18 days on rocket

Sale Pending

119 40th St, Manhattan Beach, CA, 90266

$2,150,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
2 Full Baths
1,552 SqFt
$1,385/SqFt
Multi
Schools Nearby

Location

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119 40th St, Manhattan Beach$2,150,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Attached Garage4 spaces
Year Built1988
CoolingCentral Air
FireplaceNone
ViewOcean
MLS #PW24094744
Lot Size0.03 Acres
StatusSale Pending
(Pending)

About 119 40th St

119 40th Street presents a rare opportunity in the Sand Section, less than a block from the beach. This duplex offers (2) 2-Bed/1-Bath units, each showcasing stunning ocean views from living rooms and balconies. The property also features a spacious (4) car garage w/ storage compartments + (2) driveway spots, plus the convenience of on-site laundry. Currently at 1.96% CAP with a 4.42% Market CAP, this property promises potential appreciation and rental upside with interior remodel. Short Term Rental Permits are also available for this property. According to Air DNA, the #1 platform for STR Data, The short- term yearly rental income is $196.5K. With its location, configuration, and upside - 119 40th St is an ideal asset for any Beach Cities investor or owner-user.

Property Details

Property Features

Property Information:

  • Year Built: 1988
  • Stories: 2
  • Living Area: 1,552 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Ocean

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Mira Costa High School, Public District Grades 9-12
  • Manhattan Beach Middle School, Public District Grades 6-8
  • Grand View Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: 4 Parcels From the Strand

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,150,000
  • Price Per SqFt: $1,385/SqFt

Tax Information:

  • Annual Amount: $7,071
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Manhattan Beach, CA.

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Manhattan Beach, CA

City

Med. Sold Price

$2.7M

Med. Price/SqFt

$1,299

Avg. Days On Market

28

# of Sold Homes

22

119 40th St vs Manhattan Beach

18 DAYS ON ROCKET

-10 Days

$2,150,000

-$633.3K Less

$1,385/SqFt

+$85 More

KEY TAKEAWAY

This property is $633.3K less than the Median Sold Price and $85/SqFt more than other homes in Manhattan Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24094744

Listing Office:

  • Office Name: Lyon Stahl Investment Real Est
  • Office Email: Woody@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: 5/29/2024, 4:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$7,071$434,810
2020$5,290$430,352
2019$5,180$421,915
2018$4,865$413,643
2017$4,865$405,533

History based on county public records data.

Payment Calculator

$10.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,512

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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.

Elementary School

school-card-donut-4190574
10
/10

  • Grand View Elementary School

  • 455 24th St

  • 0.70 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4190575
9
/10

  • Manhattan Beach Middle School

  • 1501 N Redondo Ave

  • 2.30 miles

  • Public District Grades 6-8

High School

school-card-donut-4190576
9
/10

  • Mira Costa High School

  • 1401 Artesia Blvd

  • 2.65 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $107,500. Most Manhattan Beach, CA residents have annual incomes between $35k-100k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Manhattan Beach›90266›119 40th St

This home is located at 119 40th St in Manhattan Beach, CA and zip code 90266 in the Manhattan Beach Sand neighborhood. This 1,552 square foot home, which was built in 1988, sits on a 0.03 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 10, 2024 and is currently priced at $2,150,000.

In April 2024 more than 10 listings in Manhattan Beach, CA were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 8 were sold below. Between March 2024 and April 2024, Manhattan Beach, CA real estate market has seen decrease in the number of listings by 3.3%. The median list price of listings available in April 2024 was $2,783,333, while the average time on the real estate market was 28 days.

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

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