323 Marine Avenue Manhattan Beach, CA ^$ 3,400,000

323 Marine Avenue

^$ 3,400,000

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323 Marine Avenue

Manhattan Beach, CA, 90266

^$ 3,400,000

Bedrooms5 Baths3.0 Sq 2,256

Monthly Estimate*

^$ 22,597

Listed by Lyon Stahl Investment Real Est

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Multi-Family Home for sale in Manhattan Beach, CA

for $3,400,000 with 5 bedrooms and 3 full baths. This 2,256 square foot home was built in 1939 on a lot size of 0.0617.

Lowest-priced full lot (30’ x 90’) in the Sand Section! A+ location with ocean views situated just a few blocks from The Strand! The front building has (2) 2-Bed/1-Bath units and the rear building has a 1-Bed/1-Bath unit above the 3 Car Garage. This is a great opportunity to build your dream house with big ocean views, and if you are not ready to build, increase the revenue by renting the existing units as short-term rentals. The redeveloped property to the East has White-Water Panoramic Ocean Views from PV to Malibu and sold for $6.9M in 2017.

Multi-Family Active

Price

^$ 3,400,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

MixedUse

Lot Size

0.0617

Year Built

1939

Town/City

Manhattan Beach

County/Region

Los Angeles

MLS | Web ID

PW24030124

Days on Market

113

Features

General

Sewer PublicSewer

Zoning MNRM

Garage Spaces 3.0

Pool Features None

Year Built 1939

Property SubType MixedUse

Gross Income 106140.0

Community Features Biking

County Los Angeles

Net Operating Income 56302.0

Operating Expense 49838.0

Insurance Expense 1354.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions 4 Parcels NE from the Corner of Highland Ave and Marine Ave

City Manhattan Beach

Entry Location 1

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 3

MLS Area 142 - Manhattan Bch Sand

Lot Size Units SquareFeet

Lot Size Square Feet 2689.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Marine

Listing Terms Conventional

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 2400.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 56

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 13

Property Sub Type Additional MixedUse

Expected Active Date 2024-02-13

Taxes 41700.0

Exterior

Lot Features Item25UnitsAcre

Water Source Public

Total Parking 3.0

Lot Size Area 2689.0

Number of Buildings 2

Spa N

Building Area Total 2256.0

Lot Size Acres 0.0617

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 3

Number of Separate Electric Meters 3

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 323

* Excluded Features

List By

Lyon Stahl Investment Real Est

Broker

(310) 726-3391

Phone

Affordability Calculator

$22,597

Per Month

Monthly Principal & Interest: $22,597
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Manhattan Beach, CA

Average List Price ^$6,606,703

Percent of Sale Price 94%

About Manhattan Beach, CA

34,789 Population

2% Since 2002

^$151,500 Median Income

43.46 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/13/2024	$3,400,000		Listed Price

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323 Marine Avenue, Manhattan Beach, CA, 90266 is a Multi-Family Home for sale at $3,400,000 with 2,256 sqft and a lot size of 0.0617. 323 Marine Avenue has 5 bedrooms, 3.0 baths, and was built in 1939. The property's zip code is 90266 which is in Manhattan Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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323 Marine Avenue

Multi-Family Home for sale in Manhattan Beach, CA

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