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    220 14Th St

    Manhattan Beach, CA 90266
    • $4,699,000
    • STATUS: Active
    • ON SITE: 3 days
    • ID#: 20-632470
    New On Site 3 Days Ago
    UPDATED: 47 min ago
    $4,699,000
    • 4
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,628
      SQFT
    • $1,788
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    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 2020-09-18T22:42:29.52. 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/110007868
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    220 14Th St Manhattan Beach, CA 90266

    • Price: $4,699,000
    • Status: Active
    • Updated: 47 min ago
    • ID#: 20-632470
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    2,628
    SQFT
    $1,788
    $/SQFT
    1959
    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 4192 Other Structures None Parking Garage Garage Total Parking 5

    Interior Features

    Baths Total 4.00 Cooling None Equipment Range/Oven Heating Wall

    Property Features

    Gross Income 143100 Gross Operating Income 138807 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 73926.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Assessor Total Annual Expense 64881 Type Of Units 1 Bedroom 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 2020-09-18T22:42:29.52. 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