Manhattan Beach California is an extraordinary beach town with extremely high single family housing values. Manhattan Beach also offers multifamily income property investors many opportunities in large and small investment properties. The sand section of Manhattan Beach offers Duplex, Triplex, 4plex and large commercial apartment buildings which produce amazing rental rates, very low vacancy factors and unmatched annual appreciation. East of PCH, known as “east Manhattan Beach” is home to many investment properties which have lower land values thus offer much better CAP Rates and Gross Rent Multipliers for more traditional investors who are more cash flow sensitive.
Multi-family Real Estate Houses and Property Investments for Sale in Manhattan Beach
Manhattan Beach is located in the South Bay region of Los Angeles County and is a great place to buy or sell multifamily, duplex, triplex, fourplex and larger commercial apartment properties. Its job industry, conveniences, and attractions make this a great place to live and there is a good market available to buy multifamily rental properties such as duplexes, triplexes, and fourplexes. These properties can bring in great income and can be sold quickly if you need to move your investments around. There is also no rent control in Manhattan Beach.
Manhattan Beach’s population was 35,738 as of 2012. The estimated median household income in 2011 was $123,348 (it was $100,750 in 2000). This is larger than the California median which was $57,287 in 2011. Many high profile individuals in the sports and entertainment industry call Manhattan Beach home due to its oceanfront desirability, top performing school district (ranked third best in the state of California), and commuting distance to Los Angeles.
Manhattan Beach has large professional, scientific, and technical industries which comprise 17.6% of all industries in the city, which is more than twice that of the California average. The city’s top employers are Target, Skechers, Macy’s, Fry’s Electronics, Marriott, Ralphs, and Olive Garden, with more restaurants and hotels being among the largest employers.
The city also enjoys being close to a variety of conveniences. The Los Angeles International Airport (LAX) is only 5 miles away. The hospital Providence Little Company of Mary is only 5 miles away in neighboring city Torrance and about 5 miles away is El Camino Community College, which has over 8500 full time enrolled students.
Manhattan Beach has many attractions, the most popular of which is its 2.1 mile long beach. Here tourists and locals alike enjoy the sandy beach and many restaurants that it has to offer. The Metlox Plaza is in downtown Manhattan Beach and boasts upscale shopping and dining with landscaped courtyards, fountains, a fire sculpture and public art.
All of these features make Manhattan Beach a great city to buy or sell multifamily investment rental properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings. This vibrant, growing community has great attractions, a healthy work industry, and above average rent. The density of the city and the desire for people to live here, make it an ideal location for multifamily living and the city does have great duplex, triplex, and fourplex properties.
Also serving other Los Angeles County Cities.
This information was gathered from www.ci.manhattan-beach.ca.us, city-data.com, and wikipedia.
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