Manhattan Beach | 10 Units | Loan Assumption
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The LAAA Team of Marcus & Millichap is proud to announce the successful closing of this 10 unit multifamily property in Manhattan Beach, CA.
Property Information
This 10 unit offering is comprised of two mirror-image buildings on one parcel, and it sits on a large 0.19 acre double-lot. The total building size is 6,384 square feet which is split equally into (10) 2 bed / 1 bath units. The property offers 10 total parking spaces, one for each unit, as well as multiple storage spaces for the tenants to use. Also, the utility expense is kept low with drought-tolerant landscaping and separate meters for both gas and electric.
Deal Story
Surprisingly, this was one of the most difficult deals we've ever had to sell, which we would have never guessed would be the case after the initial reaction from the marketplace. This property is located in one of the most sought after cities in all of LA county, Manhattan Beach, which has an extremely high barrier to entry with less than 2 apartment buildings selling per year on average.
The LAAA Team of Marcus & Millichap is proud to announce the successful closing of this 10 unit multifamily property in Manhattan Beach, CA.
Property Information
This 10 unit offering is comprised of two mirror-image buildings on one parcel, and it sits on a large 0.19 acre double-lot. The total building size is 6,384 square feet which is split equally into (10) 2 bed / 1 bath units. The property offers 10 total parking spaces, one for each unit, as well as multiple storage spaces for the tenants to use. Also, the utility expense is kept low with drought-tolerant landscaping and separate meters for both gas and electric.
Deal Story
