1) one-bed/one-bath units. There is one 2-Car Garage on 36th Place and a shared private yard at the back of the property. A new owner can capitalize on the tight rental market and high rents in this neighborhood by fully upgrading and renovating the units to achieve top of the market rents. This is a pride of ownership property. Quality renovations and executing on a renovation strategy will allow you to unlock maximum upside. Upgrades may include a fully remodeled kitchen including top of the line stainless steel appliances, granite countertops, artistic styled flooring, and brand-new cabinetry. The opportunities are endless to realize maximum value in each unit. Rents at the high end of the range result in 126% upside potential. The bottom one-bed/one-bath unit is not current on rent, the top two-bed/one-bath unit is current on rent. Both tenants are month-to-month. There will be no showings or open houses. Please submit offers subject to interior inspection. We politely request that you do not disturb the tenants nor walk around the property.
Exterior Features

Lot Description Back Yard Lot Size Area 1352 Other Structures None Parking Garage AttachedGarage - 2 Car Total Parking 2

Interior Features

Baths Total 2.00 Cooling Other Equipment Refrigerator Heating Other

Property Features

Assessed Total Value 128596 Gross Income 41160 Gross Operating Income 39925 Like Units1 1 Like Units2 1 Net Operating Income 17093.00 Number Of Buildings 1 Number Of Units 2 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 22832 Type Of Units Standard Year Built Source Vendor Enhanced Zoning Mnrh

Listing provided courtesy of David Harrington DRE#01320460 of Matthews Real Estate Investment Services.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-24T10:42:26.41. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Hacienda Agency Inc
77935 Calle Tampico # 201
La Quinta CA, 92253