Skip To Content

    3216 Manhattan Ave

    Manhattan Beach, CA 90266
    • $6,400,000
    • STATUS: Active
    • ON SITE: 46 days
    • MLS #: 21-727318
    UPDATED: 72 min ago
    $6,400,000
    • 9
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,144
      SQFT
    • $1,544
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1973
    County:

    School Ratings & Info

    Description

    $200,000 Price Improvement!! Current Bank of America debt quotes on this deal make it cash flow on day 1 owner/user or not! Can achieve 10 year IO with rates in the high 2%- low 3% range - 30 year term fixed rate. Prime Manhattan Beach location. All four units have ocean views and three bedroom unit has a tremendous rooftop deck. Overparked building one block from the beach! Room to add value into this deal - two of the units haven't been touched.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-20T16:42:40.763. 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.
    www.desertarealuxuryhomes.com/homes/116767072
    Print Image

    3216 Manhattan Ave Manhattan Beach, CA 90266

    • Price: $6,400,000
    • Status: Active
    • Updated: 72 min ago
    • MLS #: 21-727318
    9
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    4,144
    SQFT
    $1,544
    $/SQFT
    1973
    Built
    Neighborhood:
    Manhattan Beach Sand
    County:
    Los Angeles
    Area:
    Manhattan Beach Sand
    Property Description
    $200,000 Price Improvement!! Current Bank of America debt quotes on this deal make it cash flow on day 1 owner/user or not! Can achieve 10 year IO with rates in the high 2%- low 3% range - 30 year term fixed rate. Prime Manhattan Beach location. All four units have ocean views and three bedroom unit has a tremendous rooftop deck. Overparked building one block from the beach! Room to add value into this deal - two of the units haven't been touched.
    Exterior Features

    Lot Size Area 3497 Other Structures None Parking Garage Covered ParkingGarage Total Parking 12

    Interior Features

    Baths Total 8.00 Cooling Other Equipment Other Heating Other Laundry In UnitCommunity Laundry Equipment Own

    Property Features

    Assessed Total Value 5202000 Gross Income 265640 Gross Operating Income 257686 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 173517.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 81169 Type Of Units Mixed Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Mnrh

    Listing provided courtesy of John Katnik DRE#02002695 of James Capital Advisors, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-20T16:42:40.763. 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.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_2_21-727318-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_2_21-727318-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_2_21-727318-2.jpg
    Logo
    The Sandi Phillips Team | Compass
    74199 El Paseo, Suite 200
    Palm Desert CA, 92260