$3,500,000
1446 12th Street Manhattan Beach, CA 90266
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$3,500,000
Est. payment /mo
9 Beds
8 Baths
7,010 Sqft Lot
UPDATED:
11/14/2024 03:34 PM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PV24224558
Bedrooms 9
HOA Y/N No
Lot Size 7,010 Sqft
Property Description
Attention Developers, Investors, Owner Users, and 1031 Exchange Buyers. Dont miss out on this rare opportunity to acquire a 7,000 square foot lot located in Manhattan Beach. For the investor, the property currently offers four large units totaling 4,500 square feet comprised of one 3 bedroom / 3 bathroom unit, two 2 bedroom / 2 bath units and one 2 bedroom / one bath unit. For builder, there are already two sets of plans; first set to build three large townhome units totaling approximately 3,000 square feet each; or the another set of plans would build four townhomes totaling approximately 1,800 to 1,9000 square feet each. An identical parcel is adjacent and available for sale creating the opportunity to combine both sites and develop a larger townhome property on over 14,000 square feet of livable space. Current rents are below market.
Attention Developers, Investors, Owner Users, and 1031 Exchange Buyers. Dont miss out on this rare opportunity to acquire a 7,000 square foot lot located in Manhattan Beach. For the investor, the property currently offers four large units totaling 4,500 square feet comprised of one 3 bedroom / 3 bathroom unit, two 2 bedroom / 2 bath units and one 2 bedroom / one bath unit. For builder, there are already two sets of plans; first set to build three large townhome units totaling approximately 3,000 square feet each; or the another set of plans would build four townhomes totaling approximately 1,800 to 1,9000 square feet each. An identical parcel is adjacent and available for sale creating the opportunity to combine both sites and develop a larger townhome property on over 14,000 square feet of livable space. Current rents are below market.
Attention Developers, Investors, Owner Users, and 1031 Exchange Buyers. Dont miss out on this rare opportunity to acquire a 7,000 square foot lot located in Manhattan Beach. For the investor, the property currently offers four large units totaling 4,500 square feet comprised of one 3 bedroom / 3 bathroom unit, two 2 bedroom / 2 bath units and one 2 bedroom / one bath unit. For builder, there are already two sets of plans; first set to build three large townhome units totaling approximately 3,000 square feet each; or the another set of plans would build four townhomes totaling approximately 1,800 to 1,9000 square feet each. An identical parcel is adjacent and available for sale creating the opportunity to combine both sites and develop a larger townhome property on over 14,000 square feet of livable space. Current rents are below market.
Location
State CA
County Los Angeles
Area Manhattan Beach (90266)
Zoning Assessor
Exterior
Garage Unit1:Assigned
Building
Lot Description Curbs
Story 2
Lot Size Range 4000-7499 SF
Others
Monthly Total Fees $69
Acceptable Financing Cash
Space Rent $3,800
Listing Terms Cash
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Listed by Jim Ghannadi • RE/MAX Estate Properties
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