1200 Manhattan Avenue, Manhattan Beach, CA 90266 (MLS # SB18082081)

Price $5,000,000
Status Active
Beds 0
Baths 0 bath
Home size 2,800 sq ft
Lot Size 3,325 sqft
Days on Market 15
ONE OF THE FEW REMAINING SOUTH FACING, FULL STREET TO ALLEY CORNER LOT RIGHT IN THE MIDDLE OF DOWNTOWN MANHATTAN BEACH. LOT SLOPES UP FROM MANHATTAN AVE. TO BAYVIEW PROVIDING DYNAMIC OCEAN VIEWS. MOST OF THE VALUE IS IN THE LAND AND BEST USE IS PROBABLY DEVELOPMENT OF EITHER TWO TOWNHOMES OR A VERY LARGE SINGLE FAMILY HOME. EITHER WAY YOU WILL HAVE INCREDIBLE OCEAN VIEWS FROM PV TO MALIBU. LOWER COMMERCIAL BUILDINGS ACROSS THE STREET SHOULD PROVIDE BEAUTIFUL VIEWS FOR BOTH UNITS. PROPERTY IS CURRENTLY A FULLY RENTED TRIPLEX WITH GREAT TENANTS WHO WOULD MOST LIKELY WANT TO STAY. FRONT HOUSE ON MANHATTAN AVE COULD USE SOME TLC BUT HAS A LOT OF CHARM AND CURRENTLY HAS PANORAMIC OCEAN VIEWS FROM THE UPSTAIRS. HOUSE HAS 3 BEDROOMS AND 2 FULL BATHS AS WELL AS A LOFT UPSTAIRS THAT COULD BE A GREAT OFFICE. HARDWOOD FLOORS AND LAUNDRY. REAR 2 BEDROOM IS IN VERY GOOD SHAPE AND ALSO HAS GREAT OCEAN VIEWS. LARGE BEDROOMS AND 2 FULL BATHS. STUDIO IS VERY BASIC BUT LONG TERM TENANT WHO WOULD LOVE TO STAY. 3 CAR GARAGE IN THE BACK ON BAYVIEW. THIS BUILDING WOULD PROVIDE NEARLY $10k PER MONTH IN INCOME WHILE YOU GET PLANS DRAWN AND APPROVED. COULD ALSO BE A GOOD LONG TERM HOLD AS THERE AREN'T MANY OF THESE LOTS LEFT THIS CLOSE TO EVERYTHING. PLEASE DO NOT DISTURB TENANTS OR WALK THE PROPERTY. SEE AGENT REMARKS REGARDING DEVELOPMENT POTENTIAL WITH THE CITY OF MB.
Property Type(s): Residential Income
Last Updated 4/11/2018 Year Built 1956
Community 142 - Manhattan Bch Sand County Los Angeles

Additional Details

AREA 142 - Manhattan Bch Sand
HEAT Central Furnace
LOT 3325 sq ft
LOT DESCRIPTION 0-1 Unit/Acre
POOL DESCRIPTION None
UTILITIES Public;
WATER Public
ZONING MNRH

Location

 

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Listing provided by : Jack Cummings CalBRE:01173922, Strand Hill Christies International Real Estate

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