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2208 The Strand, Manhattan Beach, CA 90266

Property Details

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2208 The Strand
Manhattan Beach, CA 90266

For Sale: $9,750,000

Property Type: Fourplex
MLS#: SB18014991

  • Building Size: 5193 SF
  • Lot Size: 3512 SF
  • Number of Units: 4
  • Number of Stories: 4
  • Year Built: 1972
  • Days on market: 266
  • Cap Rate: 0.90
  • Net Operating Income: $92,451
  • Rent Control: No
  • GRM: 48.40
  • Contact Listing Agent Direct:
  • Alex Smith, Keller Williams Beach Cities

Property Description

This is THE STRAND income property *HOLD or BUILD* opportunity you've been waiting for! On what is arguably the most coveted beach front street in Southern California, you'll enjoy unprecedented appreciation with 100% year round tenancy! You can invest in capital improvements immediately (possibly significantly increase the finished square footage on the 3rd and 4th levels) and can always Build your Dream Home in the future! The existing 4 unit property has a combined 5193 interior sq ft with (3) 2 Bed, 2 Bath units and (1) 3 Bed, 2 Bath unit. Totaling 9 beds, 8 baths, and 9 covered parking spaces, this beachfront STRAND property will be rented year round at top of market rents! Current Gross rents $18,530/mo or $216,800/yr.

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2208 The Strand, Manhattan Beach, CA 90266

Based on information from California Regional Multiple Listing Service, Inc. as of March 27, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Alex Smith, Keller Williams Beach Cities

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