$4,895,000

1436 12th Street Manhattan Beach, CA 90266

Beds: 0
Baths: 0.00
Sq Ft: 0
Type: Residential Income
MLS#: SB18077643
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Estimated Monthly Payment

$5,051
Interest Rate %
Down Payment
5 year
15 year
30 year

This quaint building with 7 comfortable townhome-style apartment units sits on a quiet street in a great neighborhood of East Manhattan Beach. Its close to Polliwog Park, and the units feature enclosed patios downstairs and large balcony decks upstairs.Occupying a substantial 10,503 sq. ft. lot that has some site specific unique concessions in the zoning code, this building offers plenty of flexibility in terms of investment options.?1. Keep it as-is and continue to lease the units?2. Renovate the building and lease the units at significantly higher rents?It is worth noting that the 2 bedroom/2 bath floor plan makes the units ideal for roommates. 3. Tear the building down and develope a new 10-unit apartment complex 4. Tear the building down and developing 7 new town home condominiums. Architectural feasibility studies are available on both of these options.This location is ideal for families and commuters alike. Its close to parks, restaurants and shopping, minutes from both downtown Manhattan Beach to the West, and the 405 freeway, to the East. This is a huge opportunity in a great locationwith lots of options., Directions Just West

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DescriptionInterior & Exterior Features

Interior Features Include:


Fireplace Description None

Heating:
Source Radiant


Exterior Features Include:

Acreage: 0.2400 Acres

Lot:
Description Lot 10000-19999 Sqft
Square Feet 10478

Garage/Parking:
Parking Covered Parking

Garage Capacity: 4

Other Features Include:

Water: Public

Pool: None

This Listing is Presented By
SSTROBRY

Bob Haas

The Haas Team

Cell: (661) 505-3708

Work: (661) 705-3202

Email: bhaas@bobhaasrealtor.com

    
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