Two-For-One In Manhattan Beach For $7.2 Million

MANHATTAN BEACH, CA – Yup, two for the price of one. This duo sits just four houses from the sand on one of Manhattan Beach's best streets. The property has two separate units – one is a 2-bedroom, 1-bathroom, while the other is a 3-bedroom, 2-bathroom. These homes are ripe with opportunity: you can live in one and rent out the other, or tear both down and build your dream home just steps from the beach.

These little blue-grey beauties have a combined 2,157 sq. ft. Built in 1924, they're full of history and are on one of the last undeveloped lots in the area.

• Address: 127 16th St, Manhattan Beach, California
• Price: $7,200,000
• Square Feet: 2157
• Bedrooms: 5
• Bathrooms: 3 Baths
• Built: 1924
• Features: LOCATION LOCATION LOCATION Full 30 x 90 walkstreet to alley lot just 4 houses from the sand on a sunny south facing lot. The property is on one of the very best streets in Manhattan’s sand section - a quiet street yet just a short walk to downtown restaurants, shops and the pier. One of the last undeveloped lots in the area is ready for you to build your dream home or perhaps two on a lot to live in one and rent out the other (new buyer to verify this option). Currently the property has two separate units which bring in a combined monthly income of $10,000 and are easy to rent due to the close proximity to the beach. The walk street house is 2 bedroom 1 bath with a white water ocean view from the living room and the charm of the 1920's when it was built. The alley house has 3 bedrooms 2 baths and was recently remodeled with new hardwood floors, kitchen and bathrooms. It has an open kitchen, dining room and living room all with ocean views which would be stunning once built into a three story home. The combined square footage of both houses is 2157. Note: all utilities in this area of Manhattan Beach were put underground a few years back so the views are not obstructed by poles and wires.

This listing originally appeared on realtor.com. For more information and photos, click here.