119 40th Street Manhattan Beach, CA ^$ 2,150,000

119 40th Street

^$ 2,150,000

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119 40th Street

Manhattan Beach, CA, 90266

^$ 2,150,000

Bedrooms4 Baths2.0 Sq 1,552

Monthly Estimate*

^$ 14,290

Listed by Lyon Stahl Investment Real Est

119 40th Street, Manhattan Beach, CA 90266 - Image 1

119 40th Street, Manhattan Beach, CA 90266 - Image 2

119 40th Street, Manhattan Beach, CA 90266 - Image 3

119 40th Street, Manhattan Beach, CA 90266 - Image 4

119 40th Street, Manhattan Beach, CA 90266 - Image 5

119 40th Street, Manhattan Beach, CA 90266 - Image 6

119 40th Street, Manhattan Beach, CA 90266 - Image 7

119 40th Street, Manhattan Beach, CA 90266 - Image 8

119 40th Street, Manhattan Beach, CA 90266 - Image 9

119 40th Street, Manhattan Beach, CA 90266 - Image 10

119 40th Street, Manhattan Beach, CA 90266 - Image 11

Multi-Family Home for sale in Manhattan Beach, CA

for $2,150,000 with 4 bedrooms and 2 full baths. This 1,552 square foot home was built in 1988 on a lot size of 0.0311.

119 40th Street presents a rare opportunity in the Sand Section, less than a block from the beach. This duplex offers (2) 2-Bed/1-Bath units, each showcasing stunning ocean views from living rooms and balconies. The property also features a spacious (4) car garage w/ storage compartments + (2) driveway spots, plus the convenience of on-site laundry. Currently at 1.96% CAP with a 4.42% Market CAP, this property promises potential appreciation and rental upside with interior remodel. Short Term Rental Permits are also available for this property. According to Air DNA, the #1 platform for STR Data, The short- term yearly rental income is $196.5K. With its location, configuration, and upside - 119 40th St is an ideal asset for any Beach Cities investor or owner-user.

Multi-Family Pending

Price

^$ 2,150,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Duplex

Lot Size

0.0311

Year Built

1988

Town/City

Manhattan Beach

County/Region

Los Angeles

MLS | Web ID

PW24094744

Days on Market

Features

General

Sewer PublicSewer

Cooling CentralAir

Zoning MNRH

HOA 0.0

Garage Spaces 4.0

Pool Features None

Year Built 1988

View Ocean

Stories 1

Levels One

Property SubType Duplex

Community Features Biking

County Los Angeles

New Construction N

Property Type Residential

HOA / Comm Assn N

Attached Garage Y

Garage Y/N Y

Special Listing Conditions Standard

Status Pending

Directions 4 Parcels From the Strand

City Manhattan Beach

Entry Location 1

View Y/N Y

Senior Community Y/N N

High School District Manhattan Unified

Total Units 2

MLS Area 142 - Manhattan Bch Sand

Lot Size Square Feet 1353.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 40th

Listing Terms Conventional

Property Attached Y/N Y

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 15

Structure Type Duplex

Standard Status Pending

Occupancy Type Owner

Year Built Source Assessor

Tax Lot 22

Property Sub Type Additional Duplex

Expected Active Date 2024-05-10

Exterior

Lot Features Item25UnitsAcre

Water Source Public

Total Parking 4.0

Lot Size Area 1353.0

Spa N

Lot Size Acres 0.0311

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Fireplace Features None

Total Stories 2

Common Walls Item1CommonWall

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N N

Fireplace Y/N N

Full Baths 2

Street Suffix Street

Laundry Features CommonArea

Total Bedrooms 4

Entry Level 1

Electric On Property Y/N N

Main Level Bedrooms 4

Main Level Bathrooms 2

Total Baths 2

Living Area Units SquareFeet

Internal Only

Street Number 1 119

* Excluded Features

List By

Lyon Stahl Investment Real Est

Broker

(310) 425-9838

Phone

Affordability Calculator

$14,290

Per Month

Monthly Principal & Interest: $14,290
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Manhattan Beach, CA

Average List Price ^$6,187,969

Percent of Sale Price 188%

About Manhattan Beach, CA

34,789 Population

2% Since 2002

^$151,500 Median Income

43.46 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4338848 Elementary School

4338963 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/10/2024	$2,150,000		Listed Price

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119 40th Street, Manhattan Beach, CA, 90266 is a Multi-Family Home for sale at $2,150,000 with 1,552 sqft and a lot size of 0.0311. 119 40th Street has 4 bedrooms, 2.0 baths, and was built in 1988. The property's zip code is 90266 which is in Manhattan Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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119 40th Street

Multi-Family Home for sale in Manhattan Beach, CA

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