About 1400 15th Street
Presenting this exceptional duplex located on a rare and highly desirable corner lot in East Manhattan Beach, just over a mile from the beach. This property offers tremendous long-term income potential and exciting development possibilities. Featuring two updated and turnkey 3-bedroom, 2-bathroom units, it also includes a detached 2-car garage with Sunroom, a spacious driveway that can accommodate up to 3 additional vehicles, with spacious lot to potentially add ADU and JADU. With 2,600 sq. ft. of living space on a nearly 7,500 sq. ft. lot, this property presents a solid investment opportunity with projected annual income of $115,000 and a 4.1% cap rate. Nestled in a prime, sought-after neighborhood, residents will enjoy proximity to top-rated schools such as Meadows Avenue Elementary, Manhattan Beach Middle School, and the popular Polliwog Parkall just a short walk away. This property is an excellent opportunity for investors looking to leverage the strong rental market, potential for value-added development, and the long-term appreciation prospects of the Manhattan Beach Market.
