coming soon

1446 & 1450 12th Street

$5,800,000

manhattan Beach CA 90266

Co listed with Caskey and Caskey. This is a very rare and great opportunity for the right investor to own 2 side by side lots with 4 units on either property. The two buildings are mirrors of each other. Owners currently seeking $5,800,000 for both.

Each lot is 7,010 sq ft (totaling 14,020 sq ft) with mature eucalyptus tree’s, new retaining wall in front with brand draught tolerant landscaping. 

1446 12th Street:

#A - 3 bed / 2.5 bth 1600 Sq Ft
$4,250 p/m 

#B - 2 bed / 1.5 bth 1100 sq ft
$3,000 P/M

#C - 2 bed / 1.5 bth 1100 sq ft
Vacant (Proforma $3,000)

#D - 2 bed / 1 bath 890 sq ft
$2,100 but rented to daughter (Proforma $2,300)

1450 12th Street

- #A - 3 bd / 2.5 bth 1600 sq ft
Vacant (Proforma $4250-4500) Comes with two car garage and in unit washer / dryer 

- #B 2 bd / 1.5 bth 1100 sq ft
$1,750 (Proforma $2,500) - needs clean up work

- #C 2 bed / 1.5 bth 1100 sq ft
$2,000 (Proforma $2,500) - needs clean up work

- #D 2 bed / 1 bth 890 sq ft
$2,100 (Proforma $2,300) 

All units are currently leased month to month. Both buildings have a shared storage room. Units A have a 2 car garage (1446 is a 2 car carport). Leased washer and dryer in the back of BOTH buildings for units #B,C & D. Units B, C & D all have a one car carport. 

1446 #C and 1450 #A have been completely re piped with copper plumbing and both units are in the process of being repainted and carpeted. 

See below:

https://view.flipdocs.com/html5/?id=10019408_828162&P=0#0