229 42nd Street Manhattan Beach, CA 90266
PRICED TO SELL! Rare half-lot duplex in great condition; outstanding value for west of Highland. Move-in ready!
Buyer only needs to qualify for loan on $1.6 million property since rental income from the other unit will carry the rest of the mortgage. This is a very rare 2-unit owner / investor property in the sand section west of Highland, a custom-built duplex and a perfect starter home for Manhattan Beach. With an elevator for the top unit and rental income from the 2nd unit, it would also make a great retirement home or 2ndhome by the beach. Live in one unit and rent out the other; or rent out both units.
The top unit (229 42nd Street) is currently renting at $3, 995 (lease expires May 2018). The downstairs unit (231 42nd Street) is renting at $3, 675 (lease expires March 2019).
-Amazing panoramic ocean views from PV to Malibu.
-Fireplace and ocean view deck in both units.
-Built in 1992 with many custom features; elevator from garage to top unit
-4 car garage (tandem 2+2), plus 3 car driveway parking; 7 parking spots total!
-Bright and sunny with lots of windows
-Wood floors and marble countertop kitchens, with upgraded appliances
-Walk to beach and restaurants
-Both units are approximately 950 square foot for a total living space of 1900. Tax record differs from previous MLS listing, buyer to verify square footage.
Cross reference MLS# IN18037909
Buyer to cooperate with 1031 exchange
- Price per Sqft: $1153
- Year Built: 1992
- Stories: 2
- Lot Size: 1,347 SqFt
- Garage Spaces: 4
- Interior: Elevator
- Fireplace: 1, Living Room
- Flooring: Carpet, Wood
- Pool Description: None
- Spa Description: None
- Lot Features: Landscaped
- Building Levels Description: Two
- Total Floors in Building: 2
- Property Condition: Turnkey
- Dryer: 1
- Cooling System: None
- Heating: Forced Air
- Parking Spaces: 7
- County: Los Angeles
- Area: 142 - Manhattan Bch Sand
- HOA Fee:
- HOA Fee Includes: Street Lighting
- Existing Rent: $7,670
Directions: West of Highland
Listing courtesy of THE REAL ESTATE GROUP
Based on information from California Regional Multiple Listing Service, Inc. 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.
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