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.
Sold for $2,275,000
Listing Provided by: Lyon Stahl Investment Real Est
Bought with: Lyon Stahl Investment Real Est
$2,275,000
119 40th St, Manhattan Beach, CA 90266
4beds
1,552sqft
Duplex
Built in 1988
1,353 Square Feet Lot
$2,533,500 Zestimate®
$1,466/sqft
$7,013 Estimated rent
Home value
$2,533,500
$2.23M - $2.91M
$7,013/mo
Zestimate® history
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$7,013/mo
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$14,508/mo
Est. payment
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Zillow last checked:
Listing updated:
Listing Provided by:
Woody Stahl DRE #01399621 310-425-9838,
Lyon Stahl Investment Real Est,
John Stiegler II DRE #01981597,
Lyon Stahl Investment Real Estate, Inc.
Bought with:
Woody Stahl, DRE #01399621
Lyon Stahl Investment Real Est
John Stiegler II, DRE #01981597
Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS,MLS#: PW24094744
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 4
Cooling
- Central Air
Appliances
- Laundry: Common Area
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total interior livable area: 1,552 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage - Attached
- Attached garage spaces: 4
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 1,353 sqft
- Features: 2-5 Units/Acre
Details
- Parcel number: 4137009036
- Zoning: MNRH
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Duplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1988
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Biking
Location
- Region: Manhattan Beach
Other
Other facts
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 5/30/2024 | Sold | $2,275,000+5.8%$1,466/sqft |
Source:  CRMLS #PW24094744 Report a problem | ||
| 5/22/2024 | Pending sale | $2,150,000$1,385/sqft |
Source: CRMLS #PW24094707 Report a problem | ||
| 5/10/2024 | Listed for sale | $2,150,000$1,385/sqft |
Source: CRMLS #PW24094707 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $27,870 +279.3% | $2,320,500 +402.9% |
| 2024 | $7,347 +2.4% | $461,421 +2% |
| 2023 | $7,176 +1.3% | $452,375 +2% |
| 2022 | $7,081 +0.1% | $443,506 +2% |
| 2021 | $7,071 +0.8% | $434,810 +1% |
| 2020 | $7,018 | $430,352 +2% |
| 2019 | $7,018 +35.5% | $421,915 +2% |
| 2018 | $5,180 | $413,643 +2% |
| 2017 | $5,180 +6.5% | $405,533 +2% |
| 2016 | $4,865 +4.6% | $397,582 +1.5% |
| 2015 | $4,650 +3.2% | $391,611 +2% |
| 2014 | $4,507 | $383,941 +2.5% |
| 2012 | -- | $374,714 +2% |
| 2011 | -- | $367,368 +0.8% |
| 2010 | -- | $364,623 -0.2% |
| 2009 | -- | $365,491 +2% |
| 2008 | -- | $358,326 +2% |
| 2007 | -- | $351,301 +2% |
| 2006 | -- | $344,413 |
| 2005 | -- | $344,413 +4% |
| 2004 | -- | $331,041 +1.9% |
| 2003 | -- | $324,974 +2% |
| 2002 | -- | $318,603 +4% |
| 2000 | -- | $306,233 |
Find assessor info on the county website
Neighborhood: 90266
Nearby schools
GreatSchools rating
- 10/10Grand View Elementary SchoolGrades: K-5Distance: 0.7 mi
- NAManhattan Beach PreschoolGrades: Distance: 2 mi
- 8/10Manhattan Beach Middle SchoolGrades: 6-8Distance: 2.3 mi
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Estimated market value
$2,533,500
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Estimated market value
$2,533,500
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