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Listing 7 out of 164
$7,395,000 For Sale

424 20th
Manhattan Beach, CA 90266

3 units | Multi Family Home
5149 sq ft - MLS# SB19005221
Property Photo
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Description

Great investor opportunity to own a truly one-of-a-kind property in the Sand Section of Manhattan Beach. Sitting up high on a near double lot (rare 60 feet of prime walk street frontage), this property consists of a 3,600 sq ft 4 bedroom main house with (two) 2 bedroom and 2 bath income or guest homes. The property has been fully remodeled down to the studs with new HI-END EVERYTHING! No expense was spared on the development of this legal triplex. Each of the apartment style units is approximately 1,200 sq ft with a total combined sq ft of over 6,000 sq ft. There are nice ocean views from the top floors and a fabulous indoor outdoor upper level that surely will be the highlight of the parties! The main home features include 4 bedrooms all with their own baths and two half baths. There is an amazing top level living space with indoor outdoor vibe, full wet bar, and great ocean views. All of the units have Central Air Conditioning, security and sound systems, top of the line Thermadore stainless appliances, flat screen TV's throughout, washer and dryers, 7" wide plank oak floors, and more...The property boasts an incredible 12 legal parking spaces and has great views of the ocean, mountains, valley, Catalina, and Malibu. The location is near everything we love about Manhattan Beach. Just blocks to the shops and restaurants of downtown MB, parks, award winning Grandview elementary school, and the beach. There is nothing else like this at the beach. Must be seen to be appreciated

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 90266
  • Year Built: 1978
  • Units: 3 units
  • # of Parking Spaces: 4.00
  • Lot Size: 5149 sq ft
  • Area: 142 - Manhattan Bch Sand
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 6073.00
  • Building Area Units: Square Feet
  • Cap Rate: 2.90
  • Common Walls: 1 Common Wall
  • Community Features: Sidewalks
  • Country: US
  • Directions: Highland to 20th.
  • Garage Spaces: 4.00
  • Gardener Expense: 1500.00
  • Gross Income: 306000.00
  • Gross Multiplier: 24.00
  • Gross Scheduled Income: 306000.00
  • Insurance Expense: 4800.00
  • Laundry Features: Inside
  • Laundry YN: Yes
  • Listing Agent License: 01416145
  • Listing Office License: 01968431
  • Lot Features: Corner Lot
  • Lot Size Area: 5148.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 214755.00
  • New Taxes Expense: 81345.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 2
  • Operating Expense: 91245.00
  • Property Attached YN: Yes
  • Sewer: Public Sewer
  • Total Actual Rent: 10500.00
  • Total Expenses: 91245.00
  • Trash Expense: 1800.00
  • Water Sewer Expense: 1800.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Strand Hill Christies International Real Estate, Jeremy Shelton

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