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3216 Manhattan Ave

Manhattan Beach, CA 90266
  • $6,400,000
  • STATUS: Active
  • ON SITE: 48 days
  • MLS #: 21-727318
UPDATED: 83 min ago
$6,400,000
  • 9
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,144
    SQFT
  • $1,544
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1973
County:

School Ratings & Info

Description

$200,000 Price Improvement!! Current Bank of America debt quotes on this deal make it cash flow on day 1 owner/user or not! Can achieve 10 year IO with rates in the high 2%- low 3% range - 30 year term fixed rate. Prime Manhattan Beach location. All four units have ocean views and three bedroom unit has a tremendous rooftop deck. Overparked building one block from the beach! Room to add value into this deal - two of the units haven't been touched.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-22T12:42:54.713. 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.
www.searchdesertrealestate.com/homes/116767072
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3216 Manhattan Ave Manhattan Beach, CA 90266

  • Price: $6,400,000
  • Status: Active
  • Updated: 83 min ago
  • MLS #: 21-727318
9
Beds
0
Baths
0
½ Baths
0.08
Acres
4,144
SQFT
$1,544
$/SQFT
1973
Built
Neighborhood:
Manhattan Beach Sand
County:
Los Angeles
Area:
Manhattan Beach Sand
Property Description
$200,000 Price Improvement!! Current Bank of America debt quotes on this deal make it cash flow on day 1 owner/user or not! Can achieve 10 year IO with rates in the high 2%- low 3% range - 30 year term fixed rate. Prime Manhattan Beach location. All four units have ocean views and three bedroom unit has a tremendous rooftop deck. Overparked building one block from the beach! Room to add value into this deal - two of the units haven't been touched.
Exterior Features

Lot Size Area 3497 Other Structures None Parking Garage Covered ParkingGarage Total Parking 12

Interior Features

Baths Total 8.00 Cooling Other Equipment Other Heating Other Laundry In UnitCommunity Laundry Equipment Own

Property Features

Assessed Total Value 5202000 Gross Income 265640 Gross Operating Income 257686 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 173517.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 81169 Type Of Units Mixed Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Mnrh

Listing provided courtesy of John Katnik DRE#02002695 of James Capital Advisors, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-22T12:42:54.713. 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.
 
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74996 Highway 111
Indian Wells CA, 92210