Turn Key Ocean View Modern Trophy Building in the prime Sand Section of Manhattan Beach! Generating $19,663 monthly, NOI of $158,6568, Cap Rate of 4.12%. Some upside in long term rents possible and this building lies within the MB Coastal Zone where lucrative short term rentals are legal. Walking… Read More to the beach, and the best restaurants, cafes, yoga studios, and trendy boutiques North MB has to offer. Taken down to studs, re-imagined by renowned Michael Lee Architects, extensively renovated inside and out. Exquisite attention to detail, pride of ownership w/ no money spared procuring designer luxury modern fixtures and finishes throughout. Owners Penthouse has rented to professional athletes and noteworthy celebs. Live in the owners unit, have other units pay your mortgage or rent them all and enjoy incredible cash flow! All luxury apartments appointed w/ brand new modern open kitchens w/ islands, custom closets, hardwood floors, recessed LED lighting, flat screen TVs and Sonos. Step into lucrative fully occupied rentals cash flowing immediately! Solar system owned. All units have private laundry. 4 modern private garages with storage and EV charging stations. 8 additional coveted parking spaces! MB income properties this turn key with modern designer finishes, incredible parking, and an ocean view owners penthouse unit rivaling most Sand Section townhomes are a truly rare find! Possible value add addition. Inquire for current rent roll and building financials. Read Less
Courtesy of Vista Sotheby's International Realty 310-546-7611
Listing Snapshot
Days Online
27
Last Updated
Property Type
Other
Beds
6
Square Ft.
2,663
Lot Size
0.07 Acres
Year Built
1966
MLS Number
26830069
30 Days Snapshot Of 90266
$7.50M
0%
(avg) sold price
0
-100%
homes sold
25
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Barbeque", "Garbage Disposal", "Freezer", "Dryer", "Dishwasher", "Ceiling Fan", "Microwave", "Water Line to Refrigerator", "Washer", "Solar Panels", "Refrigerator", "Range/Oven"
Building
2,663 sq ft, Built in 1966, Levels: "Multi Levels", "Modern"
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