Seller's Agent in 2025
Patrick Sweeney
The CREM Group
(949) 973-6290
2 in this area
28 Total Sales
1400 15th St Manhattan Beach, CA 90266
3
Beds
2
Baths
2,600
Sq Ft
7,466
Sq Ft Lot
Highlights
- City Lights View
- Corner Lot
- Central Heating
- Meadows Avenue Elementary School Rated A+
- Laundry Room
About This Home
As of March 2025Presenting this exceptional duplex located on a rare and highly desirable corner lot in East Manhattan Beach, just over a mile from the beach. This property offers tremendous long-term income potential and exciting development possibilities. Featuring two updated and turnkey 3-bedroom, 2-bathroom units, it also includes a detached 2-car garage with Sunroom, a spacious driveway that can accommodate up to 3 additional vehicles, with spacious lot to potentially add ADU and JADU. With 2,600 sq. ft. of living space on a nearly 7,500 sq. ft. lot, this property presents a solid investment opportunity with projected annual income of $115,000 and a 4.1% cap rate. Nestled in a prime, sought-after neighborhood, residents will enjoy proximity to top-rated schools such as Meadows Avenue Elementary, Manhattan Beach Middle School, and the popular Polliwog Park—all just a short walk away. This property is an excellent opportunity for investors looking to leverage the strong rental market, potential for value-added development, and the long-term appreciation prospects of the Manhattan Beach Market.
Last Agent to Sell the Property
The CREM Group Brokerage Phone: 949-973-6290 License #01467079 Listed on: 02/15/2025
Last Buyer's Agent
The CREM Group Brokerage Phone: 949-973-6290 License #01467079 Listed on: 02/15/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 7,466 Sq Ft Lot
- No Common Walls
- Corner Lot
Parking
- 4 Open Parking Spaces
- 2 Car Garage
- Parking Available
- Tandem Uncovered Parking
- Off-Street Parking
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 2,600 Sq Ft Home
- 2-Story Property
- City Lights Views
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Additional Features
- Suburban Location
- Central Heating
Listing and Financial Details
- Legal Lot and Block 14 / 57
- Tax Tract Number 141
- Assessor Parcel Number 4166008020
Community Details
Overview
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $2,500
- Insurance Expense $2,500
- Maintenance Expense $1,100
- Trash Expense $1,800
- Water Sewer Expense $3,600
- Operating Expense $11,500
- Gross Income $115,000
- Net Operating Income $103,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 15, 2025
Closed on
Mar 13, 2025
Sold by
Ann Spadone Trust and Spadone Michael L
Bought by
Zebulon L Bidwell And Amy H Misawa Trust and Bidwell
Seller's Agent
Patrick Sweeney
The CREM Group
Buyer's Agent
Patrick Sweeney
The CREM Group
List Price
$2,550,000
Sold Price
$2,550,000
Views
10
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
$5,635
Avg. Annual Appreciation
0.26%
Purchase Details
Closed on
Dec 29, 2015
Sold by
Jacobson Ann Spadone and Ann Spadone Trust
Bought by
Jacobson Ann Spadone and Ann Spadone Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,390
Interest Rate
3.9%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jan 9, 2013
Sold by
Spadone Ann and Ann Spadone Trust
Bought by
Jacobson Ann Spadone
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$505,200
Interest Rate
3.31%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 9, 2002
Sold by
Jacobson Ann Spadone
Bought by
Spadone Ann and Ann Spadone Trust
Purchase Details
Closed on
Jun 11, 2001
Sold by
Rodriguez James T and Rodriguez Denise M
Bought by
Jacobson Ann Spadone
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,562
Interest Rate
7.05%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Mar 3, 1999
Sold by
Trust Rodriguez James T Tr Rodriguez Fam
Bought by
Rodriguez James T and Rodriguez Denise M
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,550,000 | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Interfamily Deed Transfer | -- | Fatcola | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $685,000 | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $193,390 | Credit Line Revolving | |
| Previous Owner | $505,200 | New Conventional | |
| Previous Owner | $556,562 | Stand Alone First |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/20/2025 03/20/25 | Sold | $2,550,000 | 0.0% | $981 / Sq Ft |
| 02/28/2025 02/28/25 | Pending | -- | -- | -- |
| 02/15/2025 02/15/25 | For Sale | $2,550,000 | 0.0% | $981 / Sq Ft |
| 02/04/2025 02/04/25 | Off Market | -- | -- | -- |
| 01/02/2025 01/02/25 | For Rent | -- | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $11,934 | $2,550,000 | $2,300,000 | $250,000 |
| 2024 | $11,934 | $992,091 | $905,203 | $86,888 |
| 2023 | $11,523 | $972,639 | $887,454 | $85,185 |
| 2022 | $11,331 | $953,568 | $870,053 | $83,515 |
| 2021 | $11,179 | $934,872 | $852,994 | $81,878 |
| 2019 | $10,888 | $907,145 | $827,695 | $79,450 |
| 2018 | $10,612 | $889,359 | $811,466 | $77,893 |
| 2016 | $9,748 | $854,825 | $779,956 | $74,869 |
| 2015 | $9,550 | $841,986 | $768,241 | $73,745 |
| 2014 | $9,430 | $825,494 | $753,193 | $72,301 |
Source: Public Records
Agents Affiliated with this Home
-
Patrick Sweeney
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25034625
APN: 4166-008-020
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