Est. cap rate

2.4%

Assumed rent, all units

$10,470/mo

Units

3

Price per unit

$866,333

Est. annual NOI

$62,820

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

3,226 sqft

Lot size

2,997 sqft

Year built

1972

Stories

2

Garage spaces

2

Pool

None

Status

Active

Days on market

182

MLS #

241264393

About this property

Welcome to 637 Manhattan Beach Blvd, a rare opportunity to own an ocean-view triplex just moments from the heart of Downtown Manhattan Beach. This exceptional income property features three well-designed units, including two spacious 2-bedroom, 2-bathroom residences and one 1-bedroom, 1-bathroom residence. Each unit offers the convenience of its own in-unit laundry. The property also provides ample parking with a two-car garage plus four additional covered parking spaces—an invaluable amenity in this highly desirable beach community. Whether you're looking to expand your investment portfolio, occupy one unit while generating rental income, or own a prime property in one of Southern California's most sought-after coastal neighborhoods, this triplex presents an outstanding opportunity with ocean views and unbeatable proximity to downtown Manhattan Beach's renowned dining, shopping, and beaches.

Location

637 Manhattan Beach Boulevard

Manhattan Beach, Los Angeles, CA, 90266