Coastal MultiFamily Property at 442 Manitoba Street Listed by Mike Matthias
FOR SALE
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$2,129,000
442 Manitoba Street, Playa Del Rey, CA 90293
3,120 SF
Square Feet
$682
PPSF
2
Units
1.0M
PPU
Property Description
Units
2 — PPU: 1.0M
Just two blocks from the ocean, this property offers an unbeatable location close to the beach, downtown Playa Del Rey, and a variety of popular local restaurants. The front unit, currently vacant, is ideal for owner occupancy includes high-end custom finishes. Additionally, its 3-bed/3-bath layout makes the unit perfect for families. Both units were refreshed in 2015, with new water heaters, lighting fixtures, roofing, and central heating/air conditioning. Each unit comes with stainless steel appliances, in-unit washers/dryers, and private outdoor spaces. The property also features a detached two-car garage for each unit, with the potential to convert into an additional dwelling unit (ADU) for additional passive income. The quiet neighborhood also has a close-knit feel with a strong sense of community making it a hidden gem within Los Angeles. A brand new 31-acre park, Lulu's Place, is currently under construction just blocks away, featuring tennis courts, soccer fields, playgrounds, a dog park, and scenic walking paths. The property is also conveniently located near major aerospace employers in El Segundo and Hawthorne, as well as the tech hub of Silicon Beach, Culver City, and Marina Del Rey.
Property Details
Asset Type
MultiFamily
Year Built
1962
Zoning
LAR2
Lot Size
5,003 SF
Neighborhood
Playa Del Rey
Submarket
Playa Del Rey
ZIP
90293
Renovated
2015
Listing Type
sale
30 years
10 years
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$121,111
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$10,093
Annual Debt Service
$121,111
View on Map
Address
442 Manitoba Street
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Playa Del Rey MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.