NOT LISTED FOR SALE

2600 Alma Ave Manhattan Beach, CA 90266

6 Beds
5 Baths
3,534 Sq Ft
3,495 Sq Ft Lot

Last Sold May 29, 2018

Last sale price $3,800,000 $1,075 Per Sq Ft

90 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • No HOA
  • Grand View Elementary School Rated A
  • Lawn
  • 1-minute walk to Bruce's Beach

About This Home

As of May 2018

It doesn’t get better than this! A prime location just a few blocks from the beach for a buildable town-home or single family lot in the Sand Section of Manhattan Beach. This ideal property is on the South facing corner, is a full 33.33 x 105 lot with a well maintained duplex. The duplex includes a four bedroom, 3 bath with fireplace, large 500 sqft deck, family room with mini kitchen, 2 car garage and ocean views! The other spacious unit also has ocean views, 2 bedroom, 2 bath, fireplace, and 2 car attached garage. Being on Alma, this property sits at the top of the hill for stunning views of the ocean and sunsets year round. This is a fantastic opportunity with many different options. One, you could rent both units out for a long term ownership. Two, rent one unit and live in the other unit to offset the mortgage payments. Three, tear down and build 2 new amazing townhomes, and sell for a profit. Four, build two townhomes, sell one and live in the other. Five, build a gorgeous custom single family home and live in a heaven like community where the beach can be your playground every single day. This property currently receives just over $10,000 a month income, and there are 8-11 parking spots depending on the size of your car! Manhattan Beach is one of the most sought after communities, with a relaxed beach vibe and short commute to the Westside for anyone commuting. It’s your turn to start living the good life!

Last Agent to Sell the Property

Ed Kaminsky

eXp Realty of California, Inc License #00958114 Listed on: 01/25/2018

eXp Realty of California, Inc

Last Buyer's Agent

Gary Kooba

Vista Sotheby’s International Realty License #00578697

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 3,495 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Corner Lot
  • Lawn

Parking

  • 4 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 3,534 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Living Room Balcony

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 11
  • Assessor Parcel Number 4177013010

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,705
  • Insurance Expense $3,857
  • Other Expense $4,420
  • Water Sewer Expense $2,336
  • New Taxes Expense $53,687
  • Operating Expense $66,005
  • Gross Income $121,200
  • Net Operating Income $55,195

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

4

Listing Details

  • Inclusions: W/D in Unit A
  • Property Attached: Yes
  • Water Sewer Expenses: 2336.00
  • Zoning: MNRM
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1705.00
  • Parcel Number: 4177013010
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Living Room Balcony
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Stone, Wood
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 1075.27

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Radiant
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Landscaped, Lawn
  • Lot Size Sq Ft: 3495.00

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Income: 121200.00
  • Gross Scheduled Income: 121200.00
  • Insurance Expense: 3857.00
  • Net Operating Income: 55195.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 66005.00
  • Other Expense: 4420.00
  • Rent Control: No
  • Total Actual Rent: 10100.00
  • Total Expenses: 66005.00

Tax Info

  • New Taxes Expense: 53687.00
  • Tax Census Tract: 6203.05
  • Tax Lot: 11

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 List to Sale Price per Sq Ft
05/29/2018 05/29/18 Sold $3,800,000 0.0% $1,075 / Sq Ft
04/25/2018 04/25/18 Pending -- -- --
04/25/2018 04/25/18 Off Market $3,800,000 -- --
04/06/2018 04/06/18 Price Changed $3,975,000 -2.9% $1,125 / Sq Ft
03/20/2018 03/20/18 Price Changed $4,095,000 -4.7% $1,159 / Sq Ft
02/17/2018 02/17/18 For Sale $4,295,000 0.0% $1,215 / Sq Ft
02/01/2018 02/01/18 Pending -- -- --
01/25/2018 01/25/18 For Sale $4,295,000 -- $1,215 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18018196

California Regional Multiple Listing Service (CRMLS)

APN: 4177-013-010