121 Rosecrans Avenue, Manhattan Beach CA, 90266

Active

121 Rosecrans Avenue

Manhattan Beach CA, 90266

$3,599,000

$1,441.91 per sqft

Active

7 Beds

4 Baths

2,496 sqft

Multi-family

Built in 1954

Listed by Shawn Dugan with Strand Hill Properties 310-545-0707

Located just 4 homes to "The Strand"... Prime Ocean View Income Opportunity on a Full 30' x 90' Lot. These four bright and spacious units rent easily due to the close proximity to the beach, the surf, and North End restaurants, retail and cafes. 3 units with 2 bedrooms and 1 bathroom each, plus a 4th unit with 1 bedroom and 1 bathroom. Each unit includes 1 garage space, 1 tandem driveway space (8 cars total), and separate electric and gas meters. The building currently generates $13,230/mo in combined income ($158,760 yearly), with big upside. Short term rental income could provide $31,576 monthly income ($378,918 yearly), yielding a 5.23% CAP rate. Inquire for comps & income schedule. Properties with this many units and such close proximity to the beach are rarely available at a price like this.

SB24058635

MLSⓇ ID

March 24, 2024

Listed

April 22, 2024

Updated

Map

121 Rosecrans Avenue
Manhattan Beach CA, 90266

Interior Features

Total Stories: 2
Bedrooms: 7 Beds
Bathrooms: 4 Baths
Laundry Description: None
Fireplace: Yes
Fireplace Description: None
Cooling: No
Cooling Description: None
Heating: No

Exterior/Building Features

Lot Size: 0.06 Acres
Lot Features: Street Level
Sewer: Public Sewer

School Information

School District: Manhattan Unified

Other Property Details

Area Name: 142 - Manhattan Bch Sand
Days on Market: 29
Garage: Yes
Garage Spaces: 4
Parking: Garage Faces Front, Garage Faces Rear
Parking Total: 8
View: Yes
View Description: Ocean, Water
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Waterfront: Yes
Buyer Agency Compensation: 2.5%

Listing History

Date	Event	Price
4/22/2024	Price Change	$3,599,000 -6%

Listing Contact: 310-545-0707

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/22/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 4/22/2024 at 5:09 PM UTC