2208 The Strand, Manhattan Beach, CA 90266
Beachfront investment opportunity
4 Unit Building Listed at $14,350,000
One of the more recent beachfront listings is a nicely updated 4 unit beachfront building at 2208 The Strand in Manhattan Beach.
The 4 units feaure a total of 9 bedrooms and 8 baths and almost 5,200 square feet in total.
The unit mix includes three 2 bed, 2 bath units and one 3 bed, 2 bath owners type unit.
Each unit has it’s own level making for no shared walls….each individual level also offers incredible beach and ocean views. Each unit boasts panoramic
According to the listing agent, “The current gross rents of $36,529 per month or $438,348 per year demonstrate the lucrative rental potential of this prime Strand property, with a 33 GRM and pro-forma upside to an impressive 23 GRM” and 3.00% cap rate.
2208 The Strand Mahattan Beach – Details
- 4 unit building
- Three 2 bed/2 bath units
- One 3 bed/2 bath unit
- 5,193 total square feet* (BTV)
- 3,512 foot oceanfront lot
- Built 1972 with major remodel
- Listed at $14,350,000
- Listed by Shawn Dugan – Strand Hill Properties – 310-265-3428
Current Rents:
- $9,195 2 bed/1 bath
- $8,995 2 bed/1 bath
- $8,995 2 bed/1 bath
- $9,295 3bed/2 bath