new - 6 days on rocket

4162 Manhattan Beach Blvd, Lawndale, CA, 90260

$1,500,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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4162 Manhattan Beach Blvd, Lawndale$1,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingGarage
Garage6 spaces
Year Built1985
MLS #PW24246777
Lot Size0.12 Acres
StatusActive

About 4162 Manhattan Beach Blvd

4162 Manhattan Beach Blvd is a prime investment and potential owner-user opportunity located in Lawndale. This value-add 4-unit apartment building offers a strong unit mix, including one spacious 4-bedroom, 3-bathroom townhome-style front unit, and three 2-bedroom, 1-bathroom units. The property features a 2-car garage attached to the front unit and a 4-car garage with back alley access. With significant upside potential, the property delivers an impressive 6.51% market CAP rate and 10.79 market GRM with potential to maximize income through eligible 8.9% rent increases for every unit. Priced at $375,000 per unit and $268 per square foot, it offers exceptional value with room for growth. There is also an appraisal on file in October 2024 for $1.771M. Conveniently situated near the scenic Alondra Park Golf Course and just minutes from Manhattan Beach, this property’s location adds to its tenant appeal. Don’t miss this opportunity to invest in a high-demand South Bay area with strong long-term potential!

Property Details

Property Features

Property Information:

  • Year Built: 1985
  • Stories: 2

Listing Office:

  • Office Name: Lyon Stahl Investment Real Est
  • Office Email: broker@lyonstahl.com
  • Listing Agent: Woody Stahl

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 6 spaces
  • Parking: Garage

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Other

Directions Information:

  • Directions: 4 Parcels Weast of MB Blvd and Freeman Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000

Tax Information:

  • Annual Amount: $7,474
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lawndale, CA.

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Lawndale, CA

City

Med. List Price

$798.9K

Med. Price/SqFt

$579

Avg. Days On Market

74

# of Sold Homes

3

4162 Manhattan Beach Blvd vs Lawndale

6 DAYS ON ROCKET

-68 Days

$1,500,000

+$701K More

KEY TAKEAWAY

This property is $701K more than the Median List Price in Lawndale, CA.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24246777

Listing Office:

  • Office Name: Lyon Stahl Investment Real Est
  • Office Email: broker@lyonstahl.com
  • Listing Agent: Woody Stahl

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 1:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 29, 2000Home Sold
$367,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,474$510,879
2020$7,216$505,642
2019$7,048$495,728
2018$6,736$486,008
2017$6,736$476,479

History based on county public records data.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4539165
5
/10

  • William Anderson Elementary School

  • 4130 W 154th St

  • 0.19 miles

  • Public District Grades KG-5

school-card-donut-4539166
8
/10

  • Mark Twain Elementary School

  • 3728 W 154th St

  • 0.61 miles

  • Public District Grades KG-5

school-card-donut-4539167
5
/10

  • William Green Elementary School

  • 4520 W 168th St

  • 0.78 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,116. The majority of Lawndale, CA residents have income less than $35k annually. Typical family type is married, with kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Lawndale›90260›4162 Manhattan Beach Blvd

This home is located at 4162 Manhattan Beach Blvd in Lawndale, CA and zip code 90260 in the South Bay neighborhood. This home, which was built in 1985, sits on a 0.12 acre lot. It has been listed on Rocket Homes since December 12, 2024 and is currently priced at $1,500,000.

The inventory of homes for sale in Lawndale, CA between October 2024 and November 2024 decreased by 20.7%. While the average time on the market in November 2024 was 74 days, the median list price was $798,980.

From Rocket Homes Real Estate and based on county public records data.

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