520 Manhattan Beach Boulevard

Manhattan Beach, CA 90266

$2,760,000
Last Sold Price
4
Beds
4
Baths
2,128 Sq. Ft.
$1,297 / Sq. Ft.
2,128
Sq. Ft.
$1,297
per Sq. Ft.

Description

This fully vacant duplex is an opportunity for an investor or owner-user to purchase a multifamily property in the heart of Manhattan Beach, California. The property consists of a mix of (2) two-bed/two-bath units. Both units have an identical floorplan and boast a full kitchen, in-suite washer/dryer, wood-burning fireplace, balconies/patios with views of the ocean. Each unit has had Anderson glass doors installed in the back bedroom deck and the property has been newly painted. The ground floor...This fully vacant duplex is an opportunity for an investor or owner-user to purchase a multifamily property in the heart of Manhattan Beach, California. The property consists of a mix of (2) two-bed/two-bath units. Both units have an identical floorplan and boast a full kitchen, in-suite washer/dryer, wood-burning fireplace, balconies/patios with views of the ocean. Each unit has had Anderson glass doors installed in the back bedroom deck and the property has been newly painted. The ground floor has (2) large one-car garages with new doors and additional driveway space. The garages also have extra space for additional storage rooms.
  1. Listed by Nabil Awada • DRE #02046840 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services
  2. Listed by David Harrington • DRE #01320460 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services

Property Details for 520 Manhattan Beach Boulevard

Zoning
MNRH
Parcel Number
4170021002
Total Units
2.0
Living Area
2128
Source Living Area
Vendor Enhanced
Area
Manhattan Beach Hill (144)
Vacancy Rate
100
Lot Size Area
2493

Location

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

Sold By Charles Lew, Whitney Johnson, DRE #02109619

Add your commute
LISTING UPDATED: 04/28/2022 01:39 PM

Property Details for 520 Manhattan Beach Boulevard

StatusSold
MLS #21-790870
Days on Market160
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.06 AC / 2,493 SF
CountyLos Angeles County

Location

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

Sold By Charles Lew, Whitney Johnson, DRE #02109619

Add your commute

Building Information for 520 Manhattan Beach Boulevard

Stories3Residences-Year Built1960Building Size-Lot Size0.06 AC / 2,493 SF

Payment Calculator

$17,722 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,062

Property Taxes

$2,660

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 520 Manhattan Beach Boulevard

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Standard
  • View: Yes
  • View Description: Coastline, Ocean
  • View: Coastline, Ocean
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: $136,770
  • Net Operating Income: $99,786.00
  • Gross Income: $141,000
  • Cap Rate: 3.56%
  • Gross Rent Multiplier: $20.21
  • Total Annual Expense: 36984
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.0572
  • Lot Size Square Feet: 2493
Parking Details
Parking Details
  • Parking Garage: Attached, Driveway
  • Total Parking: 6
  • Open Other Spaces Total: 4
  • Garage Spaces Total: 2
  • Parking Features: Driveway
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-01-2021
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $6,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $5,750.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $326,070.00
  • Assessed Improvement Percent: 19.81
  • Assessed Land Value: $1,319,549.00
  • Assessed Land Percent: 80.19
  • Assessed Total Value: $1,645,619.00

Property History for 520 Manhattan Beach Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 520 Manhattan Beach Boulevard

Taxable ValueLand$2,346,000Additions$469,600Total$2,815,600
Tax Record2023$31,916 ($2,660 / month)
Home Facts
Total Finished SqFt2,128 SqFtAbove Grade Finished SqFt2,128 SqFtLot Size2,493 SqFtStyleDuplexYear Built1960ZoningMNRHCountyLOS ANGELESAPN4170-021-002

Schools near 520 Manhattan Beach Boulevard

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
Private - PK to 8
Rating
School
Distance
Opal Robinson Elementary School
PublicK to 5

Manhattan Beach Middle School
Public6 to 8

Mira Costa High School
Public9 to 12

American Martyrs School
PrivatePK to 8

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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Similar Sold 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 Matthews Real Estate Investment Services, Nabil Awada, DRE #02046840; Matthews Real Estate Investment Services, David Harrington, DRE #01320460

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.