1400 15Th Street

Manhattan Beach, CA 90266

$2,550,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1958

calendar_month Built

Property Description

Presenting this exceptional duplex located on a rare and highly desirable corner lot in East Manhattan Beach, just over a mile from the beach. This property offers tremendous long-term income potential and exciting development possibilities. Featuring two updated and turnkey 3-bedroom, 2-bathroom units, it also includes a detached 2-car garage with Sunroom, a spacious driveway that can accommodate up to 3 additional vehicles, with spacious lot to potentially add ADU and JADU. With 2,600 sq. ft. of living space on a nearly 7,500 sq. ft. lot, this property presents a solid investment opportunity with projected annual income of $115,000 and a 4.1% cap rate. Nestled in a prime, sought-after neighborhood, residents will enjoy proximity to top-rated schools such as Meadows Avenue Elementary, Manhattan Beach Middle School, and the popular Polliwog Park—all just a short walk away. This property is an excellent opportunity for investors looking to leverage the strong rental market, potential for value-added development, and the long-term appreciation prospects of the Manhattan Beach Market.

Listing Information

List Price $2,550,000
Status Active
MLS PW25034625
Type Residential Income
Subtype Duplex
Year Built 1958
Lot Size 7,466
Structure Size N/A
DOM 7
Courtesy Of The CREM Group
Listing Agent Patrick Sweeney DRE#01467079

Interior Features

Laundry Information
Location(s) Laundry Closet
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Fireplace Information
Features None
Cooling Type
Cooling Type None
Heating Type
Heating Type Central

Exterior Information

Other Structures
Views City Lights

Maps

home_work Nearby Properties

Listing information courtesy of: Patrick Sweeney, The CREM Group 949-630-0561. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 23rd, 2025 at 2:25 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.