Description
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 walk street home features panoramic views from Palos Verdes to Malibu. Built in 1991, 2521 Alma is a 3,423 SF 5-bed/4-bath walkstreet residence equipped with a 2-Car garage and offers outstanding views from their respective balconies/terraces. 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 2515 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.
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5BEDS
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0.09ACRES
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4BATHS
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01/2 BATHS
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3,423SQFT
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$1,169$/SQFT
Description
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 walk street home features panoramic views from Palos Verdes to Malibu. Built in 1991, 2521 Alma is a 3,423 SF 5-bed/4-bath walkstreet residence equipped with a 2-Car garage and offers outstanding views from their respective balconies/terraces. 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 2515 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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-07T00:31:17.23. 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 deemed reliable but is not guaranteed accurate by the MLS or Porchlight Real Estate Brokers. Licensed in the State of California, USA.