Vacant Duplex in Manhattan Beach by The Strand

Sold: $2,384,300

Property Highlights

Mid-Century Duplex built in 1962
Prime location, 6 blocks from the beach in Manhattan Beach
Delivered 100% vacant, previously owner-occupied
Represented first time multifamily buyer
All-cash offer with 30 day close
Large two-car garage plus four driveway spots
Ocean views from upstairs balcony
Sold for $1,298 per Square Foot
Navigated challenging court ordered sale

The Deal Story

The Glaser Group is pleased to announce the successful closing of 411 36th St in Manhattan Beach, a value-add duplex investment opportunity just 6 blocks from beach. This two-unit multifamily property offers a strong mix of large two-bedroom and one-bedroom units, each averaging 919 square feet. The property was previously owner-occupied and delivered 100% vacant, providing our client the opportunity to begin renovation work on Day 1 after closing. Additionally, the property offers a large two-car garage and four additional parking spaces in the driveway. Our team represented the buyer on this transaction, helping them navigate their first purchase of a multifamily investment asset. This is the first time the property has traded in 25+ years.

The sale of this duplex was a court ordered sale, which came with its own set of hurdles, but our team was able to navigate these challenges and ultimately close an all-cash escrow within 30 days of going under contract.

If you are considering a purchase, sale or a 1031 exchange of your own or would like to better understand your options, please reach out to my team.