Multifamily

216 14th St

Listing Price: $4,699,000

Cap Rate
0.67%
Number of Units
3
GRM
50.79
Occupancy
97.00%
Price/Unit
$1,566,333
Price/Gross SF
$1,924.24
Gross SF
2,442

Investment Overview

Rarest of opportunities. A sand section income property, in Manhattan Beach, rarely comes to market. But two next door to one another - at the same time?

The offering is made up of 2 contiguous lots with a triplex on one (216 14th) and 4-plex on the other lot (220 14th). The investment affords a Buyer a multifaceted opportunity the chance to cash flow #1 and #2 enjoy the inevitable capital appreciation that a world-renowned beach location brings. And of course, there's the option to develop townhomes or single-family residence on one or both. The lots are larger than many in the sand section and go street-to- alley making development very easy. Many sand section lots are 30 x 90, whereas these parcels are 34 x 123.

The building at 216 14th is the triplex and made up of two 2 Bed/1 Bath units in the front building with a free-standing, 2-story 1 Bed/1 Bath unit in the rear.

The building at 220 14th is a 4-plex and made of four, spacious 1 Bed/1 Bath units.

An opportunity not-to-be-missed mere feet from one of Southern California's premiere beaches. Invest in the best.

Investment Highlights

  • Massive ocean views, just 6 parcels from sand and sea.
  • Mere blocks to retail and dining in downtown and at Metlox.
  • Sellers preference is to sell together w/ 4plex next door,also listed at $4,699,000
  • Cash Flow now. Develop later?
  • Triplex and 4-plex currently. Lots go street-to-alley.
  • $20K/month +/- gross income now. Two 4,190 sq. ft. lots, zoned RH.

Exclusively Listed By

Listing Price: $4,699,000

Cap Rate
0.67%
Number of Units
3
GRM
50.79
Occupancy
97.00%
Price/Unit
$1,566,333
Price/Gross SF
$1,924.24
Gross SF
2,442

Investment Highlights

  • Massive ocean views, just 6 parcels from sand and sea.
  • Mere blocks to retail and dining in downtown and at Metlox.
  • Sellers preference is to sell together w/ 4plex next door,also listed at $4,699,000
  • Cash Flow now. Develop later?
  • Triplex and 4-plex currently. Lots go street-to-alley.
  • $20K/month +/- gross income now. Two 4,190 sq. ft. lots, zoned RH.

Investment Overview

Rarest of opportunities. A sand section income property, in Manhattan Beach, rarely comes to market. But two next door to one another - at the same time?

The offering is made up of 2 contiguous lots with a triplex on one (216 14th) and 4-plex on the other lot (220 14th). The investment affords a Buyer a multifaceted opportunity the chance to cash flow #1 and #2 enjoy the inevitable capital appreciation that a world-renowned beach location brings. And of course, there's the option to develop townhomes or single-family residence on one or both. The lots are larger than many in the sand section and go street-to- alley making development very easy. Many sand section lots are 30 x 90, whereas these parcels are 34 x 123.

The building at 216 14th is the triplex and made up of two 2 Bed/1 Bath units in the front building with a free-standing, 2-story 1 Bed/1 Bath unit in the rear.

The building at 220 14th is a 4-plex and made of four, spacious 1 Bed/1 Bath units.

An opportunity not-to-be-missed mere feet from one of Southern California's premiere beaches. Invest in the best.

Exclusively Listed By

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