121 Rosecrans Avenue, Manhattan Beach
Manhattan Beach Home For Sale
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.
Property Details
Additional Information
-
- City:
- Manhattan Beach
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- County:
- Los Angeles
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- Zip:
- 90266
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- MLS® #:
- SB24058635
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- Bedrooms:
- 7
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- Bathrooms:
- 4
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- Square Ft:
- 2,496
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- Lot Size:
- 0.06
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- Levels:
- Two
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- Garages:
- 4
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- School District:
- Manhattan Unified
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- HOA Dues:
- $
Price Change History for 121 Rosecrans Avenue, Manhattan Beach, (MLS® #SB24058635)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $3,800,000) | $3,599,000 | $201,000 (5.29%) |
Based on information from California Regional Multiple Listing Service, Inc. as of May 2nd, 2024 at 5:50pm PDT. 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, 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.