$2,850,000
SOLD MAY 17, 2024
5 Beds
3 Baths
2,268 Sq Ft
2,711 Sq Ft Lot

Recently Sold

$1,257 Per Sq Ft

25% Below List Price

37 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Traditional Architecture
  • Private Yard
  • Opal Robinson Elementary School Rated A
  • Park or Greenbelt View
  • No HOA

About This Home

As of May 2024

PRIME located duplex located in the heart of Manhattan Beach on the north side of a south Sand Section walk-street with 6 - 8 car parking on-site. Stunning southern views from the upstairs balcony, great natural lighting in both units, walk-street frontage with southern facing front patio, and quick + easy access to enjoy fantastic downtown restaurants, shopping, the green belt hiking path, Metlox Plaza, and wind up at the pier + beach for water/beach sports or a long walk on the Strand. Tons of potential through repositioning of the current rents, remodeling and re-renting, live in one unit and rent the other, short term rentals (in the coastal zone) or build a new SFR with ADU. Lower tenant (2 bed/1 bath) vacating at the end of March and will be easy to show thereafter.

Last Agent to Sell the Property

Mike Rossi

Strand Hill Properties Brokerage Phone: 310-849-9601 License #01089100 Listed on: 03/11/2024

Last Buyer's Agent

Mike Rossi

Strand Hill Properties Brokerage Phone: 310-849-9601 License #01089100 Listed on: 03/11/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,226

Year Built

  • Built in 1970

Lot Details

  • 2,711 Sq Ft Lot
  • 1 Common Wall
  • Partially Fenced Property
  • Fence is in average condition
  • Rectangular Lot
  • Level Lot
  • Private Yard
  • Front Yard
  • Density is 16-20 Units/Acre

Parking

  • 6 Open Parking Spaces
  • 2 Car Garage
  • Attached Carport
  • Parking Available

Home Design

  • Duplex
  • Traditional Architecture
  • Turnkey
  • Slab Foundation
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 2,268 Sq Ft Home
  • 2-Story Property
  • Sliding Doors
  • Laminate Flooring
  • Park or Greenbelt Views

Kitchen

  • Galley Kitchen
  • Gas Oven
  • Gas Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Outdoor Features

  • Living Room Balcony
  • Outdoor Grill

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 15 / 3
  • Tax Tract Number 4795
  • Assessor Parcel Number 4179008019
  • $599 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Water Sports
  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $3,000
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $41,000
  • Operating Expense $37,600
  • Gross Income $84,600
  • Net Operating Income $36,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,226

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 1647500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: MNRM
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 4179008019
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Interior Amenities: Balcony, Living Room Balcony
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 1256.61
  • Room Type: All Bedrooms Down, All Bedrooms Up, Galley Kitchen

Exterior Features

  • Foundation: Slab
  • Exterior Features: Barbecue Private
  • View: Park/Greenbelt
  • Fence: Yes
  • Fencing: Average Condition, Partial
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, In Garage, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre, Front Yard, Level with Street, Rectangular Lot, Walkstreet, Yard
  • Lot Size Sq Ft: 2711.00
  • Lot Size Acres: 0.0622

Multi Family

  • Average2 Bed Area: 900 Square Feet
  • Average3 Bed Area: 1268 Square Feet
  • Gross Income: 84600.00
  • Gross Scheduled Income: 84000.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 2711.0000 Square Feet
  • Net Operating Income: 36400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 47600.00
  • Rent Control: No
  • Total Expenses: 37600.00

Tax Info

  • New Taxes Expense: 41000.00
  • Tax Block: 3
  • Tax Census Tract: 6209.04
  • Tax Lot: 15
  • Tax Tract Number: 4795
  • TaxOtherAnnualAssessmentAmount: 599.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2024
Closed on
May 10, 2024
Sold by
Barber Michael Henry and Barber Matthew Chance
Bought by
Ten Investments 429 Llc
Seller's Agent
Mike Rossi
Strand Hill Properties
Buyer's Agent
Mike Rossi
Strand Hill Properties
List Price
$3,800,000
Sold Price
$2,850,000
Premium/Discount to List
-$950,000
-25%
Views
3
Current Estimated Value
$3,133,048

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$283,048
Avg. Annual Appreciation
10.37%

Purchase Details

Closed on
Mar 6, 2024
Sold by
Barber Family Revocable Living Trust and Barber Leslie
Bought by
Barber Michael Henry and Barber Matthew Chance

Purchase Details

Closed on
Aug 4, 2008
Sold by
Barber David Michael and Barber Michael D
Bought by
Barber David Michael and Barber Leslie
Source: Public Records

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Range of Values:

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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 $2,850,000 Upward Title Company
Quit Claim Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2024 05/17/24 Sold $2,850,000 0.0% $1,257 / Sq Ft
05/17/2024 05/17/24 Sold $2,850,000 -13.5% $1,257 / Sq Ft
05/01/2024 05/01/24 Price Changed $3,295,000 0.0% $1,453 / Sq Ft
05/01/2024 05/01/24 Price Changed $3,295,000 -2.9% $1,453 / Sq Ft
04/17/2024 04/17/24 Pending -- -- --
04/17/2024 04/17/24 Pending -- -- --
04/13/2024 04/13/24 Price Changed $3,395,000 0.0% $1,497 / Sq Ft
04/13/2024 04/13/24 Price Changed $3,395,000 -2.9% $1,497 / Sq Ft
04/08/2024 04/08/24 Price Changed $3,495,000 0.0% $1,541 / Sq Ft
04/08/2024 04/08/24 Price Changed $3,495,000 -2.8% $1,541 / Sq Ft
03/20/2024 03/20/24 Price Changed $3,595,000 0.0% $1,585 / Sq Ft
03/20/2024 03/20/24 Price Changed $3,595,000 -4.1% $1,585 / Sq Ft
03/15/2024 03/15/24 Price Changed $3,750,000 0.0% $1,653 / Sq Ft
03/15/2024 03/15/24 Price Changed $3,750,000 -1.3% $1,653 / Sq Ft
03/12/2024 03/12/24 For Sale $3,800,000 0.0% $1,675 / Sq Ft
03/11/2024 03/11/24 For Sale $3,800,000 -- $1,675 / 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
2024 $4,226 $317,057 $174,387 $142,670
2023 $4,058 $310,841 $170,968 $139,873
2022 $3,995 $304,747 $167,616 $137,131
2021 $3,990 $298,773 $164,330 $134,443
2019 $3,893 $289,912 $159,456 $130,456
2018 $3,785 $284,229 $156,330 $127,899
2016 $3,331 $273,194 $150,260 $122,934
2015 $3,266 $269,091 $148,003 $121,088
2014 $3,236 $263,821 $145,104 $118,717
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24048122

California Regional Multiple Listing Service (CRMLS)

APN: 4179-008-019