Log In/Sign Up
Your email has been sent.
Newly Renovated Vacant Duplex in El Porto 217 43rd St 2 Unit Apartment Building $3,071,024 CAD ($1,535,512 CAD/Unit) 3.25% Cap Rate Manhattan Beach, CA 90266
INVESTMENT HIGHLIGHTS
- Sand Section Ocean View Duplex in the Heart of El Porto
- Pride of Ownership Property | Units Are Newly Renovated with Quartz Countertops, New Flooring, and Premium Finishes Throughout
- Great Unit Mix - (1) 2-Bed/2-Bath Unit, (1) 1-Bed/1-Bath | Parking For Each Unit: (1) 2-Car Garage & (1) 1-Car Garage
- 1,368 SF Building Located West of Highland on a Half Lot (30’x45’)
- Electrical Undergrounding Has Been Completed | Other Upgrades Include Newer Windows, Upgraded Electrical Panels, and Repairs to the Roof
- Perfect Opportunity For an Owner User | Both Units are Vacant
EXECUTIVE SUMMARY
217 43rd Street is a beautifully updated ocean view duplex located west of Highland in the heart of El Porto, one of the most vibrant and desirable neighborhoods in Manhattan Beach’s Sand Section. Situated on a 30’x45’ half lot, this pride-of-ownership property offers the rare opportunity to own a fully vacant, turn-key asset in one of the most sought-after communities in Los Angeles.
The 1,368 square foot building features a well-designed unit mix of (1) 2-bedroom, 2-bathroom unit and (1) 1-bedroom, 1-bathroom unit—both of which have been recently renovated with quartz countertops, new flooring, and premium finishes throughout. Each unit is paired with private garage parking: a 2-car garage for the larger unit and a 1-car garage for the smaller unit.
Significant property upgrades have been completed, including newer windows, updated electrical panels, and recent roof repairs. Electrical undergrounding has also been completed, with cutover pending.
With both units delivered vacant, 217 43rd Street is a rare opportunity for an owner-user to live steps from the sand, or for an investor to operate a high-quality duplex in an A+ location. The property offers a 3.25% CAP rate and a 19.83 GRM in one of the premier coastal submarkets in Los Angeles.
The 1,368 square foot building features a well-designed unit mix of (1) 2-bedroom, 2-bathroom unit and (1) 1-bedroom, 1-bathroom unit—both of which have been recently renovated with quartz countertops, new flooring, and premium finishes throughout. Each unit is paired with private garage parking: a 2-car garage for the larger unit and a 1-car garage for the smaller unit.
Significant property upgrades have been completed, including newer windows, updated electrical panels, and recent roof repairs. Electrical undergrounding has also been completed, with cutover pending.
With both units delivered vacant, 217 43rd Street is a rare opportunity for an owner-user to live steps from the sand, or for an investor to operate a high-quality duplex in an A+ location. The property offers a 3.25% CAP rate and a 19.83 GRM in one of the premier coastal submarkets in Los Angeles.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,071,024 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $1,535,512 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.03 AC |
| Cap Rate | 3.25% | Building Size | 1,368 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1972/2025 |
| Property Subtype | Apartment | ||
| Zoning | RH - Residential High Density district | ||
| Price | $3,071,024 CAD |
| Price Per Unit | $1,535,512 CAD |
| Sale Type | Investment |
| Cap Rate | 3.25% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 1,368 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2025 |
| Zoning | RH - Residential High Density district |
1 1
CONTACTS
-
Woody Stahl -
Brett Lyon -
Duncan Backus -
Lyon Stahl Investment Real Estate, Inc.
1 of 29
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Newly Renovated Vacant Duplex in El Porto | 217 43rd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.