119 40th Street, Manhattan Beach, CA 90266
Duplex · 2 recorded sales since 2024
Sold May 2024
Listing Agent: Woody Stahl (DRE #01399621) · Listing Office: Lyon Stahl Investment Real Est · Contact: 310-425-9838 · Bought with: Woody Stahl · Lyon Stahl Investment Real Est · MLS #PW24094744 · Source: CRMLS
About this duplex
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.
Listing description from the May 2024 sale, as reported to CRMLS.
Sale history
