1220 Manhattan Beach Boulevard

Manhattan Beach, CA 90266

$2,400,000
Price
6
Beds
5
Baths
2,840 Sq. Ft.
$845 / Sq. Ft.
2,840
Sq. Ft.
$845
per Sq. Ft.

Description

First time on the market for sale in over 40 years! Centrally located in the heart of Manhattan Beach, this property benefits from proximity to major employment centers, transportation hubs, and recreational amenities. The area boasts a strong rental market with historically low vacancy rates, making this a prime asset with a compelling blend of stability and growth potential. The single-story building offers a variety of units, including a luxurious 2-bed, 2-bath unit with a den and high-end finishes,...First time on the market for sale in over 40 years! Centrally located in the heart of Manhattan Beach, this property benefits from proximity to major employment centers, transportation hubs, and recreational amenities. The area boasts a strong rental market with historically low vacancy rates, making this a prime asset with a compelling blend of stability and growth potential. The single-story building offers a variety of units, including a luxurious 2-bed, 2-bath unit with a den and high-end finishes, featuring a private yard that can serve as an owner's unit. Additionally, there is a 2-bed, 1-bath unit with its own private yard and two 1-bed, 1-bath units. All units are equipped with in-unit laundry facilities, providing modern convenience for tenants. The property is separately metered for gas and electricity, ensuring efficiency and control over utilities. With four one-car garages, this property caters to the parking needs of its residents.

1220 Manhattan Beach Blvd is more than just an investment; it's a chance to become part of a thriving community and leverage the dynamic lifestyle that this location offers. Positioned strategically, this property lets you take advantage of the constant demand for housing fueled by nearby employment centers, all while enjoying the luxurious coastal living that makes Manhattan Beach highly desirable. Investors will appreciate the property's steady rental income, potential for appreciation in value, and the long-term stability of this robust and resilient market. Seize the opportunity to be a part of the Manhattan Beach real estate success story and reap the numerous benefits it can add to your investment portfolio.
  1. Listed by Christopher Van Vuuren • DRE #02060007 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 714-655-0098
  2. Listed by Sergey Evangelista • DRE #02043828 • Brokerage DRE #00527439 • Century 21 Union Realty

Property Details for 1220 Manhattan Beach Boulevard

Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2840
Assessor Parcel Number
4167-015-008
Property Attached YN
false
LISTING UPDATED: 11/01/2024 02:29 AM

Property Details for 1220 Manhattan Beach Boulevard

StatusActive
MLS #SB24119431
Days on Market147
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
CountyLos Angeles County

Building Information for 1220 Manhattan Beach Boulevard

Building/Complex1220 Manhattan Beach BlvdFloor-Stories1Residences-Pet Policy-Year Built1957Building Size-

Property Information for 1220 Manhattan Beach Boulevard

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $139,006
  • Gross Scheduled Income: $139,006
  • Net Operating Income: $104,237
Expense Details
  • Operating Expense: $34,769
  • New Taxes Expense: $26,703
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,466
  • Maintenance Expense: $2,400
  • Other Expense: $3,200
  • Other Expense Description: Utility
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $34,769
Tax / Assessment Info
  • Tax Block: 1
  • Tax Tract Number: 142
  • Tax Census Tract: 6208.02
  • CFD/Mello-Roos Fee: $899
  • Tax Lot: 8
Community / Development
Community / Development
  • Community Features: Curbs, Gutters
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: side
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,450
  • Unit Type Total Rent: $2,450
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,138
  • Unit Type Total Rent: $4,138
  • Unit Type Pro Forma: 4350
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,600
  • Unit Type Total Rent: $2,600
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,936
  • Unit Type Total Rent: $2,936
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 1220 Manhattan Beach Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1220 Manhattan Beach Boulevard

Taxable ValueLand$191,738Additions$150,156Total$341,894
Tax Record2024$4,891 ($408 / month)
Home Facts
Total Finished SqFt2,840 SqFtAbove Grade Finished SqFt2,840 SqFtLot Size5,056 SqFtStyleQuadraplexYear Built1957ZoningMNRHCountyLOS ANGELESAPN4167-015-008

Schools near 1220 Manhattan Beach Boulevard

This home is within Manhattan Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - 6 to 12
Rating
School
Distance
Meadows Avenue Elementary School
PublicK to 5

Manhattan Beach Middle School
Public6 to 8

Mira Costa High School
Public9 to 12

Beach Cities Learning Center
Private6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1220 Manhattan Beach Boulevard is a multi-family home for sale in Manhattan Beach, CA 90266. This property was listed for sale on June 11, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $2,400,000. This listing's school district is Manhattan Beach Unified School District. Nearby schools include Meadows Avenue Elementary School, Manhattan Beach Middle School and Mira Costa High School. 1220 Manhattan Beach Boulevard is a 6-bed, 5-bath, 2,840 sqft multi-family home built in 1957.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Christopher Van Vuuren, DRE #02060007; Century 21 Union Realty, Sergey Evangelista, DRE #02043828

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.