A four-unit investment property in Manhattan Beach, California. The property is located between Meadows Avenue and Sepulveda Blvd just blocks from Polliwog Park and the Manhattan Beach Middle School. This area is a solid majority-renter market with low vacancy rates.1250 Manhattan Beach Blvd consists of three one Bedroom one Bathroom units and one three Bedroom one Bathroom unit. All of the units are separately metered for gas and electricity. The property also offers four garage spaces. Due to its location and vintage of building, this property does not fall under Los Angeles Rent Control. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.
Listing courtesy of Jonathan Weir from Marcus & Millichap
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