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1250 Manhattan Beach Blvd 4 Unit Apartment Building $4,238,823 CAD ($1,059,706 CAD/Unit) 3.99% Cap Rate Manhattan Beach, CA 90266
Investment Highlights
- Pride-of-Ownership Turnkey Fourplex: Asset has been extensively renovated inside and out to support ongoing operations and rental demand
- Competitive Amenities Drive Rental Demand: In-unit laundry, remodeled interiors, new appliances, garages with E/V charging and SUP racks, and more
- Nine Percent Potential Upside in Rents
- Excellent Manhattan Beach Location: Just one mile from the Manhattan Beach Pier, conveniently near popular dining and outdoor recreation
- Unit Mix: Building offers one three-bed/two-bath and three one-bed/one-bath units
- RUBS Program Already In Place: RUBS recoups utility costs to maximize cash flow
Executive Summary
Marcus & Millichap is pleased to present to market 1250 Manhattan Beach Boulevard, a turnkey fourplex in sought-after Manhattan Beach, California. This offering presents an exciting opportunity to acquire a thoughtfully renovated asset loaded with quality upgrades and amenities in a strong coastal submarket.
1250 Manhattan Beach Boulevard features a mix of one three-bed/two-bath and three one-bed/one-bath units. All units have been remodeled with brand new kitchens, new baths, in-unit laundry, LVP flooring, new vinyl windows, new water heaters, and more. This asset’s extensive recent capital improvements list also includes a new roof, updated plumbing and electrical, and additional thoughtful upgrades to support ongoing property operations and support rental demand.
The property is located just one mile from the Manhattan Beach Pier, offering tenants easy access to the beach, dining, and retail (Target is less than a block away). This area boasts a strong tenant base: the average household income within one mile is over $216,000.
This asset’s extensive list of recent upgrades make it a pride-of-ownership asset and an excellent acquisition opportunity for any investor looking for a turnkey South Bay asset.
1250 Manhattan Beach Boulevard features a mix of one three-bed/two-bath and three one-bed/one-bath units. All units have been remodeled with brand new kitchens, new baths, in-unit laundry, LVP flooring, new vinyl windows, new water heaters, and more. This asset’s extensive recent capital improvements list also includes a new roof, updated plumbing and electrical, and additional thoughtful upgrades to support ongoing property operations and support rental demand.
The property is located just one mile from the Manhattan Beach Pier, offering tenants easy access to the beach, dining, and retail (Target is less than a block away). This area boasts a strong tenant base: the average household income within one mile is over $216,000.
This asset’s extensive list of recent upgrades make it a pride-of-ownership asset and an excellent acquisition opportunity for any investor looking for a turnkey South Bay asset.
Property Facts
| Price | $4,238,823 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $1,059,706 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 3.99% | Building Size | 3,692 SF |
| Gross Rent Multiplier | 17.68 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 1.08/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | MNRH | ||
| Price | $4,238,823 CAD |
| Price Per Unit | $1,059,706 CAD |
| Sale Type | Investment |
| Cap Rate | 3.99% |
| Gross Rent Multiplier | 17.68 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,692 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.08/1,000 SF |
| Zoning | MNRH |
Amenities
Unit Amenities
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 800 |
| 3+2 | 1 | - | 1,600 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4167-015-002 | Improvements Assessment | $577,908 CAD |
| Land Assessment | $533,450 CAD | Total Assessment | $1,111,358 CAD |
Property Taxes
Parcel Number
4167-015-002
Land Assessment
$533,450 CAD
Improvements Assessment
$577,908 CAD
Total Assessment
$1,111,358 CAD
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1250 Manhattan Beach Blvd
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