3216 Manhattan Avenue

    Manhattan Beach, CA 90266
    • $5,500,000
    • STATUS: Active
    • ON SITE: 66 days
    • ID#: SB18221113
    UPDATED: 75 min ago
    $5,500,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,191
      SQFT
    • $1,312
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1973
    County:

    School Ratings & Info

    Description

    3214-3216 Manhattan Ave is a highly sought-after 4-unit building located a block from the beach. The building boasts a large living area consisting of 4,191 square feet (BOMA). There is an additional 401.9 square feet of residential common area space (building storage, laundry room, and stairs), as well as 1,624 square feet of enclosed garage space and 949 square feet of balconies and decks (BOMA). The unit mix consists of (1) 3-bed/2-bath unit and (3) 2-bed/ 2-bath units. The building features 9 garages (totaling 1,624), 1,000 square feet of private balcony space, and big ocean views from the second and third floor! There is an Immediate development opportunity to build (2) $5M townhomes with a maximum floor area of 5,945.64 square feet (buyer to verify).

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T09:31:14.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/87391538

    3216 Manhattan Avenue Manhattan Beach, CA 90266

    • Price: $5,500,000
    • Status: Active
    • Updated: 75 min ago
    • ID#: SB18221113
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    4,191
    SQFT
    $1,312
    $/SQFT
    1973
    Built
    Neighborhood:
    142 - Manhattan Bch Sand
    County:
    Los Angeles
    Area:
    142 - Manhattan Bch Sand
    Property Description
    3214-3216 Manhattan Ave is a highly sought-after 4-unit building located a block from the beach. The building boasts a large living area consisting of 4,191 square feet (BOMA). There is an additional 401.9 square feet of residential common area space (building storage, laundry room, and stairs), as well as 1,624 square feet of enclosed garage space and 949 square feet of balconies and decks (BOMA). The unit mix consists of (1) 3-bed/2-bath unit and (3) 2-bed/ 2-bath units. The building features 9 garages (totaling 1,624), 1,000 square feet of private balcony space, and big ocean views from the second and third floor! There is an Immediate development opportunity to build (2) $5M townhomes with a maximum floor area of 5,945.64 square feet (buyer to verify).
    Exterior Features

    Garage Spaces 9.00 Lot Features No Landscaping Lot Size Source Assessor Lot Size Units Square Feet Parking Total 9.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.15 Community Features CurbsGuttersSidewalksStorm DrainsStreet Lighting Country Us Electric Expense 800.00 Elevation Units Feet Fuel Expense 800.00 Gross Income 255600.00 Gross Multiplier 21.52 Gross Operating Income 247932.00 Gross Scheduled Income 255600.00 Insurance Expense 1676.00 Land Lease YN No Laundry YN Yes Maintenance Expense 7668.00 Net Operating Income 173075.00 New Construction YN No New Taxes Expense 62312.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 74857.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 74857.00 Trash Expense 800.00 Vacancy Allowance 7668 Water Sewer Expense 800.00 Water Source Public Year Built Source Assessor Zoning Mnrh

    Listing provided courtesy of J.Woody Stahl of Lyon Stahl Investment Real Estate, Inc. and Brett Lyon of Lyon Stahl Investment Real Estate, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T09:31:14.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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