324 23rd Street

Manhattan Beach, CA 90266

$3,199,000
Price
5
Beds
4
Baths
2,748 Sq. Ft.
$1,164 / Sq. Ft.
2,748
Sq. Ft.
$1,164
per Sq. Ft.

Description

Terrific Investment opportunity located in the coveted sand section of Manhattan Beach. Just 5 short blocks to the beautiful Pacific Ocean. This charming street-to-alley detached duplex features a unique 1,140 sq. Ft., 2 bedroom, 2 bathroom unit in the front (324-23rd Street) and a large 1,608 sq. Ft., 3 bedroom, 2 bathroom unit in the back (325 Marine Place). The back unit was remodeled in 2014. Upgrades include a remodeled kitchen with quartz counter tops and stainless steel appliance, upgraded...Terrific Investment opportunity located in the coveted sand section of Manhattan Beach. Just 5 short blocks to the beautiful Pacific Ocean. This charming street-to-alley detached duplex features a unique 1,140 sq. Ft., 2 bedroom, 2 bathroom unit in the front (324-23rd Street) and a large 1,608 sq. Ft., 3 bedroom, 2 bathroom unit in the back (325 Marine Place). The back unit was remodeled in 2014. Upgrades include a remodeled kitchen with quartz counter tops and stainless steel appliance, upgraded bathrooms, and bamboo flooring. The front unit is a fun beach cottage with 2 fireplaces and vaulted ceilings in the living room. Both units come with their own laundry hook ups. New roofs were installed on both units in 2020. As an investment there is tremendous potential. You could potentially build a large single family residence with an ADU. Buyer to check with the City of Manhattan Beach about what can and can’t be developed on this lot. Another option is to keep this well-maintained property as a long-term rental investment. Close to Grand View Elementary, Live Oak Park and Downtown Manhattan Beach.
  1. Listed by Christopher Teer • DRE #01756396 • Brokerage DRE #01922362 • Vista Sotheby’s International Realty • 310-251-7192

Property Details for 324 23rd Street

Architectural Style
Bungalow
View
Peek-A-Boo
Parking Spaces Total
4
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
LISTING UPDATED: 09/04/2024 02:43 AM

Property Details for 324 23rd Street

StatusActive
MLS #SB24164117
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1939
Lot Size0.06 AC / 2,688 SF
CountyLos Angeles County

Building Information for 324 23rd Street

Stories2Residences-Year Built1939Building Size-Lot Size0.06 AC / 2,688 SF

Property Information for 324 23rd Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $92,400
  • Gross Scheduled Income: $92,400
  • Net Operating Income: $45,793
Expense Details
  • Operating Expense: $46,607
  • New Taxes Expense: $39,987
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,000
  • Maintenance Expense: $1,500
  • Trash Expense: $1,200
  • Water Sewer Expense: $1,920
  • Total Expenses: $45,607
Tax / Assessment Info
  • Tax Block: 17
  • Tax Tract Number: 6174
  • Tax Census Tract: 6203.05
  • CFD/Mello-Roos Fee: $746
  • Tax Lot: 2
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range
  • Equipment: Dishwasher, Garage, Room
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • Security: Security Bars
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Composition, Tar/Gravel
  • Entry Location: Street
  • Foundation Details: Raised, Slab
  • Property Condition: Turnkey
  • View Description: Peek-A-Boo
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: Alley, City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Driveway, Garage
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Driveway, Garage, Garage Faces Front, Garage Faces Rear
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,200
  • Unit Type Total Rent: $3,200
  • Unit Type Pro Forma: 4400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $4,500
  • Unit Type Total Rent: $4,500
  • Unit Type Pro Forma: 7900
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 0
  • Number With Range: 2
  • Number With Refrigerator: 2

Property History for 324 23rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 324 23rd Street

Taxable ValueLand$120,632Additions$103,322Total$223,954
Tax Record2023$3,188 ($266 / month)
Home Facts
Total Finished SqFt2,748 SqFtAbove Grade Finished SqFt2,748 SqFtLot Size2,688 SqFtStyleDuplexYear Built1939ZoningMNRMCountyLOS ANGELESAPN4177-018-002

Schools near 324 23rd Street

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 - PK to 8
Rating
School
Distance
Grand View Elementary School
PublicK to 5

Manhattan Beach Middle School
Public6 to 8

Mira Costa High School
Public9 to 12

American Martyrs School
PrivatePK to 8

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

324 23rd Street is a multi-family home for sale in Manhattan Beach, CA 90266. This property was listed for sale on August 2, 2024 by Vista Sotheby’s International Realty, it's currently listed at $3,199,000. This listing's school district is Manhattan Beach Unified School District. Nearby schools include Grand View Elementary School, Manhattan Beach Middle School and Mira Costa High School. 324 23rd Street is a 5-bed, 4-bath, 2,748 sqft multi-family home built in 1939.

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 Vista Sotheby’s International Realty, Christopher Teer, DRE #01756396

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.