NOT LISTED FOR SALE

1446 Manhattan Beach Blvd Manhattan Beach, CA 90266

Manhattan Beach Area

Estimated Value: $2,394,000 - $3,442,000

7 Beds
5 Baths
3,420 Sq Ft
$835/Sq Ft Est. Value

Sale Details

Date Sold: August 18, 2021

Last sale price $2,500,000 $731 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $18,093 / mo

79 Days on Market

Highlights

  • No HOA
  • Bike Trail
  • 4-minute walk to Polliwog Park
  • Meadows Avenue Elementary School Rated A+
  • Gentle Sloping Lot

About This Home

As of August 2021

***GREAT INVESTMENT/1031 EXCHANGE OPPORTUNITY!!! 4-UNIT INCOME PROPERTY (2) 1 BED/1 BATH (1) 2 BED/1 BATH (1) 3 BED/2 BATH***
1446 Manhattan Beach Blvd offers four renovated apartments with a strong tenant mix. All units were updated in 2015 with vinyl wood flooring, and each unit has an individually operated garage space. There is a large 3 bedroom/2 bath front unit with a large bonus room that can be used as an extra bedroom, office, or exercise space. The two rear units are spacious 1 bedroom/1 bath that open onto a nicely landscaped rear patio for all tenants, with a shared BBQ and coin laundry facilities housed in its own building. Upstairs there is a large 2 bedroom/1 bath unit. The building is well-maintained and professionally managed.1446 offers a unique opportunity to own a strong 4 unit building in a prime Manhattan Beach location, centrally located to all schools and across the street from Polliwog Park.

Last Agent to Sell the Property

Matt Waxman

Ossia Real Estate License #01290178 Listed on: 05/19/2021

Last Buyer's Agent

Audrey Judson

Pacifica Properties Group, Inc. License #00872303

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 4,911 Sq Ft Lot
  • Two or More Common Walls
  • Gentle Sloping Lot

Parking

  • 4 Car Garage

Home Design

  • 3,420 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry in unit

Listing and Financial Details

  • Legal Lot and Block 5 / 7
  • Assessor Parcel Number 4167001043

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $350
  • Gardener Expense $1,200
  • Insurance Expense $2,500
  • Trash Expense $850
  • Water Sewer Expense $2,600
  • New Taxes Expense $31,200
  • Operating Expense $38,700
  • Gross Income $120,380
  • Net Operating Income $81,680

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

4,911 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 3.14
  • Property Attached: Yes
  • Water Sewer Expenses: 2600.00
  • Zoning: MNRH
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 4167001043
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 730.99

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 850.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Gentle Sloping
  • Lot Size Sq Ft: 4911.00
  • Lot Size Acres: 0.1127

Multi Family

  • Electric Expense: 350.00
  • Gross Income: 120380.00
  • Gross Multiplier: 21.60
  • Gross Operating Income: 120380.00
  • Gross Scheduled Income: 120380.00
  • Gross Spendable Income: 81680.00
  • Insurance Expense: 2500.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1100.00
  • Lot Size Area: 4911.0000 Square Feet
  • Net Operating Income: 81680.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 38700.00
  • Operating Expense Percent: 32.00
  • Rent Control: No
  • Total Actual Rent: 9940.00
  • Total Expenses: 38700.00

Tax Info

  • New Taxes Expense: 31200.00
  • Tax Block: 7
  • Tax Census Tract: 6208.00
  • Tax Lot: 5
  • Tax Tract Number: B

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2014
Closed on
Sep 26, 2014
Sold by
Bought by
Seller's Agent
Jack Gillespie
Vista Sotheby’s International Realty
Buyer's Agent
Matt Waxman
Ossia Real Estate
List Price
$1,569,000
Sold Price
$1,690,000
Premium/Discount to List
$121,000
7.71%
Current Estimated Value
$2,854,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,164,283
Avg. Annual Appreciation
4.56%

Purchase Details

Closed on
May 29, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$772,400
Interest Rate
4.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 29, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 21, 2003
Sold by
Bought by

Purchase Details

Closed on
May 12, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,530
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$439,600
Interest Rate
8.95%

Purchase Details

Closed on
Jul 2, 1997
Sold by
Bought by

Purchase Details

Closed on
Mar 23, 1994
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.37%

Purchase Details

Closed on
Mar 10, 1994
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.37%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,660,000 Lawyers Title
-- Progressive Title Company
-- --
$1,230,000 Chicago Title Co
-- Investors Title Company
$550,000 Investors Title Company
-- Fidelity National Title Co
$549,500 --
-- --
-- --
-- Provident Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $772,400
Previous Owner $750,000
Previous Owner $484,530
Previous Owner $439,600
Previous Owner $200,000
Closed $45,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/18/2021 08/18/21 Sold $2,500,000 -3.8% $731 / Sq Ft
05/19/2021 05/19/21 For Sale $2,600,000 +53.8% $760 / Sq Ft
10/10/2014 10/10/14 Sold $1,690,000 +7.7% $494 / Sq Ft View Prior Sale
08/27/2014 08/27/14 Pending -- -- --
08/13/2014 08/13/14 For Sale $1,569,000 -- $459 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $30,494 $2,653,019 $2,016,295 $636,724
2024 $30,076 $2,601,000 $1,976,760 $624,240
2023 $29,270 $2,550,000 $1,938,000 $612,000
2022 $28,769 $2,500,000 $1,900,000 $600,000
2021 $21,581 $1,843,132 $1,265,766 $577,366
2020 $21,385 $1,824,234 $1,252,788 $571,446
2019 $21,010 $1,788,466 $1,228,224 $560,242
2018 $20,574 $1,753,399 $1,204,142 $549,257
2016 $19,115 $1,685,315 $1,157,385 $527,930
2015 $18,723 $1,660,000 $1,140,000 $520,000
2014 $15,981 $1,398,616 $943,783 $454,833
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21107082

California Regional Multiple Listing Service (CRMLS)

APN: 4167-001-043

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