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Windsor House 1150 Tennyson St 39 Unit Apartment Building $21,967,680 CAD ($563,274 CAD/Unit) 3.60% Cap Rate Manhattan Beach, CA 90266
Investment Highlights
- Manhattan Beach is regarded as one of the most desirable coastal communities in Southern California—consistently ranking among the top places to live!
- Outstanding Rental Location in a Landlord Friendly City!!!
- Excellent Investment Opportunity with Tremendous Value Add Potential!!!
- Great Unit Mix! Spacious Apartments! Beautiful Courtyard!
Executive Summary
Introducing an exceptional investment opportunity in the heart of Manhattan Beach. This multifamily property, boasting a 31,322 SF building with 39 units, represents a
prime asset for the discerning investor. With a 1963 construction date and MNRH zoning, this property is a rare opportunity in the area. Currently at 59% occupancy,
there is ample room for growth and income optimization. Embrace the potential for significant returns in a sought-after location, making this property a standout choice
for those seeking to expand their multifamily investment portfolio.
prime asset for the discerning investor. With a 1963 construction date and MNRH zoning, this property is a rare opportunity in the area. Currently at 59% occupancy,
there is ample room for growth and income optimization. Embrace the potential for significant returns in a sought-after location, making this property a standout choice
for those seeking to expand their multifamily investment portfolio.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,923,133
|
$44.76
|
| Other Income |
$12,851
|
$0.30
|
| Vacancy Loss |
$69,414
|
$1.62
|
| Effective Gross Income |
$1,866,570
|
$43.44
|
| Taxes |
$252,768
|
$5.88
|
| Operating Expenses |
$266,725
|
$6.21
|
| Total Expenses |
$519,493
|
$12.09
|
| Net Operating Income |
$1,347,077
|
$31.35
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,923,133 |
| Annual Per SF | $44.76 |
| Other Income (CAD) | |
|---|---|
| Annual | $12,851 |
| Annual Per SF | $0.30 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $69,414 |
| Annual Per SF | $1.62 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,866,570 |
| Annual Per SF | $43.44 |
| Taxes (CAD) | |
|---|---|
| Annual | $252,768 |
| Annual Per SF | $5.88 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $266,725 |
| Annual Per SF | $6.21 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $519,493 |
| Annual Per SF | $12.09 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $1,347,077 |
| Annual Per SF | $31.35 |
Property Facts
| Price | $21,967,680 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $563,274 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.89 AC |
| Cap Rate | 3.60% | Building Size | 42,966 SF |
| Sale Condition | Deferred Maintenance | Average Occupancy | 100% |
| Gross Rent Multiplier | 15.8 | No. Stories | 2 |
| No. Units | 39 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 0.98/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | MNRH - Residential High Density | ||
| Price | $21,967,680 CAD |
| Price Per Unit | $563,274 CAD |
| Sale Type | Investment |
| Cap Rate | 3.60% |
| Sale Condition | Deferred Maintenance |
| Gross Rent Multiplier | 15.8 |
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.89 AC |
| Building Size | 42,966 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 0.98/1,000 SF |
| Zoning | MNRH - Residential High Density |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
Site Amenities
- Controlled Access
- Clubhouse
- Courtyard
- Laundry Facilities
- Pool
- Property Manager on Site
- Gated
- Storage Space
- Multi Use Room
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $2,059 CAD | 400 |
| 1+1 | 18 | $3,158 CAD | 650 - 700 |
| 2+1.5 | 16 | $4,394 CAD | 900 |
| 2+1 | 1 | $4,119 CAD | 950 |
| 3+2 | 3 | $4,462 CAD | 1,100 |
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4168-012-035 | Total Assessment | $8,525,550 CAD (2025) |
| Land Assessment | $2,188,835 CAD (2025) | Annual Taxes | $252,768 CAD ($5.88 CAD/SF) |
| Improvements Assessment | $6,336,715 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
4168-012-035
Land Assessment
$2,188,835 CAD (2025)
Improvements Assessment
$6,336,715 CAD (2025)
Total Assessment
$8,525,550 CAD (2025)
Annual Taxes
$252,768 CAD ($5.88 CAD/SF)
Tax Year
2026
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Windsor House | 1150 Tennyson St
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