220 8th, Manhattan Beach, CA - Homes For Sale

$6,490,000

220 8th
Manhattan Beach

  • 4 Beds
  • 5.0 Baths
  • 4,195 SqFt
  • 0.06 Acres
  • 2,709 SqFt (Lot)

This Extraordinary South Manhattan Walk Street Is A Rare Gem. A Picture Perfect Cape Cod Located ...

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1733 Pine Avenue

1733 Pine Avenue is located in the Tree Section of Manhattan Beach. The 1700 block of Pine is a quiet part of the trees so it's great for families with children. New construction planation designed home is built by local builder Gary Wells.

With over 3,100 square feet of living space and every interior finish you could image. With 5 bedrooms and 6 bathrooms. Being offered for sale at $2,749,000 this home will surely sell fast given our current activity we've seen in the Trees as of late. 

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2701 Palm Avenue

2701 Palm Avenue is located in the Tree Section on a corner lot. Originally built by Matt Morris in 2008, this Craftsman spared no expense in details and amenities.

Priced at $2,995,000 with 5 bedrooms and 4 bathrooms, over 3,300 square feet. The west facing yard is great for afternoon sunlight and backyard barbecues. With this location and limited inventory we are certain that this one will fetch multiples.

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421 3rd Street

421 3rd Street is in the south end of the Sand Section in Manhattan Beach CA. This south facing single family residence is on a full lot (2,700 square feet) 30X90. Priced at $2,299,000 with 3 bedrooms and 3 bathrooms just 3 blocks to the sand and 6 blocks to downtown.

421 was purchased just 18 months ago for $1,809,000 and already has an offer close to the list price. That's a $490,000 increase!

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Inglewood Apartment Building8-9% cash returns are tough to find these days in the apartment marketplace, especially in The South Bay. We were able to find our client this exact type of property in a C location with some upside potential.

This 55 unit apartment building in Inglewood produces over $680,000 in gross income per year. The upside on this building is the redevelopment of the Famous Hollywood Park Casino in the coming 12 months.

The tracks 260 acre racetrack is going to be transformed into 3,000 single family houses, 25 acres of parkland, retail and entertainment district, anchored by a movie theatre, office space and a 300-room hotel. This will drastically improve this area of Los Angeles and thus improving the rents on our building. 

Matt Pernice's client close escrow on this 55 units for $6,150,000 on August 23rd, 2013. If you are looking for income property in South Bay, contact me and I will go out and find the property that you are looking for.

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Last updated on November 22nd, 2014 at 12:48pm PST

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