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Listed by Woody Stahl • Lyon Stahl Investment Real Est
$1,500,000
Est. payment /mo
5,580 SqFt
UPDATED:
12/18/2024 11:34 AM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,580 sqft
Price per Sqft $268
MLS Listing ID CRPW24246777
HOA Y/N No
Originating Board Datashare California Regional
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
Interior
Fireplace No
Laundry Common Area
Building
Water Public
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