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216 14Th Street, Manhattan Beach, CA 90266
5
beds
3
baths
2442
ft2
· 4190
ft2 lot
$4,699,000
$1,924 / ft2
Listing provided courtesy of Brice Head, Marcus & Millichap.
Source CRMLS.
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.
HOA
$—/month
On market
7 months
Year built
1950
Property type
Multi-Family
Parking
MLS
20632408
Price / Sq.Ft.
$1,924 / ft2
Status
Active
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Property Details
Interior Features & Layout
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
Interior Size
•   
Building Area Total: 2442.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Garage
Building Info
•   
Zoning: MNRH
•   
Stories Total: 2
Lot Info
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.0900
•   
Lot Size Area: 4190.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 3
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 93104.00
•   
Total Expenses: 61522.00
•   
Gross Multiplier: 50.79
Tax/Assessment Info
•   
Gross Income: 92520.00
•   
Tax Year: 2019
•   
Taxes: 3113.0
Lease Info
•   
Net Operating Income: 31582.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1960.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1960.00
Unit 2 Information
•   
Unit 2 Actual Rent: 3300.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 3300.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 2450.00
•   
Unit 1 Total Rent: 2450.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: From Highland Avenue head east on 14th Street to 216.
Other
Calculation
•   
Dom: 166
•   
Cdom: 166
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 21, 2021 7:05am
Neighborhood snapshot
131
Properties for sale
17
Median days on market
$1153.85
Median sold price/sqft
98.45%
Sold/List %
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Property History
09/14/2020
09/14/2020
CRMLS #20632408
active
CRMLS #20632408
$4,699,000
--10.50%
10/03/2019
10/03/2019
CRMLS #SB19163094
sold
CRMLS #SB19163094
$5,250,000
+15.38%
10/01/2019
10/01/2019
Public Record
sold
Public Record
$4,550,000
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