119 40th Street Manhattan Beach, CA 90266
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site12 Days
- MLS StatusPending
- MLS ID NumberPW24094707
- Home Size Source N/A
- Year BuiltN/A
- Lot Size0.0311 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Terms Conventional
- Stories 2 Story
Exterior Features
- Pool N/K