70
See all 70 photos
$2,550,000
Est. payment /mo
7,466 Sqft Lot
Contingent
1400 15th ST Manhattan Beach, CA 90266
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UPDATED:
03/01/2025 06:00 AM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CRPW25034625
Originating Board California Regional MLS
Year Built 1958
Lot Size 7,466 Sqft
Property Sub-Type Duplex
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.
Location
State CA
County Los Angeles
Area 146 - Manhattan Bch Heights/Lib Vlg
Interior
Heating Central Forced Air
Cooling None
Laundry In Closet
Exterior
Parking Features Off-Street Parking
Garage Spaces 6.0
Pool 31, None
View City Lights
Building
Water District - Public
Others
Tax ID 4166008020
Special Listing Condition Accepting Backups
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Listed by Patrick Sweeney • The CREM Group