119 40th Street
119 40th Street
$2,275,000
4
2
1,552
1,552
$1,466
Closed 5/30/24
Description
119 40th Street presents a rare opportunity in the Sand Section, less than a block from the beach. This duplex offers (2) 2-Bed/1-Bath units, each showcasing stunning ocean views from living rooms and balconies. The property also features a spacious (4) car garage w/ storage compartments + (2) driveway spots, plus the convenience of on-site laundry. Currently at 1.96% CAP with a 4.42% Market CAP, this property promises potential appreciation and rental upside with interior remodel. Short Term Rental...119 40th Street presents a rare opportunity in the Sand Section, less than a block from the beach. This duplex offers (2) 2-Bed/1-Bath units, each showcasing stunning ocean views from living rooms and balconies. The property also features a spacious (4) car garage w/ storage compartments + (2) driveway spots, plus the convenience of on-site laundry. Currently at 1.96% CAP with a 4.42% Market CAP, this property promises potential appreciation and rental upside with interior remodel. Short Term Rental Permits are also available for this property. According to Air DNA, the #1 platform for STR Data, The short- term yearly rental income is $196.5K. With its location, configuration, and upside - 119 40th St is an ideal asset for any Beach Cities investor or owner-user.
- Listed by Woody Stahl • DRE #01399621 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Est
- Listed by John Stiegler II • DRE #01981597 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 119 40th Street
View
Ocean
Parking Spaces Total6
Private PoolNo
Cooling TypeCentral Forced Air
Total Units2.0
Building TypeAttached
Lot Size SourceAssessor
Living Area1552
Location
LISTING UPDATED: 05/30/2024 07:37 AM
Property Details for 119 40th Street
Status | Closed |
---|---|
MLS # | PW24094707 |
Days on Market | 12 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Townhouse |
MLS Type | Residential Income |
Year Built | 1988 |
Lot Size | 0.03 AC / 1,353 SF |
County | Los Angeles County |
Location
Building Information for 119 40th Street
Stories1Residences-Year Built1988Building Size-Lot Size0.03 AC / 1,353 SF
Payment Calculator
$13,014 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 119 40th Street
Property History for 119 40th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 119 40th Street
Taxable ValueLand$242,935Additions$209,440Total$452,375
Tax Record2023$7,176 ($598 / month)
Home Facts
Total Finished SqFt1,552 SqFtAbove Grade Finished SqFt1,552 SqFtStories1Lot Size1,353 SqFtStyleDuplexYear Built1988ZoningMNRHCountyLOS ANGELESAPN4137-009-036
Schools near 119 40th 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 |
Rating | School | Distance |
---|---|---|
Grand View Elementary School PublicK to 5 | ||
Manhattan Beach Middle School Public6 to 8 | ||
Mira Costa High School Public9 to 12 |
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.
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