Est. cap rate

0.7%

Assumed rent, all units

$10,470/mo

Units

3

Price per unit

$3,200,000

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

4

Bathrooms

4

Building size

2,436 sqft

Lot size

3,006 sqft

Year built

1950

Stories

2

Garage spaces

3

Cooling

None

Pool

None

View

Coastline,Ocean,Catalina,White Water,Water,Panoramic

Status

Active

Days on market

65

MLS #

245981843

About this property

Welcome to 1416 The Strand, an exceptional opportunity to own in one of the most desirable locations on the Manhattan Beach Strand. Located just a short stroll from Downtown Manhattan Beach, the property enjoys an iconic view of the Manhattan Beach Pier — a combination of walkability and views that very few Strand properties can boast. With a rating of 92 “Walker’s Paradise” on WalkScore.com, the beach, shops, restaurants, and downtown amenities are all close at hand. Situated on a full lot, this versatile triplex offers three distinct residences, ocean views, and an exceptional beachfront setting. The spacious main-level residence features 2 bedrooms and 2 bathrooms, along with a private courtyard that provides a peaceful outdoor retreat. At Strand level, a studio unit with a full kitchen offers convenient beachside living with immediate access to The Strand. Completing the property is a one-bedroom unit above the garage, highlighted by its own private ocean-view deck. With three separate living spaces, multiple outdoor areas, a full lot, and an irreplaceable beachfront location, 1416 The Strand offers flexibility for an owner-user, investor, or future development. The property also presents attractive short- or long-term rental potential, with vacation rentals now permitted in the Coastal Zone. Offered at $9.6 million, this is a compelling opportunity to acquire a full-lot property in one of the most desirable stretches of the Manhattan Beach Strand for under $10 million.

Location

1416 The Strand

Manhattan Beach, Los Angeles, CA, 90266