$3,900,000
SOLD FEB 6, 2025
4 Beds
4 Baths
2,628 Sq Ft
4,192 Sq Ft Lot

Recently Sold

$1,484 Per Sq Ft

2% Below List Price

14 Days on Market

Highlights

  • Ocean View
  • No HOA
  • Laundry Room
  • Grand View Elementary School Rated A
  • 4 Car Attached Garage
  • Rectangular Lot

About This Home

As of February 2025

Priced to sell, this property is being listed for lot value! Exceptional 4-unit apartment building just steps away from downtown and the iconic Manhattan Beach Pier. Nestled only 8 parcels away from the renowned beachfront, this property offers unparalleled convenience and coastal living. Two upper units boast ocean views from their decks, while the lower units feature enclosed patios doubling as a second bedroom. Situated on an oversized 4,190 square foot sand section lot, extending from street to alley, this property presents endless opportunities. Live in one unit and rent the others. Three brand new and presold condos are completing construction in 2025. Endless possibilities for value enhancement include remodeling and re-leasing, short-term rentals, owner occupancy with rental income, condominium conversion or tenancy in common (TIC), or redevelopment for a new project. Ample on-site parking with 10 spaces available, rare for a property in this location. Embrace the promise of capital appreciation in this sought-after beachfront locale. Indulge in the vibrant offerings of downtown Manhattan Beach, from shopping to fine dining, or unwind with a leisurely stroll along the nearby sunset-lit strand. This unique opportunity will elevate your investment portfolio.

Last Agent to Sell the Property

Akash Rohera

Rohera Capital Brokerage Phone: 310-567-9142 License #01998388 Listed on: 01/07/2025

Last Buyer's Agent

Akash Rohera

Rohera Capital Brokerage Phone: 310-567-9142 License #01998388 Listed on: 01/07/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 4,192 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot

Parking

  • 4 Car Attached Garage
  • 6 Open Parking Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 2,628 Sq Ft Home
  • 2-Story Property
  • Ocean Views

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • All Upper Level Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Additional Features

  • Rain Gutters
  • Wall Furnace

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Tax Lot 36
  • Tax Tract Number 6174
  • Assessor Parcel Number 4179025003
  • $848 per year additional tax assessments

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

4

Listing Details

  • Structure Type: Quadruplex
  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Zoning: MNRH
  • Property Sub Type: Quadruplex
  • Property Type: Residential
  • Parcel Number: 4179025003
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2628.00 Square Feet
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Entry Level: 1
  • Levels: Two
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 1484.02
  • Room Type: All Bedrooms Down, All Bedrooms Up

Exterior Features

  • View: Ocean
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Uncovered
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, In Garage, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 4192.00
  • Lot Size Acres: 0.0962

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4192.0000 Square Feet
  • Number Of Units Total: 4

Tax Info

  • Tax Census Tract: 6203.05
  • Tax Lot: 36
  • Tax Tract Number: 6174
  • TaxOtherAnnualAssessmentAmount: 848.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2025
Closed on
Jan 23, 2025
Sold by
220 14Th Street Llc
Bought by
Eta Investments Llc
Seller's Agent
Akash Rohera
Rohera Capital
Buyer's Agent
Akash Rohera
Rohera Capital
List Price
$3,999,000
Sold Price
$3,900,000
Premium/Discount to List
-$99,000
-2.48%
Views
17
Current Estimated Value
$3,945,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,250
Avg. Annual Appreciation
1.25%
Original Mortgage
$2,925,000
Outstanding Balance
$2,904,845
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$1,040,405

Purchase Details

Closed on
Mar 2, 2022
Sold by
Rosen Family Trust
Bought by
220 14Th Street Llc

Purchase Details

Closed on
Dec 15, 2011
Sold by
The Rosen Family Trust
Bought by
The Rosen Family Trust

Purchase Details

Closed on
Dec 2, 2011
Sold by
The 14Th St Trust A#220 C I C
Bought by
The Rosen Family Trust

Purchase Details

Closed on
Oct 19, 2011
Sold by
Hess William
Bought by
The 14Th St Trust #220 and Cic

Purchase Details

Closed on
Mar 17, 2010
Sold by
Hess William
Bought by
Tabibi Acqisitions Llc

Purchase Details

Closed on
Dec 27, 2007
Sold by
Hess William
Bought by
Hess William and Hess Wendy

Purchase Details

Closed on
Feb 21, 2007
Sold by
Marco Albert
Bought by
Hess William and Hess Wendy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,560,000
Interest Rate
9.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 3, 1998
Sold by
Boring Taylor I
Bought by
Marco Albert and Marco Madeleine Cazian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,500
Interest Rate
3.35%
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

Date Type Sale Price Title Company
Grant Deed $3,900,000 Lawyers Title Company
Grant Deed $4,000,000 Lawyers Title
Interfamily Deed Transfer -- None Available
Grant Deed -- Orange Coast Title
Trustee Deed $2,060,000 Accommodation
Grant Deed -- None Available
Interfamily Deed Transfer $400,000 None Available
Grant Deed $3,200,000 Fidelity National Title
Grant Deed $950,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,925,000 New Conventional
Previous Owner $2,560,000 Negative Amortization
Previous Owner $712,500 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/06/2025 02/06/25 Sold $3,900,000 -2.5% $1,484 / Sq Ft
01/21/2025 01/21/25 Pending -- -- --
01/07/2025 01/07/25 For Sale $3,999,000 -- $1,522 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $47,506 $4,244,831 $4,138,711 $106,120
2024 $47,506 $4,161,600 $4,057,560 $104,040
2023 $46,243 $4,080,000 $3,978,000 $102,000
2022 $29,087 $2,532,918 $1,538,691 $994,227
2021 $28,673 $2,483,254 $1,508,521 $974,733
2019 $27,907 $2,409,601 $1,463,778 $945,823
2018 $27,329 $2,362,355 $1,435,077 $927,278
2016 $25,473 $2,270,624 $1,379,352 $891,272
2015 $24,948 $2,236,518 $1,358,633 $877,885
2014 $24,613 $2,192,709 $1,332,020 $860,689
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25003599

California Regional Multiple Listing Service (CRMLS)

APN: 4179-025-003