1400 15Th Street, Manhattan Beach, CA 90266
-
Listed Price :
$2,550,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1958
Property Description
Presenting this exceptional duplex located on a rare and highly desirable corner lot in East Manhattan Beach, just over a mile from the beach. This property offers tremendous long-term income potential and exciting development possibilities. Featuring two updated and turnkey 3-bedroom, 2-bathroom units, it also includes a detached 2-car garage with Sunroom, a spacious driveway that can accommodate up to 3 additional vehicles, with spacious lot to potentially add ADU and JADU. With 2,600 sq. ft. of living space on a nearly 7,500 sq. ft. lot, this property presents a solid investment opportunity with projected annual income of $115,000 and a 4.1% cap rate. Nestled in a prime, sought-after neighborhood, residents will enjoy proximity to top-rated schools such as Meadows Avenue Elementary, Manhattan Beach Middle School, and the popular Polliwog Park—all just a short walk away. This property is an excellent opportunity for investors looking to leverage the strong rental market, potential for value-added development, and the long-term appreciation prospects of the Manhattan Beach Market.
Interior Features
| Laundry Information |
| Location(s) |
Laundry Closet |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Interior Information |
| Cooling Type |
None |
| Heating Type |
Central |
Listing Information
| Address |
1400 15Th Street |
| City |
Manhattan Beach |
| State |
CA |
| Zip |
90266 |
| County |
Los Angeles |
| Listing Agent |
Patrick Sweeney DRE #01467079 |
| Courtesy Of |
The CREM Group |
| List Price |
$2,550,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Duplex |
| Structure Size |
N/A |
| Lot Size |
7,466 |
| Year Built |
1958 |
Listing information courtesy of: Patrick Sweeney, The CREM Group. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 23rd, 2025 at 2:25 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
