1411 Manhattan Beach, Manhattan Beach, California 90266, Manhattan Beach, 90266 - 0 bed, 0 bath
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Manhattan Beach, California 90266
This triplex presents a High-Potential Investment Opportunity with a List Price of $2,595,000—positioned well below the $2,714,246 Fair Market Value by 4%. This valuation gap offers $119,246 in Instant Equity. Featuring a Condition Rating of 5, the property requires modernization but offers significant upside through its 5507 sqft lot and Development Opportunity potential. Located near Top-Rated Schools like Hermosa View Elementary, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in a premier coastal market.
Property is extensive renovation needed.
Built in 1954, this property is over 70 years old and is explicitly marketed as a 'Development Opportunity.' While the mention of newer copper pipes is a positive system update, the lack of any noted kitchen or bathroom renovations and the emphasis on land value/redevelopment suggests the units are in original or significantly dated condition requiring a full rehab.
Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
This triplex offers multiple high-value strategies, serving as an excellent owner-user opportunity, a steady income-producing asset, or a prime development project with the potential to combine with the adjacent lot.
Each bungalow-style unit provides a desirable two-bedroom layout equipped with essential modern conveniences, including private patios, laundry hook-ups, and dedicated garage parking, which command premium rental rates.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5507, other record lot size in square feet = 2848. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2409, other record living area = 3844.
Built in 1954, the property may require significant capital investment for modernizing interiors and upgrading systems to meet the expectations of high-end Manhattan Beach tenants.
The high list price relative to the total square footage may result in a lower initial capitalization rate, potentially challenging investors focused strictly on immediate cash-on-cash returns.
Excellent Owner-User, Income or Development Opportunity! This triplex features over 2400 square feet of living space on a 5500+ square foot lot. Each of these three bungalow-style units have two bedrooms and one bathroom and are about 800 square feet. These units feature laundry hook-ups, gas appliances, newer copper pipes, three total garage spaces, and private patios/yards. This triplex can also be purchased together with 1417 Manhattan Beach Blvd
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-3 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 4.0 |
| Square foot | 2,409 | 2,955.5 |
| Lot Size | 5,507 | 2,024.5 |
| Price | $2.60M | $5.29M |
| Price per sq ft | $1.1K | $1.7K |
| Built year | 1954 | 1971 |
| HOA | $0 | $0 |
| Days on market | 45 | 98 |
Jun 7, 2026
$2,595,000
Initial Listing
Feb 26, 1998
$427,000
Public Record