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Nicolas Romo
Direct Office:
800-659-4610
sellingcasas@gmail.com
DRE# 01787685
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Nicolas Romo
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Direct Office:
800-659-4610
sellingcasas@
gmail.com
DRE# 01787685
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121 Rosecrans Avenue,  Manhattan Beach CA, 90266

(Active)
$3,599,000
|
7 beds, 4 Full baths, 2,496 sqft
|
MLS# SB24058635
Last Updated: 5/2/2024 10:31 PM
Description for 121 Rosecrans Avenue Manhattan Beach, CA 90266
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.
Price
$3,599,000
Los Angeles
7
4 Full
2,496 (approx)
SB24058635
Active
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.
Listing Information
Property Type: Single Family, Fourplex, Multi-Family, 2 Story
7 4 Full
0.06 Acres Assessor 2,496 (approx)
1954 Yes-4 spaces 2
Public
Public Sewer
Neighborhood
School Information
District: Manhattan Unified
Room Information
Bathrooms: Main Level: 4
4
Main Level: 7, Total: 7
None
Interior Features
None
No Common Walls
1
None
Exterior / Lot Features
4 Garage Spaces, 8 Parking Spaces, 0 Covered Parking Spaces, Garage Faces Front,Garage Faces Rear
None
Ocean, Water
Street Level
Driving Directions
Cross Streets: The Strand & Rosecrans Ave
Financial Considerations
4137012055
Conventional,Submit
Listing Price History

Manhattan Beach Real Estate

Manhattan Beach is located in California. Manhattan Beach, California 90266 has a population of 34,508.

The median household income in Manhattan Beach, California 90266 is $161,531. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Manhattan Beach 90266 is 38 years.

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Listing Agent: Shawn Dugan CalDRE: 01749343 - Strand Hill Properties, 310-265-3428
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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 5/2/2024 10:31 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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