House buy in Manhattan Beach California

Excellent opportunity to purchase an Ocean View home below market value with Tenant in Common financing, which is very similar to purchasing a condo. Program guidelines are included in the supplement section of MLS and private agent remarks. This coveted home features panoramic views from Palos Verdes to Malibu. Built in 1982, 2515 Alma is a 3,882 SF 5-bed/5-bath residence equipped with a 2-Car garage and offers outstanding views from its balcony/terrace. The property is well located in a prime pocket of Manhattan Beach, located only 3 blocks from The Strand as well as a short distance to local schools and restaurants/retail on the pier and in North Manhattan Beach. This property is listed with 2521 Alma which is located on the same oversized lot (45' x 90' SF). Both Properties can be sold separately as Tenants in Common (TIC) and are listed together as well for $7,500,000. Given the highly desirable lot, location, and strong rental income that these homes provide ($25,000/mo in gross monthly rent), this portfolio is a rare opportunity for any Beach Cities investor or end-user to own a generational asset with long term appreciation potential. MLS® ID: SB22098187 Listed: 5/18/22 Updated: 9/29/22 Interior Features Total Bedrooms: 5 Full Bathrooms: 5 Laundry Description: Washer Hookup, Gas Dryer Hookup Fireplace: None Cooling: Central Air Exterior/Building Features Lot Size: 4,052 ft2 lot Architectural Style: House Lot Details: 0-1 Unit/Acre Sewer: Public Sewer School Information High School: Manhattan Unified Other Property Details Area Name: 142 - Manhattan Bch Sand HOA Amenities: Biking Garage: Yes Garage Spaces: 2 Parking: Y Parking Total: 2.0 View: Y County: Los Angeles Water Source: Public Pool: No Pool Description: None Total Stories: 3 Zoning: MNRM Property History Date Event Price Value 8/2/22 Pending - - 7/25/22 Active - - 6/10/22 Active Under Contract - - Listed by J.Woody Stahl, Lyon Stahl Investment Real Estate, Inc., Based on information from California Regional Multiple Listing Service, Inc. as of 9/29/22. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.