4162 Manhattan Beach Boulevard
Lawndale, CA 90260
0.12 acres | #PW24246777
Description
4162 Manhattan Beach Blvd is a prime investment and potential owner-user opportunity located in Lawndale. This value-add 4-unit apartment building offers a strong unit mix, including one spacious 4-bedroom, 3-bathroom townhome-style front unit, and three 2-bedroom, 1-bathroom units. The property features a 2-car garage attached to the front unit and a 4-car garage with back alley access.
With significant upside potential, the property delivers an impressive 6.51% market CAP rate and 10.79 market GRM with potential to maximize income through eligible 8.9% rent increases for every unit. Priced at $375,000 per unit and $268 per square foot, it offers exceptional value with room for growth. There is also an appraisal on file in October 2024 for $1.771M.
Conveniently situated near the scenic Alondra Park Golf Course and just minutes from Manhattan Beach, this property’s location adds to its tenant appeal. Don’t miss this opportunity to invest in a high-demand South Bay area with strong long-term potential!
Property Details
- Lot DescriptionTwoToFiveUnitsAcre
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$1,500,000
- MLS #PW24246777
- Property SubtypeQuadruplex
- MLS #PW24246777
- Cost1500000
- Acres0.1159
- Utility SourcePublic
- Year Built1985
- Stories2
- Parking Spaces6
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Woody Stahl (#PWSTAWOO)
Listing Office: Lyon Stahl Investment Real Est (#PB20378)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
