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Multifamily

The Sounds of the Sea Apartments

3814 Highland Ave, Manhattan Beach, CA 90266

Listing Price: $4,995,000

Cap Rate
3.07%
Number of Units
8
GRM
20.29
Occupancy
100.0%
Price/Unit
$624,375
Price/Gross SF
$1,453.73
Gross SF
3,436

Investment Overview

We are pleased to present our newest exclusive listing in the highly sought after Manhattan Beach market. The Sounds of the Sea Apartments is being offered for sale by the original family who built the property back in 1960. The property is located less than 500 feet from the Pacific Ocean and El Porto - a renowned surf location with white sand beaches, volleyball, dolphin sightings and more. The property boasts a diverse unit mix of studios, one bedrooms, and two bedrooms while 3 of the units have ocean views. There are a total of 8 garage spots plus 5 non-covered parking spots. The property was built with large sun decks, which tenants enjoy year-round. The property also has a 300 sqft non-conforming bachelor unit, which will be delivered vacant. Living at The Sounds of the Sea Apartments gives you access to everything Manhattan Beach has to offer. You are seconds away from your local restaurants, shops, and nightlife. Located just minutes away from the famous Strand and a short bike ride to downtown Manhattan Beach. A new owner can explore converting the garages to ADUs, modernizing the exterior and interiors of the property, and commanding top rents for a one of a kind living experience for their tenants. For more information, please reach out to the listing agent.

Investment Highlights

  • First Time on the Market Since Built/1960
  • Select Units Have Ocean Views
  • Less Than 500 Feet to the Coastline
  • 8 Garages + 5 Additional Spots

Exclusively Listed By

Financing By

Multifamily

The Sounds of the Sea Apartments

Listing Price: $4,995,000

Cap Rate
3.07%
Number of Units
8
GRM
20.29
Occupancy
100.0%
Price/Unit
$624,375
Price/Gross SF
$1,453.73
Gross SF
3,436

Investment Highlights

  • First Time on the Market Since Built/1960
  • Select Units Have Ocean Views
  • Less Than 500 Feet to the Coastline
  • 8 Garages + 5 Additional Spots

Investment Overview

We are pleased to present our newest exclusive listing in the highly sought after Manhattan Beach market. The Sounds of the Sea Apartments is being offered for sale by the original family who built the property back in 1960. The property is located less than 500 feet from the Pacific Ocean and El Porto - a renowned surf location with white sand beaches, volleyball, dolphin sightings and more. The property boasts a diverse unit mix of studios, one bedrooms, and two bedrooms while 3 of the units have ocean views. There are a total of 8 garage spots plus 5 non-covered parking spots. The property was built with large sun decks, which tenants enjoy year-round. The property also has a 300 sqft non-conforming bachelor unit, which will be delivered vacant. Living at The Sounds of the Sea Apartments gives you access to everything Manhattan Beach has to offer. You are seconds away from your local restaurants, shops, and nightlife. Located just minutes away from the famous Strand and a short bike ride to downtown Manhattan Beach. A new owner can explore converting the garages to ADUs, modernizing the exterior and interiors of the property, and commanding top rents for a one of a kind living experience for their tenants. For more information, please reach out to the listing agent.

Exclusively Listed By

Financing By

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