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    216 14Th St

    Manhattan Beach, CA 90266
    • $4,699,000
    • STATUS: Active
    • ON SITE: 9 days
    • ID#: 20-632408
    UPDATED: 28 min ago
    $4,699,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,442
      SQFT
    • $1,924
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:

    School Ratings & Info

    Description

    The combined offering is made up of 2 contiguous lots with a triplex on one (216 14th) and 4-plex on the other lot (220 14th). Seller's preference is to sell them together. The investment affords a Buyer a multifaceted opportunity the chance to cash flow #1 and #2 enjoy the inevitable capital appreciation that a world-renowned beach location brings. And of course, there's the option to develop new luxury apartments, condos, townhomes or a single-family residence with ADUs. The lots are larger than many in the sand section and go street-to-alley making development very easy. Many sand section lots are 30 x 90, whereas these parcels are 34 x 123.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-24T13:43:02.973. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/110007864
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    216 14Th St Manhattan Beach, CA 90266

    • Price: $4,699,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: 20-632408
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    2,442
    SQFT
    $1,924
    $/SQFT
    1950
    Built
    Neighborhood:
    Manhattan Beach Sand
    County:
    Los Angeles
    Area:
    Manhattan Beach Sand
    Property Description
    The combined offering is made up of 2 contiguous lots with a triplex on one (216 14th) and 4-plex on the other lot (220 14th). Seller's preference is to sell them together. The investment affords a Buyer a multifaceted opportunity the chance to cash flow #1 and #2 enjoy the inevitable capital appreciation that a world-renowned beach location brings. And of course, there's the option to develop new luxury apartments, condos, townhomes or a single-family residence with ADUs. The lots are larger than many in the sand section and go street-to-alley making development very easy. Many sand section lots are 30 x 90, whereas these parcels are 34 x 123.
    Exterior Features

    Lot Size Area 4190 Other Structures None Parking Garage Garage Total Parking 3

    Interior Features

    Baths Total 3.00 Cooling None Equipment Range/Oven Heating Wall

    Property Features

    Gross Income 92520 Gross Operating Income 93104 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 31582.00 Number Of Buildings 2 Number Of Units 3 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 61522 Type Of Units 1 And 2 Beds Year Built Source Assessor Zoning Mnrh

    Listing provided courtesy of Brice Head DRE#01330706 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-24T13:43:02.973. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355