Est. cap rate

1.0%

Assumed rent, all units

$10,470/mo

Units

3

Price per unit

$2,165,000

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

3

Building size

1 sqft

Lot size

4,055 sqft

Year built

1937

Stories

2

Garage spaces

3

Cooling

None

Pool

None

Status

Active

Days on market

1

MLS #

246935264

About this property

Discover one of the most exceptional multi-family lots to come available in Manhattan Beach’s coveted Sand Section. This rare 45' × 90' parcel (4,050 sq ft BTV) is a full 50% larger than the standard 30' × 90' Sand Section lot, delivering exceptional scale and flexibility rarely found west of Highland. Positioned on the desirable north sunny side of a walk street with street-to-alley configuration, the property offers broad walk-street frontage, unique views, and the advantage of 1935-era setback. Rear alley access provides convenient parking, while the generous dimensions open up outstanding possibilities for multi-unit living, expansive outdoor space, or new development. Just steps from the Strand and the beach on a prime 200-block location, this lot combines unmatched size, orientation, and lifestyle appeal in one of Southern California’s most sought-after coastal neighborhoods. A true one-of-a-kind opportunity for the discerning buyer or developer.

Location

223 32nd St

Manhattan Beach, Los Angeles, CA, 90266