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.
MLS #
CRPW24094744
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.50%
Fireplace
None
Laundry
Laundry Area
Cooling
Central Forced Air
Pool
None
Garage/Parking
Garage: 4 Car(s)
Elementary District
Manhattan Beach Unified
High School District
Manhattan Beach Unified
HOA Fee
$0
Zoning
MNRH
Listing Agent
Woody Stahl
Lyon Stahl Investment Real Est
License #: 01399621
Phone: –
Co-Listing Agent
John Stiegler Ii
Lyon Stahl Investment Real Estate, Inc.
License #: 01981597
Phone: –
119 40th St is a Duplex in Manhattan Beach, CA 90266. This 1,552 square foot property sits on a 1,353 Sq Ft Lot and features 4 bedrooms & 2 full bathrooms. It is currently priced at $2,275,000 and was built in 1988.
This address can also be written as 119 40th St, Manhattan Beach, CA 90266.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of May 30, 2024. For the most current information, please contact Woody Stahl