1741 2nd Street,  Manhattan Beach CA, 90266 (Residential Income)

1,463 sqft
Status: Sold
MLS#: SB16188371
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Last Updated: 12/7/2016 2:39 AM
Description for 1741 2nd Street Manhattan Beach, CA 90266
Lovely bread n butter duplex, consisting of two charming detached, single family cottages on one large lot. Front home includes 2 bedrooms, 1 bath, a living room, dining room, kitchen, plus a private fenced front yard (perfect for pet owners) and a large mature treed back yard that is shared with detached neighboring cottage some 40 feet away. The rear cottage is really charming and consists of 1 bedroom, 1 bathroom, a dining room, living room and its own gated private back yard perfect for pet owner tenants. Owners have always rented it out under market so room for improvement there. Perfect 1031 landing pad, for first time buyers who have a down payment but want subsidized mortgage payment help, or just a nice long term place to invest paying a significant premium over standard bank savings accounts. Live in the one bedroom and the existing rent on front unit two bedrooms covers approximately $850,000 in rent on interest only market rate loan. This little gem will not last.
Price
Sold Price:
$1,325,000
Sold Date:11/08/2016
Los Angeles
1,463 (approx)
SB16188371
Closed
Description
Lovely bread n butter duplex, consisting of two charming detached, single family cottages on one large lot. Front home includes 2 bedrooms, 1 bath, a living room, dining room, kitchen, plus a private fenced front yard (perfect for pet owners) and a large mature treed back yard that is shared with detached neighboring cottage some 40 feet away. The rear cottage is really charming and consists of 1 bedroom, 1 bathroom, a dining room, living room and its own gated private back yard perfect for pet owner tenants. Owners have always rented it out under market so room for improvement there. Perfect 1031 landing pad, for first time buyers who have a down payment but want subsidized mortgage payment help, or just a nice long term place to invest paying a significant premium over standard bank savings accounts. Live in the one bedroom and the existing rent on front unit two bedrooms covers approximately $850,000 in rent on interest only market rate loan. This little gem will not last.
Listing Information
Property Type: Cluster, Cottage, 1 Story
0.15 Acres 662,600 sq.ft. 1,463 (approx)
$905.67 1936
Yes- 2 spaces 1
2 Total
Neighborhood
Room Information
Family Room
Inside
Interior Features
Dishwasher, Gas Range/Cooktop
Hardwood, Linoleum
None, Ceiling Fan(s)
Wall Unit
No Fireplace
Exterior / Lot Features
2 Garage Spaces, 6 Parking Spaces, Unassigned
Composition
None
No Pool
Trees/Woods, Pool View
MNRS
Block, Wood
Street Lights, Two On a Lot, Curbs Walk, Suburban
Driving Directions
Cross Streets: Harkness and 2nd Street
Financial Considerations
4164009025
$4,150 Income ,$23,868Expense
Listing Price History

Manhattan Beach Real Estate

Manhattan Beach is located in California. Manhattan Beach, California 90266 has a population of 35,226.

The median household income in Manhattan Beach, California 90266 is $134,445. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Manhattan Beach 90266 is 40.4 years.

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Courtesy: Stroyke Properties Inc. Robb Stroyke
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