120 36th Place

Manhattan Beach, CA 90266

$1,850,000
Last Sold Price
3
Beds
2
Baths
1,260 Sq. Ft.
$1,468 / Sq. Ft.
1,260
Sq. Ft.
$1,468
per Sq. Ft.

Description

This duplex is an opportunity for an investor or owner-user to purchase a multifamily property located just above The Strand in Manhattan Beach, California. The property consists of a mix of (1) two-bed/one-bath & (1) one-bed/one-bath units. There is one 2-Car Garage on 36th Place and a shared private yard at the back of the property. A new owner can capitalize on the tight rental market and high rents in this neighborhood by fully upgrading and renovating the units to achieve top of the market rents....This duplex is an opportunity for an investor or owner-user to purchase a multifamily property located just above The Strand in Manhattan Beach, California. The property consists of a mix of (1) two-bed/one-bath & (1) one-bed/one-bath units. There is one 2-Car Garage on 36th Place and a shared private yard at the back of the property. A new owner can capitalize on the tight rental market and high rents in this neighborhood by fully upgrading and renovating the units to achieve top of the market rents. This is a pride of ownership property. Quality renovations and executing on a renovation strategy will allow you to unlock maximum upside. Upgrades may include a fully remodeled kitchen including top of the line stainless steel appliances, granite countertops, artistic styled flooring, and brand-new cabinetry. The opportunities are endless to realize maximum value in each unit. Rents at the high end of the range result in 126% upside potential. The bottom one-bed/one-bath unit is not current on rent, the top two-bed/one-bath unit is current on rent. Both tenants are month-to-month. There will be no showings or open houses. Please submit offers subject to interior inspection. We politely request that you do not disturb the tenants nor walk around the property.
  1. Listed by David Harrington • DRE #01320460 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services
  2. Listed by Nabil Awada • DRE #02046840 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services

Property Details for 120 36th Place

Zoning
MNRH
Parcel Number
4175026016
Total Units
2.0
Living Area
1260
Source Living Area
Vendor Enhanced
Area
Manhattan Beach Sand (142)
Vacancy Rate
0
Lot Size Area
1352

Location

Listing Courtesy of Matthews Real Estate Investment Services, David Harrington, DRE #01320460; Matthews Real Estate Investment Services, Nabil Awada, DRE #02046840

Sold By Corcoran Global Living, Robert Freedman, DRE #00711607; Corcoran Global Living, Greg Geilman, DRE #01788567

Add your commute
LISTING UPDATED: 03/15/2022 02:28 PM

Property Details for 120 36th Place

StatusSold
MLS #22-115695
Days on Market23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1927
Lot Size0.03 AC / 1,352 SF
CountyLos Angeles County

Location

Listing Courtesy of Matthews Real Estate Investment Services, David Harrington, DRE #01320460; Matthews Real Estate Investment Services, Nabil Awada, DRE #02046840

Sold By Corcoran Global Living, Robert Freedman, DRE #00711607; Corcoran Global Living, Greg Geilman, DRE #01788567

Add your commute

Building Information for 120 36th Place

Stories2Residences-Year Built1927Building Size-Lot Size0.03 AC / 1,352 SF

Payment Calculator

$11,887 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,096

Property Taxes

$1,791

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 120 36th Place

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Standard
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $39,925
  • Net Operating Income: $17,093.00
  • Gross Income: $41,160
  • Cap Rate: .96%
  • Gross Rent Multiplier: $43.12
  • Total Annual Expense: 22832
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.031
  • Lot Size Square Feet: 1352
  • Lot Features: Back Yard
  • Lot Description: Back Yard
Parking Details
Parking Details
  • Parking Garage: Attached, Garage - 2 Car
  • Total Parking: 2
  • Garage Spaces Total: 2
  • Parking Features: Garage - Two Door
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Refrigerator
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-04-2022
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,890.00
  • Unit Actual Rent: $1,890.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,540.00
  • Unit Actual Rent: $1,540.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $32,362.00
  • Assessed Improvement Percent: 25.17
  • Assessed Land Value: $96,234.00
  • Assessed Land Percent: 74.83
  • Assessed Total Value: $128,596.00

Property History for 120 36th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 120 36th Place

Taxable ValueLand$1,836,000Additions$51,240Total$1,887,240
Tax Record2023$21,487 ($1,791 / month)
Home Facts
Total Finished SqFt1,260 SqFtAbove Grade Finished SqFt1,260 SqFtLot Size1,352 SqFtStyleDuplexYear Built1927ZoningMNRHCountyLOS ANGELESAPN4175-026-016

Schools near 120 36th Place

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Matthews Real Estate Investment Services, David Harrington, DRE #01320460; Matthews Real Estate Investment Services, Nabil Awada, DRE #02046840

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.