- N/A BR
- 0 BA
- N/A SqFt.
- 1,796 Lot
- $2,300,000
- Active
- DOM: 53
Description
119 40th Street presents a rare opportunity in the Sand Section, less than a block from the beach. This duplex offers (2) 2-Bed/1-Bath units, each showcasing stunning ocean views from living rooms and balconies. The property also features a spacious (4) car garage w/ storage compartments + (2) driveway spots, plus the convenience of on-site laundry. Currently at 1.96% CAP with a 4.42% Market CAP, this property promises potential appreciation and rental upside with interior remodel. Short Term Rental Permits are also available for this property. According to Air DNA, the #1 platform for STR Data, The short- term yearly rental income is $196.5K. With its location, configuration, and upside - 119 40th St is an ideal asset for any Beach Cities investor or owner-user.
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Property Details for 119 40th Street
Listing Details
- Listing Advertised By
- Dave Fratello, Edge(310) 243-6299|
|
- Listing Presented By
- Woody Stahl
- Listing Brokered By
- Lyon Stahl Investment Real Est
- Type
- Residential Income, Duplex
- Year Built
- 1988 (Assessor)
- MLS Area
- 142 - Manhattan Bch Sand
Price and MLS Information
- Status
- Closed | Listing History
- MLS Days on Mkt.
- 12 DOM
- Combined DOM*
- 12
- First Date Active
- May 10th, 2024
- Closing Date
- May 30th, 2024
- Sold Price
- $2,275,000
- Orig. List Price
- $2,150,000
- MLS® #
- PW24094707
- APN
- 4137009036
- Special
- Standard
Home Interior Information
- Levels/Stories
- Two
Room Information
- Laundry
- CommonArea
Exterior Information
- Lot Description
- 2-5 Units/Acre
- Lot Size (sq. ft.)
- 1,353
- Lot Size (acres)
- 0.03
- Pool
- None
- Parking Spaces
- 6
- Garage Spaces
- 4
Utilities Information
- Water Source
- Public
Additional Information
- Zoning
- MNRH
- Co-Agent
- John Stiegler II
- Co-Agent Office
- Lyon Stahl Investment Real Estate, Inc.
* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.
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Neighborhood Information
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Listing/Price History
119 40th Street, Manhattan Beach, (MLS® #PW24094707)
| Date | Details | Price | Change |
|---|---|---|---|
| Closed | $2,275,000 | – | |
| Pending (from Active) | – | – | |
| First Day Active | $2,150,000 | – |
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Listing Summary
Quick Summary of 119 40th Street: This home in Manhattan Beach is priced at $2,150,000 . The Duplex residence was originally built in 1988 and was listed on May 10th, 2024 at $2,150,000, showing 12 Days on Market currently. Contact Dave Fratello today for more information or to go see 119 40th Street.
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Based on information from California Regional Multiple Listing Service, Inc. as of October 11th, 2024 at 9:30pm PDT. 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.
