1436 12th Street

Manhattan Beach, CA 90266

$4,750,000

Closed

  • 6,742Sq. Ft.
  • 10,478Lot Size (Sq.Ft.)

This quaint building with 7 comfortable townhome-style apartment units sits on a quiet street in a great neighborhood of East Manhattan Beach. It’s close to Polliwog Park, and the units feature enclosed patios downstairs and large balcony decks upstairs. Occupying a substantial 10,503 sq. ft. lot that has some site specific unique concessions in the zoning code, this building offers plenty of flexibility in terms of investment options.?1. Keep it as-is and continue to lease the units?2. Renovate the building and lease the units at significantly higher rents?It is worth noting that the 2 bedroom/2 bath floor plan makes the units ideal for roommates. 3. Tear the building down and develope a new 10-unit apartment complex 4. Tear the building down and developing 7 new town home condominiums. Architectural feasibility studies are available on both of these options. This location is ideal for families and commuters alike. It’s close to parks, restaurants and shopping, minutes from both downtown Manhattan Beach to the West, and the 405 freeway, to the East. This is a huge opportunity in a great location—with lots of options.

Key Details

  • Type: Residential Income
  • Year Built: 1973
  • Days on Market: 32
  • Combined DOM* : 32
  • Close Date: August 24th, 2018
  • Status: Closed
  • Closed Price: $4,750,000
  • PPSF: $705
  • Orig. list price: $4,895,000
  • Date Listed: April 5th, 2018
  • MLS® #: SB18077643
  • APN: 4166009007
  • Special:

Additional Info

  • Stories: 2
  • Stories: Two
  • Parking Spaces: 18
  • Garage Spaces: 4

Community Information

Exterior

  • Lot Description: Lot 10000-19999 Sqft
  • Lot Size (sq. ft.): 10,478
  • Lot Size (acres): 0.00

Interior

  • Square Footage: 6,742
  • Heating: Radiant
  • Cooling: None

* 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” it, or sellers may change agents when a property has failed to sell.

Price History for 1436 12th Street, Manhattan Beach, CA (MLS® #SB18077643)

Date Details Price Change
Closed $4,750,000
Active Under Contract
Pending
Pending
Active Under Contract (from Active)
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Based on information from California Regional Multiple Listing Service, Inc. as of July 15th, 2019 at 11:45pm 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.