120 36th Place
Manhattan Beach, CA 90266

  • – beds
  • – baths
  • – sqft
  • 1,352 sqft lot
  • 1927 build
  • on site

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This duplex is an opportunity for an investor or owner-user to purchase a multifamily property located just above The Strand in Manhattan Beach, California. The property consists of a mix of (1) two-bed/one-bath & (1) one-bed/one-bath units. There is one 2-Car Garage on 36th Place and a shared private yard at the back of the property. A new owner can capitalize on the tight rental market and high rents in this neighborhood by fully upgrading and renovating the units to achieve top of the market rents. This is a pride of ownership property. Quality renovations and executing on a renovation strategy will allow you to unlock maximum upside. Upgrades may include a fully remodeled kitchen including top of the line stainless steel appliances, granite countertops, artistic styled flooring, and brand-new cabinetry. The opportunities are endless to realize maximum value in each unit. Rents at the high end of the range result in 126% upside potential. The bottom one-bed/one-bath unit is not current on rent, the top two-bed/one-bath unit is current on rent. Both tenants are month-to-month. There will be no showings or open houses. Please submit offers subject to interior inspection. We politely request that you do not disturb the tenants nor walk around the property.

California Regional MLS logo Listed By CRMLS_CA / David Harrington / Matthews Real Estate Investment Services

Last checked: Checking… • Last updated Aug 6, 2023 •

MLS# 22115695 —

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Sale history

Date Event Source Price % Change
3/7/23
CRMLS_CA $2,500,000
2/7/23
CRMLS_CA $2,500,000
1/27/23
CRMLS_CA $2,500,000

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Multifamily Sold on 3/15/2022

$1,850,000

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Listing provided by broker:

David Harrington

Matthews Real Estate Investment Services

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California Regional MLS logo Listing Courtesy of: CRMLS_CA and Matthews Real Estate Investment Services. Based on information from California Regional Multiple Listing Service, Inc. as of 20:54 on May 10.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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