NOT LISTED FOR SALE
11 Beds
6 Baths
4,210 Sq Ft
5,626 Sq Ft Lot

Sale Details

Date Sold: September 25, 2023

Last sale price $3,187,500 $757 Per Sq Ft

20 Days on Market

About This Home

As of September 2023

Welcome to 2102 Manhattan Beach Blvd. 5 units located across the street from the South Bay’s largest employers. This building has recently been completely rehabbed with improvements including, a full building electrical system upgrade, full roof replacement, new window system, new plumbing upgrades to include in unit washer/dryer infastructure, new garage doors, a new paver walkway with an exterior lighting package and improved landscaping. Unit interiors have been upgraded with, new two-tone cabinets and calacatta-quartz countertops, vinyl plank flooring with modern baseboards, new stainless steel appliance packages with Miele washer/dryers, new shaker doors, and soaking tubs with custom tiled showers and new plumbing hardware. Now operating at a 4.69% CAP, with units recently resigning first or second year terms at increased rates, this property is ready for someone to benefit from long term headache free stabilized cash-flow!

Last Agent to Sell the Property

Austin Zahn

Lyon Stahl Investment Real Estate, Inc. License #01936451 Listed on: 08/08/2023

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Patricia Blakemore

Elite Collective License #02079554

Elite Collective

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 5,626 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 5 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 4,210 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Listing and Financial Details

  • Legal Lot and Block 11 / 2
  • Assessor Parcel Number 4150002028
  • $1,978 per year additional tax assessments

Community Details

Overview

  • 5 Units

Building Details

  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,000
  • Professional Management Expense $10,000
  • Operating Expense $52,820
  • Gross Income $214,104
  • Net Operating Income $154,861

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

5,626 Sq Ft Lot

Parking

5

Listing Details

  • Professional Management Expense: 10000.00
  • Property Attached: Yes
  • Zoning: RBRMD
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 4150002028
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 757.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 5626.00
  • Lot Size Acres: 0.1292

Multi Family

  • Gross Income: 214104.00
  • Gross Scheduled Income: 214104.00
  • Insurance Expense: 3999.50
  • Lot Size Area: 5626.0000 Square Feet
  • Net Operating Income: 154861.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 52820.00
  • Rent Control: No
  • Total Expenses: 52820.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 6205.01
  • Tax Lot: 11
  • Tax Tract Number: B
  • TaxOtherAnnualAssessmentAmount: 1978.37
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
09/25/2023 09/25/23 Sold $3,187,500 -3.4% $757 / Sq Ft
08/08/2023 08/08/23 For Sale $3,300,000 +69.2% $784 / Sq Ft
08/18/2020 08/18/20 For Sale $1,950,000 +1.0% $463 / Sq Ft
08/14/2020 08/14/20 Sold $1,930,000 -- $458 / Sq Ft View Prior Sale
08/14/2020 08/14/20 Pending -- -- --
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 $38,598 $3,251,250 $1,836,000 $1,415,250
2024 $36,958 $3,187,500 $1,800,000 $1,387,500
2023 $24,020 $2,007,972 $1,456,560 $551,412
2022 $23,704 $1,968,600 $1,428,000 $540,600
2021 $23,156 $1,930,000 $1,400,000 $530,000
2020 $3,302 $121,005 $42,797 $78,208
2019 $2,917 $118,633 $41,958 $76,675
2018 $2,763 $116,308 $41,136 $75,172
2016 $2,638 $111,794 $39,540 $72,254
2015 $2,599 $110,116 $38,947 $71,169
2014 $2,605 $107,960 $38,185 $69,775
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23146544

California Regional Multiple Listing Service (CRMLS)
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