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Highest Income Producing Property: Manhattan Sand
301 16th Street, Manhattan Beach, CA 90266
$3,235,000.00
 
Once in a lifetime opportunity to own one of the biggest, brightest and best panoramic ocean view properties in Manhattan Beach. Located on an oversized lot on a premier walkstreet just 2 blocks to the beach and within walking distance to all of the fabulous shops and restaurants that downtown Manhattan Beach has to offer. This special property features spectacular and unblockable ocean views from virtually every window, hardwood and marble floors throughout, dual-pane Anderson windows, and so much more. One of only a handful of homes in the sand section with over 6,000 square feet, the possibilities for this property are endless. Currently used by the owner as a triplex, the home is broken down into 3 separate income units but can easily be converted back into 2 units or even to a very large single family home. The main home has 3 bedrooms, 3 baths, with 3,100 square feet. The second unit has 2 bedrooms, 3 baths with 2,400 square feet. The third unit has 1 bedroom, 1 bath with 800 square feet. Total pro forma income for all 3 units is $169,000 per year. For this price, you are basically buying a 3,900 square foot home on a walkstreet and getting a 2,400 square foot townhouse for free! Priced below replacement cost - this property is a steal!!! Co Listed with Alex Gass. Please contact John Corrales at (310)346-3332 or Alex Gass at (310)418-0869
Property Details
Property Type:Single Family Home
Property Status:For Sale
MLS Number:S10102430
Beds:6 Bedrooms
Baths:6 Bathrooms
Garage:9 Parking Spaces; 5 Garage Spaces
Agent Information
Company:Northwest Realty
Contact:John Corrales
Business Phone:(310) 346 - 3332
Email:corralesjohn@aol.com
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