4216 Manhattan Beach Boulevard,  Lawndale CA, 90260 (Residential Income)

2,325 sqft
Status: Active
MLS#: SB16196324
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Last Updated: 12/3/2016 11:59 PM
Description for 4216 Manhattan Beach Boulevard Lawndale, CA 90260
Great R-3 zoning DEVELOPMENT opportunity! 3 separate lots totaling 14,418 sq ft per assessor. Convenient Lawndale location--only 4 miles to the Beach. Close proximity to Silicon Beach, El Segundo & the new future LA Rams Stadium. 4216 & 4208 Manhattan Beach Blvd, both properties combined can be developed up to 10 units per City of Lawndale. Great street frontage on Manhattan Beach Blvd, with alley access. Dimensions of Lots combined are approx. 120 feet X 120 feet. Buyers to investigate & research development possibilities independently with the City. Currently, there are 2 houses, with the 3 bd/ 2 ba house having 1,488 sq. ft., while the 2 bd./1 ba home has 837 sq. ft. Total rental income on the 2 homes are approx. $4,000 per month which can help pay expenses until lots are ready for development. Sellers will NOT do any termite work or repairs, as they are selling AS-IS for Land Value. Lots included in sale price are : Lots 17, 18 & 19 of tract 7422.
Price
$1,699,988
Los Angeles
2,325 (approx)
SB16196324
Active
Description
Great R-3 zoning DEVELOPMENT opportunity! 3 separate lots totaling 14,418 sq ft per assessor. Convenient Lawndale location--only 4 miles to the Beach. Close proximity to Silicon Beach, El Segundo & the new future LA Rams Stadium. 4216 & 4208 Manhattan Beach Blvd, both properties combined can be developed up to 10 units per City of Lawndale. Great street frontage on Manhattan Beach Blvd, with alley access. Dimensions of Lots combined are approx. 120 feet X 120 feet. Buyers to investigate & research development possibilities independently with the City. Currently, there are 2 houses, with the 3 bd/ 2 ba house having 1,488 sq. ft., while the 2 bd./1 ba home has 837 sq. ft. Total rental income on the 2 homes are approx. $4,000 per month which can help pay expenses until lots are ready for development. Sellers will NOT do any termite work or repairs, as they are selling AS-IS for Land Value. Lots included in sale price are : Lots 17, 18 & 19 of tract 7422.
Listing Information
Property Type: Cluster, 1 Story
0.33 Acres 1,441,800 sq.ft. 2,325 (approx)
$731.18 1939
Yes- 2 spaces 1
2 Total
Neighborhood
Room Information
Exterior / Lot Features
2 Garage Spaces, 2 Parking Spaces
None
No Pool
120 X 120
Sidewalks, Street Lights, Curbs Walk, Storm drains
Driving Directions
4216 & 4208 Manhattan Beach Blvd Cross Streets: between Hawthorne & Freeman
Financial Considerations
4074004015
$48,000 Income ,$26,601Expense
Listing Price History

Lawndale Real Estate

Lawndale is located in California. Lawndale, California 90260 has a population of 32,807.

The median household income in Lawndale, California 90260 is $48,727. 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 Lawndale 90260 is 31.6 years.

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Courtesy: Damira Bacic Damira Bacic
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