Est. cap rate

1.0%

Assumed rent, all units

$10,470/mo

Units

3

Price per unit

$2,166,333

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

5

Bathrooms

6

Building size

3,766 sqft

Lot size

3,498 sqft

Year built

1937

Stories

2

Garage spaces

4

Style

Contemporary

Heating

Central

Cooling

Central Air

Pool

None

View

Coastline,Ocean,Catalina,Hills,Panoramic

Status

Active

Days on market

66

MLS #

246792295

About this property

Offered for a very limited time. The owner is considering development options of their own. Properties this special often sell off market and you never get an opportunity. A dream lot in one of the most sought after areas of the Manhattan Beach sand section. 33 1/3' X 105' - nearly 3500 square feet of land with superlative Bayview view potential. It has very protected views not normally seen on interior lots. Buyer to verify development potential with the City, but it is believed that one could build a single family home with an ADU, and JADU, with 3-4 car parking. Truly amazing!! It comes with a totally usable remodeled triplex, or more like a Single Family home on Bayview with a detached duplex that sits atop a 3 car garage on Manhattan Ave. The super cool Contemporary Ocean-View home is a remodeled coastal gem, and boasts what is probably the single best ocean view deck in Manhattan Beach. Its surprisingly very private, with around 1000 Sq Ft, a fire pit, dining area, BBQ, and panoramic coastal vistas. It must be experienced to be fully appreciated, and it will make you dream of what a third story deck would offer!!! The 3-bedroom, 3-bathroom home spans 2,350 sq. ft. and offers the perfect blend of luxury and beachside living, just steps from the Pacific Ocean and The Strand. Inside, expansive windows and soaring vaulted wood ceilings showcase stunning ocean views from the great room, complete with oversized wood-burning fireplace. The open floor plan features a primary suite with a massive fireplace, with a top-floor guest suite with an opulent 3/4 bath. with a door that closes off a portion of the space to serve as a powder room for the living level. The gourmet kitchen boasts high-end appliances, including a full oven range, dishwasher, and wine fridge, all with lovely ocean views. amenities include a built in dining nook that comfortably seats 8, a massive island with additional seating, and bamboo floors. There is a garage on Bayview as well as on Manhattan Ave with a total of 4 enclosed, and additional parking across the aprons. The detached duplex consists of two 1 Bedroom 1 Bath rentals that are remodeled in a similar contemporary style to the home These are highly desired for long and short term rentals. 3206 Manhattan is rented for $3,695 a month and 3204 Manhattan is renting for $3,900 a month. Close to coffee shops, boutiques, restaurants, and the beach. 3205 Bayview Drive—your gateway to an unforgettable beachside living.

Location

3205 Bayview Drive

Manhattan Beach, Los Angeles, CA, 90266