424 20th

    Manhattan Beach, CA 90266
    • $7,395,000
    • STATUS: Active
    • ON SITE: 12 days
    • ID#: SB19005221
    $7,395,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,073
      SQFT
    • $1,218
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1978
    County:

    School Ratings & Info

    Description

    Great investor opportunity to own a truly one-of-a-kind property in the Sand Section of Manhattan Beach. Sitting up high on a near double lot (rare 60 feet of prime walk street frontage), this property consists of a 3,600 sq ft 4 bedroom main house with (two) 2 bedroom and 2 bath income or guest homes. The property has been fully remodeled down to the studs with new HI-END EVERYTHING! No expense was spared on the development of this legal triplex. Each of the apartment style units is approximately 1,200 sq ft with a total combined sq ft of over 6,000 sq ft. There are nice ocean views from the top floors and a fabulous indoor outdoor upper level that surely will be the highlight of the parties! The main home features include 4 bedrooms all with their own baths and two half baths. There is an amazing top level living space with indoor outdoor vibe, full wet bar, and great ocean views. All of the units have Central Air Conditioning, security and sound systems, top of the line Thermadore stainless appliances, flat screen TV's throughout, washer and dryers, 7" wide plank oak floors, and more...The property boasts an incredible 12 legal parking spaces and has great views of the ocean, mountains, valley, Catalina, and Malibu. The location is near everything we love about Manhattan Beach. Just blocks to the shops and restaurants of downtown MB, parks, award winning Grandview elementary school, and the beach. There is nothing else like this at the beach. Must be seen to be appreciated

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-01-23T00:30:36.58. 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.sellinglasouthbay.com/homes/90756535

    424 20th Manhattan Beach, CA 90266

    • Price: $7,395,000
    • Status: Active
    • ID#: SB19005221
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    6,073
    SQFT
    $1,218
    $/SQFT
    1978
    Built
    Neighborhood:
    142 - Manhattan Bch Sand
    County:
    Los Angeles
    Area:
    142 - Manhattan Bch Sand
    Property Description
    Great investor opportunity to own a truly one-of-a-kind property in the Sand Section of Manhattan Beach. Sitting up high on a near double lot (rare 60 feet of prime walk street frontage), this property consists of a 3,600 sq ft 4 bedroom main house with (two) 2 bedroom and 2 bath income or guest homes. The property has been fully remodeled down to the studs with new HI-END EVERYTHING! No expense was spared on the development of this legal triplex. Each of the apartment style units is approximately 1,200 sq ft with a total combined sq ft of over 6,000 sq ft. There are nice ocean views from the top floors and a fabulous indoor outdoor upper level that surely will be the highlight of the parties! The main home features include 4 bedrooms all with their own baths and two half baths. There is an amazing top level living space with indoor outdoor vibe, full wet bar, and great ocean views. All of the units have Central Air Conditioning, security and sound systems, top of the line Thermadore stainless appliances, flat screen TV's throughout, washer and dryers, 7" wide plank oak floors, and more...The property boasts an incredible 12 legal parking spaces and has great views of the ocean, mountains, valley, Catalina, and Malibu. The location is near everything we love about Manhattan Beach. Just blocks to the shops and restaurants of downtown MB, parks, award winning Grandview elementary school, and the beach. There is nothing else like this at the beach. Must be seen to be appreciated
    Exterior Features

    Garage Spaces 4.00 Lot Features Corner Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN Yes

    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 1 Common Wall Laundry Features Inside

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 2.40 Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 2400.00 Gross Income 288000.00 Gross Multiplier 27.00 Gross Scheduled Income 288000.00 Insurance Expense 4800.00 Land Lease YN No Laundry YN Yes Net Operating Income 190000.00 New Construction YN No New Taxes Expense 87450.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Operating Expense 96000.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 98850.00 Trash Expense 2400.00 Water Sewer Expense 1800.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Jeremy Shelton of Strand Hill Christies International Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-01-23T00:30:36.58. 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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