217 11th Street
Manhattan Beach, California CA 90266-5465
Price: $4,000,000
Est. Monthly Payment: $17,178.29 See Details
Listing ID SB17121968 Status Active 2,866 Square Feet 0.060 Acres

Property Description:

Amazing Downtown Manhattan Beach Sand Section 4-Unit Multi Family Income Property... Live in one unit and rent out the others! It's also zoned high density so you could choose to build two new construction townhomes or a single family residence! Ocean views from the top floors, and only steps to the Sun, Surf, Sand & The Strand! There are two separate structures that each have their own two units. It's *like* having two duplexes on the same lot. Units are as follows: (2) 2 bed, 2 baths on the top floors with ocean views. (2) 1 bed, 1 bath on the ground level. Each building has garage space for 3 cars and there's an additional 3 off-street parking spaces, so enough parking for 9 cars! This property is truly unique and likely won't last long on the market!
{"zipcode": "90266", "price": "4000000"}
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Primary

Listing ID: SB17121968
Number Of Units Total: 4
Current Price: 4000000
Cap Rate: 1.55
Lot Size Square Feet: 2701.00
Acres: 0.060
Zoning: MNRH
Year Built: 1970
Price Per Square Foot: 1395.67
Gross Scheduled Income: 123900
View: Ocean, Panoramic, Peek-A-Boo, Water, White Water
Rent Control YN: no

Financial

Gross Income: 123900
Total Actual Rent: 10325
New Taxes Expense: 50000
Insurance Expense: 840
Operating Expense: 62000.00
Water Sewer Expense: 1807
Electric Expense: 1039
Total Expenses: 62000
Net Operating Income: 61900
Pest Control Expense: 45
Tenant Pays: See Remarks

Interior

Common Walls: 2+ Common Walls
Cooling YN: no
Flooring: Carpet, Tile
Garage Spaces: 6.00
Heating YN: yes
Levels: Two

External

Number Of Buildings: 2
Parking Features: Garage, On Site, Off Site
Parking Total: 9.00
Parking YN: yes
Pool Features: None
Pool Private YN: no
Uncovered Spaces: 3
View YN: yes

Location

MLS Area Major: 142 - Manhattan Bch Sand
Postal Code: 90266
Latitude: 33.884245000000
Longitude: -118.409844000000

Additional

Association YN: no
Cooling: None
Community Features: Suburban
Heating: Forced Air
Land Lease YN: no
Laundry YN: yes
Lot Size Source: Assessor
Number Of Separate Electric Meters: 3
Number Of Separate Gas Meters: 3
Number Of Separate Water Meters: 1
Number Of Units Leased: 4
Year Built Source: Assessor
Water Source: Public
Utilities: Sewer Connected, Water Connected
Tax Tract Number: 060376
Tax Lot: 7
Senior Community YN: no
Property Condition: Additions/Alterations, Fixer, Repairs Cosmetic, Updated/Remodeled
Parcel Number: 4179020003
Property Attached YN: yes
Number With Refrigerator: 4
Number With Range: 4

Zoning Info


Based on information from California Regional Multiple Listing Service, Inc. as of Sunday, July 23rd, 2017 and /or other sources. 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. Listing courtesy of Keller Williams Beach Cities.

Contact - Listing ID SB17121968

Allden Investments

701 Calle de Arboles
Redondo Beach, CA 90277
Phone: (310) 791-6316
Phone Alt: (310) 766-5742
Fax: (310) 861-0193

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