4162 Manhattan Beach Boulevard Active

Lawndale,CA 90260

$ 1500000

- Bed

0 Bath

5580 SqFt


Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,580 sqft

Price per Sqft $268

MLS Listing ID PW-24246777

Year Built 1985

Lot Size 5,048 Sqft

Property Description

4162 Manhattan Beach Blvd is a prime investment and potential owner-user opportunity located in Lawndale. This value-add 4-unit apartment building offers a strong unit mix, including one spacious 4-bedroom, 3-bathroom townhome-style front unit, and three 2-bedroom, 1-bathroom units. The property features a 2-car garage attached to the front unit and a 4-car garage with back alley access. With significant upside potential, the property delivers an impressive 6.51% market CAP rate and 10.79 market GRM with potential to maximize income through eligible 8.9% rent increases for every unit. Priced at $375,000 per unit and $268 per square foot, it offers exceptional value with room for growth. There is also an appraisal on file in October 2024 for $1.771M. Conveniently situated near the scenic Alondra Park Golf Course and just minutes from Manhattan Beach, this property's location adds to its tenant appeal. Don't miss this opportunity to invest in a high-demand South Bay area with strong long-term potential!

Location

State CA

County Los Angeles

Zoning LNR3YY

Interior

Laundry Common Area

Exterior

Parking Features Garage

Garage Spaces 6.0

Pool None

Community Features Biking

Building

Lot Description 2-5 Units/Acre

Sewer Public Sewer

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