Sold for $2,772,500

Listed by: Lyon Stahl Investment Real Est • Woody Stahl • Contact: 310-425-9838

Bought with: Lyon Stahl Investment Real Estate, Inc.

$2,772,500

1345 Manhattan Beach Blvd, Manhattan Beach, CA 90266

8beds

5baths

3,942sqft

Quadruplex

Built in 1967

-- sqft lot

$2,764,400 Zestimate^®

$703/sqft

$3,865 Estimated rent

Home value

$2,764,400

$2.49M - $3.07M

$3,865/mo

Zestimate^® history

Owner options

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$3,865/mo

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$3,865/mo

Rent Zestimate^®

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$17,592/mo

Est. payment

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$17,592/mo

Est. payment

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What's special

Discover this charming 4-unit apartment building located in East Manhattan Beach. Situated near Polliwog Park, this property offers a mix of (1) 2-bed/2-bath townhome style unit and (3) 2-bed/1-bath units, and most of the major systems were updated several years ago. There is also 2 2-Car Garages for a total of 4 garage spaces. Priced attractively at $712,500 per unit and $722.98 per square foot, the property provides a solid income opportunity with a 4.42% CAP rate. Located in a prime, sought-after neighborhood, this is an excellent investment for those looking to capitalize on the strong rental market and long-term appreciation potential in Manhattan Beach.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 5

Heating

None

Cooling

None

Appliances

Laundry: Common Area

Features

Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 3,942
Total interior livable area: 3,942 sqft

Property

Parking

Total spaces: 4
Parking features: Garage
Garage spaces: 4

Features

Entry location: 1
Pool features: None

Lot

Size: 5,007 Square Feet
Features: 2-5 Units/Acre

Details

Parcel number: 4166010021
Zoning: MNRH
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex
Attached to another structure: Yes

Condition

New construction: No
Year built: 1967

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Biking

Location

Region: Manhattan Beach

Financial & listing details

Price per square foot: $703/sqft
Tax assessed value: $2,725,000
Annual tax amount: $31,402
Date on market: 10/15/2024
Cumulative days on market: 18 days
Listing terms: Conventional

Price history

Date	Event	Price
1/7/2025	Sold	$2,772,500-2.7%$703/sqft
Source: CRMLS #PW24210819 Report a problem
12/3/2024	Contingent	$2,850,000$723/sqft
Source: CRMLS #PW24210819 Report a problem
11/19/2024	Listed for sale	$2,850,000-0.9%$723/sqft
Source: CRMLS #PW24210819 Report a problem
1/14/2017	Listing removed	$2,875,000$729/sqft
Source: Barshay Real Estate, Inc. #SB16192221 Report a problem
12/16/2016	Pending sale	$2,875,000$729/sqft
Source: Barshay Real Estate, Inc. #SB16192221 Report a problem
11/10/2016	Price change	$2,875,000-4%$729/sqft
Source: Barshay Real Estate, Inc. #SB16192221 Report a problem
9/19/2016	Pending sale	$2,995,000$760/sqft
Source: Barshay Real Estate, Inc. #SB16192221 Report a problem
9/2/2016	Listed for sale	$2,995,000$760/sqft
Source: Barshay Real Estate, Inc. #SB16192221 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$31,402 -16.7%	$2,725,000 -16.7%
2024	$37,693 +2.8%	$3,271,254 +2%
2023	$36,649 +1.8%	$3,207,113 +2%
2022	$36,018 +1.6%	$3,144,230 +2%
2021	$35,459 +0.9%	$3,082,579 +1%
2020	$35,134	$3,050,972 +2%
2019	$35,134 +4%	$2,991,150 +2%
2018	$33,794	$2,932,500 +30.7%
2017	$33,794 +30.6%	$2,244,000 +2%
2016	$25,880 +4.5%	$2,200,000 +1243.4%
2015	$24,769 +900.6%	$163,763 +2%
2014	$2,475	$160,556 +2.5%
2012	--	$156,698 +2%
2011	--	$153,627 +0.8%
2010	--	$152,480 -0.2%
2009	--	$152,843 +2%
2008	--	$149,847 +2%
2007	--	$146,910 +2%
2006	--	$144,031
2005	--	$144,031 +4%
2004	--	$138,440 +1.9%
2003	--	$135,904 +2%
2002	--	$133,241 +4%
2000	--	$128,070