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119 40th Street

Manhattan Beach, 90266

4 Bd
2 Ba
1,552 Sqft
1,353 Lot
$2,150,000 Current Price
Pending Status
15 Days on Market
May 10 First Day Active
$2,150,000 Start Price

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|
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Listing Presented By
Woody Stahl
Listing Brokered By
Lyon Stahl Investment Real Est
Type
Residential, Duplex
Year Built
1988 (Assessor)
MLS Area
142 - Manhattan Bch Sand

Price and MLS Information

Status
Pending | Listing History
MLS Days on Mkt.
15 DOM
Combined DOM*
15
First Date Active
May 10th, 2024
Current Price
$2,150,000
Current PPSF
$1,385
Orig. List Price
$2,150,000
MLS® #
PW24094744
APN
4137009036
Special
Standard

Home Interior Information

Levels/Stories
One
Bedrooms
4
Total Baths
2
Full Baths
2
Int. Sqft.
1,552
Cooling
Central Air
Fireplaces
None

Room Information

Room Type
Kitchen, Laundry
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
4
Garage Spaces
4

View, Style & Tour Information

View
Ocean

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

MLS Area
142 - Manhattan Bch Sand
City/State
Manhattan Beach
Zip Code
90266
County
Los Angeles
# of Units
2
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School Information

District
Manhattan Unified
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Listing/Price History

119 40th Street, Manhattan Beach, (MLS® #PW24094744)

Date Details Price Change
Pending (from Active)
First Day Active $2,150,000
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Listing Summary

Quick Summary of 119 40th Street: This 4 Bedroom/2 Bathroom home in Manhattan Beach is priced at $2,150,000 ($1,385/PSF) . The 1,552 sqft. Duplex residence was originally built in 1988 and was listed on May 10th, 2024 at $2,150,000, showing 15 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 May 27th, 2024 at 12:45pm 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.