$3,199,000
$200K PRICE DROP

Estimated payment $20,901/month

Total Views 15,219
6 Beds
3 Baths
2,093 Sq Ft
$1,528 Price per Sq Ft

Highlights

  • Property is near a park
  • No HOA
  • Bike Trail
  • Grand View Elementary School Rated A
  • Laundry Room

About This Home

Prime Downtown Manhattan Beach location! This well maintained triplex is situated on 15th Street where Manhattan Avenue ends. Best priced full street to alley lot below Highland Ave in the sand section. Only steps to the beach, restaurants, shops and the famous MB Pier! Ocean view from two front units. Incredible large back deck for entertaining and sun bathing. All units are 2 bedrooms plus 1 bathroom and are month to month. Located in a zone that allows short term rentals creating fantastic upside for investors.

Listing Agent

Kevin Pratt

Strand Hill Properties Brokerage Phone: 310-738-2348 License #01023090 Listed on: 01/08/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 2,701 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 3 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 2,093 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Location

  • Property is near a park

Listing and Financial Details

  • Tax Lot 001
  • Tax Tract Number 9

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Recreation

  • Bike Trail

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,000
  • New Taxes Expense $40,000
  • Operating Expense $46,000
  • Gross Income $149,340
  • Net Operating Income $103,340

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Parking

3

Listing Details

  • CapRate: 3.10
  • Price Per Unit: 1066333
  • Property Attached: Yes
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 1528.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 2701.00
  • Lot Size Acres: 0.0620

Multi Family

  • Gross Income: 149340.00
  • Gross Scheduled Income: 149340.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 2701.0000 Square Feet
  • Net Operating Income: 103340.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 46000.00
  • Rent Control: No
  • Total Expenses: 46000.00

Tax Info

  • New Taxes Expense: 40000.00
  • Tax Lot: 001
  • Tax Tract Number: 09

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 Price Changed $3,199,000 0.0% $1,528 / Sq Ft
07/21/2025 07/21/25 Price Changed $3,199,000 -1.6% $1,528 / Sq Ft
05/01/2025 05/01/25 Price Changed $3,250,000 0.0% $1,553 / Sq Ft
05/01/2025 05/01/25 Price Changed $3,250,000 -1.5% $1,553 / Sq Ft
03/25/2025 03/25/25 Price Changed $3,299,000 0.0% $1,576 / Sq Ft
03/25/2025 03/25/25 Price Changed $3,299,000 -2.3% $1,576 / Sq Ft
02/25/2025 02/25/25 Price Changed $3,375,000 0.0% $1,613 / Sq Ft
02/24/2025 02/24/25 For Sale $3,375,000 -0.7% $1,613 / Sq Ft
01/08/2025 01/08/25 For Sale $3,399,000 0.0% $1,624 / Sq Ft
02/09/2024 02/09/24 Rented $4,400 0.0% --
01/08/2024 01/08/24 Under Contract -- -- --
12/28/2023 12/28/23 For Rent $4,400 0.0% --
01/03/2023 01/03/23 Rented $4,400 0.0% --
12/14/2022 12/14/22 Price Changed $4,400 -2.2% $5 / Sq Ft
12/05/2022 12/05/22 For Rent $4,500 +12.5% --
04/27/2020 04/27/20 Rented $4,000 0.0% --
04/12/2020 04/12/20 For Rent $4,000 0.0% --
06/05/2019 06/05/19 Rented $4,000 0.0% --
05/20/2019 05/20/19 For Rent $4,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25004839

California Regional Multiple Listing Service (CRMLS)