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121 Rosecrans Avenue

Manhattan Beach, CA 90266
  • $3,599,000
  • STATUS: Active
  • ON SITE: 31 Days
  • ID#: SB24058635
Price Reduced
UPDATED: 205 min ago
$3,599,000
  • 7
    BEDS
  • 0.06
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,496
    SQFT
  • $1,442
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1954
County:

School Ratings & Info

School District:
Listing Agent(s): Shawn Dugan of Strand Hill Properties (310-545-0707)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-25T00:33:35.047. 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 DeBonis Homes | Coldwell Banker. Licensed in the State of California, USA.
www.debonishomes.com/homes/148864192
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121 Rosecrans Avenue Manhattan Beach, CA 90266

  • Price: $3,599,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 205 min ago
  • ID#: SB24058635
7
Beds
4
Baths
0
½ Baths
0.06
Acres
2,496
SQFT
$1,442
$/SQFT
1954
Built
Neighborhood:
142 - Manhattan Bch Sand
County:
Los Angeles
Area:
142 - Manhattan Bch Sand
School District:
Manhattan Unified
Property Description
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.
Exterior Features

Attached Garage YN Yes Entry Level 1 Entry Location 1 Lot Features Street Level Open Parking Spaces 4 Parking Features Garage Faces FrontGarage Faces Rear Parking Total 8 Pool Features None Pool Private YN No Property Attached YN No Sign On Property YN No View OceanWater View YN Yes Waterfront Features Beach AccessOcean AccessOcean Side Of FreewayOcean Side Of Highway

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Main Level Bathrooms 4 Main Level Bedrooms 7

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Garage YN Yes Land Lease YN No Laundry Features None Lease Considered YN No Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms ConventionalSubmit New Construction YN No Possession Close Of Escrow Property Sub Type Quadruplex Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type Quadruplex Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-25T00:33:35.047. 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 DeBonis Homes | Coldwell Banker. Licensed in the State of California, USA.
 
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DeBonis Homes | Coldwell Banker
6809 Brockton Ave.
Riverside CA, 92506
Listing Agent(s): Shawn Dugan of Strand Hill Properties (310-545-0707)