126 El Porto Street

Manhattan Beach, CA 90266

$2,275,000
Last Sold Price
4
Beds
4
Baths
1,684 Sq. Ft.
$1,351 / Sq. Ft.
1,684
Sq. Ft.
$1,351
per Sq. Ft.

Description

This highly demanded ocean view duplex is well-positioned to the beach, shopping, and restaurants in North Manhattan Beach. Built in 1991, the property is well-maintained and features a 30’ x 47.5’ oversized lot, (2) two-bedroom & two-bathroom units, and a 4-car garage.  The top unit is meticulously updated and can be delivered fully furnished for additional $. It previously rented for $6,500/mo. as corporate housing. Each unit has its own water heater, furnace, laundry facilities, and is separately...This highly demanded ocean view duplex is well-positioned to the beach, shopping, and restaurants in North Manhattan Beach. Built in 1991, the property is well-maintained and features a 30’ x 47.5’ oversized lot, (2) two-bedroom & two-bathroom units, and a 4-car garage.  The top unit is meticulously updated and can be delivered fully furnished for additional $. It previously rented for $6,500/mo. as corporate housing. Each unit has its own water heater, furnace, laundry facilities, and is separately metered for gas and electricity. This turn-key investment is a great owner-user option or can easily produce a 4% return to an investor with minimal maintenance. The owner has already paid the city fees for the ongoing undergrounding of the overhead wires.
  1. Listed by J.Woody Stahl • DRE #01399621 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by Brett Lyon • DRE #01717818 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 126 El Porto Street

View
Ocean
Parking Spaces Total
4
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1684

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., J.Woody Stahl, DRE #01399621; Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818

Sold By Lyon Stahl Investment Real Estate, Inc., Julie Lyon, DRE #01717819

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LISTING UPDATED: 03/21/2023 08:04 AM

Property Details for 126 El Porto Street

StatusClosed
MLS #SB21009548
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential
Year Built1991
Lot Size0.03 AC / 1,434 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., J.Woody Stahl, DRE #01399621; Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818

Sold By Lyon Stahl Investment Real Estate, Inc., Julie Lyon, DRE #01717819

Add your commute

Building Information for 126 El Porto Street

Stories2Residences-Year Built1991Building Size-Lot Size0.03 AC / 1,434 SF

Payment Calculator

$14,647 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,416

Property Taxes

$2,231

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 126 El Porto Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $115,236
  • Gross Scheduled Income: $118,800
  • Gross Operating Income: $115,236
  • Net Operating Income: $82,595
  • Gross Multiplier: 18.94
  • Cap Rate: 3.76
  • Financing: Cash
Expense Details
  • Operating Expense: $30,541
  • New Taxes Expense: $25,682
  • Gardener Expense: $0
  • Insurance Expense: $2,100
  • Maintenance Expense: $1,163
  • Other Expense: $1,596
  • Other Expense Description: Utility
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $30,541
Tax / Assessment Info
  • Tax Area: 3710
  • Tax Block: 2
  • Tax Tract: 4103
  • Tax Tract Number: 4103
  • Tax Census Tract: 6202.01
  • Tax Lot: 24
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Freezer, Gas Oven, Gas Range, Ice Maker
  • Equipment: Dishwasher, Freezer, Gas Oven, Ice Maker, Gas Range
  • Room Type: Kitchen, Living Room, Master Bathroom, Master Bedroom
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Room Bathroom Features: Shower in Tub
  • Bedroom Features: Master Bedroom
  • Laundry: Yes
  • Laundry Features: In Garage
  • Laundry Location: Garage
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Fireplace: FP in Living Room
  • Cooling: None
  • Heating Type: Forced Air
  • Heating: Forced Air, Fireplace(s)
  • Heat Equipment: Fireplace, Forced Air Unit
Exterior Features
  • Structure Type: Duplex
  • Property Condition: Turnkey
  • View Description: Ocean
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Sign on Property: No
  • Lot Features: Paved
  • Lease Considered: No
  • Number Of Units: 2
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Garage
  • Parking Garage Spaces: 4
  • Parking Garage: Garage - Two Door
  • Carport Spaces: 0
  • Attached Garage: Yes
  • Parking Features: Garage - Two Door
Property / Structure Info
  • Residential Styles: Townhome
  • Residential Unit Location: No Common Walls
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $6,500
  • Unit Type Total Rent: $6,500
  • Unit Type Pro Forma: 6500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,400
  • Unit Type Total Rent: $3,400
  • Unit Type Pro Forma: 4500
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 1
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 126 El Porto Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 126 El Porto Street

Taxable ValueLand$1,647,993Additions$718,916Total$2,366,909
Tax Record2023$26,773 ($2,231 / month)
Home Facts
Total Finished SqFt1,508 SqFtAbove Grade Finished SqFt1,508 SqFtStories2Lot Size1,434 SqFtStyleDuplexYear Built1991ZoningMNRHCountyLOS ANGELESAPN4137-010-040

Schools near 126 El Porto 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.

Similar Homes

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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 Lyon Stahl Investment Real Estate, Inc., J.Woody Stahl, DRE #01399621; Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818

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.