Seller's Agent in 2022
Daniel O'Connor
Compass
(310) 261-7756
17 in this area
45 Total Sales
1320 Manhattan Ave Manhattan Beach, CA 90266
Estimated Value: $4,582,000 - $5,374,000
7
Beds
3
Baths
2,980
Sq Ft
$1,636/Sq Ft
Est. Value
Highlights
- Ocean View
- Open Floorplan
- Corner Lot
- Grand View Elementary School Rated A
- Bonus Room
- No HOA
About This Home
As of September 2022This generational investment opportunity is two blocks north of the Pier in the Manhattan Beach sand section. This unique tri-plex consists of a standalone 3-bedroom, 1-bathroom front unit and two 2-bedroom, 1-bathroom units, along with three covered carports with additional storage. With rents approximately 20% below market, this opportunity will not only provide an investor with upside in rents, but also a great hedge against inflation in this excellent rental market, which consistently enjoys low vacancy and turnover rates. This pride of ownership property has been well maintained. Set in a highly desirable section of Manhattan Beach, it is located only two blocks from The Strand and two blocks from Downtown dining and shopping. This is truly an extraordinarily unique asset in a highly attractive area offering an investor long term stable income, as well as the opportunity to add additional value via a thoughtful upgrade of the Property. This asset allows the possibility of long-term 30-year financing. Buyer to verify the possible opportunity to develop 3 townhomes.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1913
Lot Details
- 3,332 Sq Ft Lot
- 1 Common Wall
- Corner Lot
- Rectangular Lot
- Lot Sloped Down
Home Design
- Triplex
- Bungalow
- Entry on the 1st floor
- Turnkey
Interior Spaces
- 2,980 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Built-In Features
- Beamed Ceilings
- Ceiling Fan
- Recessed Lighting
- Living Room
- Bonus Room
- Ocean Views
Kitchen
- Galley Kitchen
- Gas Range
- Range Hood
- Dishwasher
- Tile Countertops
Flooring
- Tile
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Parking
- 3 Parking Spaces
- 3 Attached Carport Spaces
- Parking Available
- Side by Side Parking
- Assigned Parking
Outdoor Features
- Living Room Balcony
Utilities
- Heating System Uses Natural Gas
- Wall Furnace
- Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone
- Tax Lot 38
- Tax Tract Number 6174
- Assessor Parcel Number 4179025005
- $864 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- New Taxes Expense $47,289
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 19, 2022
Closed on
Sep 7, 2022
Sold by
Argo Series Llc
Bought by
Watchlist Manhattan Llc
Seller's Agent
Daniel O'Connor
Compass
Buyer's Agent
Daniel O'Connor
Compass
List Price
$4,299,000
Sold Price
$4,475,000
Premium/Discount to List
$176,000
4.09%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$399,827
Avg. Annual Appreciation
2.59%
Purchase Details
Closed on
Aug 31, 2007
Sold by
Mcnulty Michael F
Bought by
Argo Series Llc
Purchase Details
Closed on
Feb 1, 2007
Sold by
Mcnulty Michael F
Bought by
Argo Series Llc
Purchase Details
Closed on
Aug 8, 2001
Sold by
Mcnulty Diane Florence Behm and The Eleanor Behm Trust
Bought by
Mcnulty Diane Florence Behm
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Watchlist Manhattan Llc | $4,475,000 | Usa National Title | |
| Argo Series Llc | -- | None Available | |
| Argo Series Llc | -- | None Available | |
| Mcnulty Diane Florence Behm | $637,500 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/09/2022 09/09/22 | Sold | $4,475,000 | +4.1% | $1,502 / Sq Ft |
| 08/01/2022 08/01/22 | Pending | -- | -- | -- |
| 07/19/2022 07/19/22 | For Sale | $4,299,000 | -- | $1,443 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $51,903 | $4,655,790 | $4,447,710 | $208,080 |
| 2024 | $51,903 | $4,564,500 | $4,360,500 | $204,000 |
| 2023 | $50,555 | $4,475,000 | $4,275,000 | $200,000 |
| 2022 | $3,403 | $236,756 | $148,991 | $87,765 |
| 2021 | $3,453 | $232,115 | $146,070 | $86,045 |
| 2020 | $3,425 | $229,956 | $144,573 | $85,383 |
| 2019 | $3,375 | $225,453 | $141,739 | $83,714 |
| 2018 | $3,262 | $221,037 | $138,960 | $82,077 |
| 2016 | $2,805 | $212,244 | $133,565 | $78,679 |
| 2015 | $2,753 | $209,057 | $131,559 | $77,498 |
| 2014 | $2,739 | $204,962 | $128,982 | $75,980 |
Source: Public Records
Agents Affiliated with this Home
-
Daniel O'Connor
-
Adam Barshay
Seller Co-Listing Agent in 2022
Adam Barshay
Barshay Real Estate, Inc.
(310) 937-1501
3 in this area
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22155270
APN: 4179-025-005
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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