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CA > Manhattan Beach
Manhattan Beach, CA 90266,1400 15th ST
Manhattan Beach, CA 90266,1400 15th ST
Manhattan Beach, CA 90266,1400 15th ST
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Devone Richard

Devone Richard

Next Real Estate Advisors,INC

+1(626) 500-1212
$2,550,000
Est. payment /mo
7,466 Sqft Lot
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UPDATED:

02/23/2025 02:25 AM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25034625

HOA Y/N No

Year Built 1958

Lot Size 7,466 Sqft

Property Sub-Type Duplex

Property Description

Presenting this exceptional duplex located on a rare and highly desirable corner lot in East Manhattan Beach, just over a mile from the beach. This property offers tremendous long-term income potential and exciting development possibilities. Featuring two updated and turnkey 3-bedroom, 2-bathroom units, it also includes a detached 2-car garage with Sunroom, a spacious driveway that can accommodate up to 3 additional vehicles, with spacious lot to potentially add ADU and JADU. With 2,600 sq. ft. of living space on a nearly 7,500 sq. ft. lot, this property presents a solid investment opportunity with projected annual income of $115,000 and a 4.1% cap rate. Nestled in a prime, sought-after neighborhood, residents will enjoy proximity to top-rated schools such as Meadows Avenue Elementary, Manhattan Beach Middle School, and the popular Polliwog Park—all just a short walk away. This property is an excellent opportunity for investors looking to leverage the strong rental market, potential for value-added development, and the long-term appreciation prospects of the Manhattan Beach Market.

Location

State CA

County Los Angeles

Area 146 - Manhattan Bch Heights/Lib Vlg

Zoning MNRM

Interior

Heating Central

Cooling None

Fireplaces Type None

Fireplace No

Laundry Laundry Closet

Exterior

Parking Features Off Street, Tandem, Uncovered

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Suburban

View Y/N Yes

View City Lights

Total Parking Spaces 6

Private Pool No

Building

Lot Description Corner Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4166008020

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional

Special Listing Condition Trust

Read Less Info
California Regional MLS (CRMLS)
Listed by Patrick Sweeney • The CREM Group • 949-973-6290
agent
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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