Est. cap rate

2.5%

Assumed rent, all units

$10,470/mo

Units

3

Price per unit

$831,667

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

2,444 sqft

Lot size

1,798 sqft

Year built

1929

Stories

2

Garage spaces

2

Heating

Wall Furnace

Cooling

None

Pool

None

Status

Active

Days on market

13

MLS #

247443950

About this property

Rare Triplex Steps from the Sand! Opportunities like this rarely come to market. Just steps from the beach, this 1929 triplex sits in one of Manhattan Beach's most sought-after coastal locations. You can walk to the sand, the Strand, local restaurants, coffee shops, and shopping. The property has 2,444 sq. ft. (buyer to verify) of living space across three units: two 1-bed, 1-bath units and one 2-bed, 1-bath unit, all on a 1,798 sq. ft. lot. It works as an income property now, with steady rental demand driven by the location. This is also a builder's dream. Investors, developers, and end users can build a custom coastal home or a new multi-unit project a short walk from the ocean. It could also serve as an owner-user setup with rental income. Beach-close sites in Manhattan Beach are hard to find, so this one offers location, flexibility & long term value. Huge potential for ocean view home + ADU + JADU. Buyers/Agents to do your due diligence with respect to what you can build. Check with City of Manhattan Beach regarding restrictions/ guidelines. Buyers to verify all information regarding square feet, permits, etc. Property sold in its present condition. Possible opportunity for AIRBNB. Buyers do their own due diligence with City requirements.

Location

323 35th

Manhattan Beach, Los Angeles, CA, 90266