1436 12th Street, Manhattan Beach, CA 90266 (MLS # SB18077643)

Price $4,895,000
Status Active
Beds 0
Baths 0 bath
Home size 6,742 sq ft
Lot Size 10,478 sqft
Days on Market 20
This quaint building with 7 comfortable townhome-style apartment units sits on a quiet street in a great neighborhood of East Manhattan Beach. It’s close to Polliwog Park, and the units feature enclosed patios downstairs and large balcony decks upstairs. Occupying a substantial 10,503 sq. ft. lot that has some site specific unique concessions in the zoning code, this building offers plenty of flexibility in terms of investment options.?1. Keep it as-is and continue to lease the units?2. Renovate the building and lease the units at significantly higher rents?It is worth noting that the 2 bedroom/2 bath floor plan makes the units ideal for roommates. 3. Tear the building down and develope a new 10-unit apartment complex 4. Tear the building down and developing 7 new town home condominiums. Architectural feasibility studies are available on both of these options. This location is ideal for families and commuters alike. It’s close to parks, restaurants and shopping, minutes from both downtown Manhattan Beach to the West, and the 405 freeway, to the East. This is a huge opportunity in a great location—with lots of options.
Property Type(s): Residential Income
Last Updated 4/6/2018 Year Built 1973
Community 146 - Manhattan Bch Heights/Lib Vlg County Los Angeles

Additional Details

AIR None
AREA 146 - Manhattan Bch Heights/Lib Vlg
GARAGE Covered Parking
HEAT Radiant
HOA DUES 0.00
LOT 10478 sq ft
LOT DESCRIPTION Lot 10000-19999 Sqft
POOL DESCRIPTION None
STORIES 2
UTILITIES Sewer Connected,Water Connected
WATER Public
ZONING MNRH

Location

 

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Listing provided by : Bryn Stroyke CalBRE:00855690, Stroyke Properties, Inc.

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Based on information from California Regional Multiple Listing Service, Inc. as of 4/24/18 5:57 PM PDT and /or other sources. 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

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