Ultra-rare opportunity to acquire a multifamily asset in the highly sought-after 90266 zip code. Annual sales velocity is Manhattan Beach is one of the lowest in all of LA County. Classic, value-add opportunity for an investor wanting solid, long-term growth. 5% cap on proforma rents is competitive for a Beach Cities investment. The unit mix of all 2 Bed units is ideal for young couples or work-at-home renters. There are washer, dryer hookups in each garage space, as well. The majority of the units (4) are upstairs - they feel larger due to vaulted ceilings with attractive tongue and groove exposed word work. They also have views - there are expansive LA Basin views to the North. The East Manhattan location is extremely accessible to some of The South Bay's largest employers: Northrop Grumman (1 block away) , Lockheed Martin, AT&T DirecTV, Raytheon, MBS Media Campus - and the 405 and 105 Fwys are close by. Lastly, unit #4 will be vacated - an immediate opportunity.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
