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Sold for $2,550,000 on 03/20/25
  • Listing Provided by: 

    Patrick Sweeney DRE #01467079 949-973-6290,

    The CREM Group

    $2,550,000

    1400 15th St, Manhattan Beach, CA 90266

    --beds
    --baths
    2,600sqft
    Duplex
    Built in 1958
    -- sqft lot
    $2,521,800 Zestimate®
    $981/sqft
    $7,166 Estimated rent

    What's special

    Presenting this exceptional duplex located on a rare and highly desirable corner lot in East Manhattan Beach, just over a mile from the beach. This property offers tremendous long-term income potential and exciting development possibilities. Featuring two updated and turnkey 3-bedroom, 2-bathroom units, it also includes a detached 2-car garage with Sunroom, a spacious driveway that can accommodate up to 3 additional vehicles, with spacious lot to potentially add ADU and JADU. With 2,600 sq. ft. of living space on a nearly 7,500 sq. ft. lot, this property presents a solid investment opportunity with projected annual income of $115,000 and a 4.1% cap rate. Nestled in a prime, sought-after neighborhood, residents will enjoy proximity to top-rated schools such as Meadows Avenue Elementary, Manhattan Beach Middle School, and the popular Polliwog Park—all just a short walk away. This property is an excellent opportunity for investors looking to leverage the strong rental market, potential for value-added development, and the long-term appreciation prospects of the Manhattan Beach Market.

    Zillow last checked: 7 hours ago

    Listing updated: March 20, 2025 at 02:11pm

    Listing Provided by:

    Patrick Sweeney DRE #01467079 949-973-6290,

    The CREM Group

    Bought with:

    Patrick Sweeney, DRE #01467079

    The CREM Group

    Source: CRMLS,MLS#: PW25034625MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Heating
    • Central
    Cooling
    • None
    Appliances
    • Laundry: Laundry Closet
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 2,600
    • Total interior livable area: 2,600 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Off Street, Tandem, Uncovered
    • Garage spaces: 2
    • Uncovered spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: ground
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: City Lights
    Lot
    • Size: 7,466 sqft
    • Features: Corner Lot
    Details
    • Parcel number: 4166008020
    • Zoning: MNRM
    • Special conditions: Trust

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    Condition
    • New construction: No
    • Year built: 1958

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Suburban
    Location
    • Region: Manhattan Beach

    Other

    Other facts
    • Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional
    Services availability
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    Estimated market value

    $2,521,800

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $2,521,800