1400 15th Street, Manhattan Beach CA, 90266

Active

1400 15th Street

Manhattan Beach CA, 90266

$2,550,000

$980.77 per sqft

Active

2,600 sqft

Multi-family

Built in 1958

Listed by Patrick Sweeney with The CREM Group 949-973-6290

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.

PW25034625

MLSⓇ ID

February 15, 2025

Listed

February 23, 2025

Updated

Interior Features

Total Stories: 2
Laundry Description: Laundry Closet
Fireplace: No
Fireplace Description: None
Cooling: No
Cooling Description: None
Heating: Yes
Heating Description: Central

Exterior/Building Features

Lot Size: 0.17 Acres
Lot Features: Corner Lot
Sewer: Public Sewer

Other Property Details

Area Name: 146 - Manhattan Bch Heights/Lib Vlg
Days on Market: 7
Garage: Yes
Garage Spaces: 2
Parking: Off Street, Tandem, Uncovered
Parking Total: 6
View: Yes
View Description: City Lights
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: MNRM

Listing Contact: 855-655-5544

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/23/2025. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 2/23/2025 at 2:46 AM UTC