$3,599,000
121 Rosecrans Avenue, Manhattan Beach 90266
7
Beds
4
Baths
2,496
Square feet
2,706
Lot Size
Listing Agent
Shawn Dugan - Strand Hill PropertiesLocated 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.
Facts & Features
| MLS® # | SB24058635 |
|---|---|
| Price | $3,599,000 |
| Bedrooms | 7 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 2,496 |
| Lot Size | 2,706 |
| Year Built | 1954 |
| Type | Residential |
| Sub-Type | Quadruplex |
| Status | Active |
| # Of Units | 4 |
Community Information
| Address | 121 Rosecrans Avenue |
|---|---|
| Area | 142 - Manhattan Bch Sand |
| City | Manhattan Beach |
| County | Los Angeles |
| Zip Code | 90266 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Parking | Garage Faces Front, Garage Faces Rear |
| # of Garages | 4 |
| Garages | Garage Faces Front, Garage Faces Rear |
| View | Ocean, Water |
| Is Waterfront | No |
| Waterfront | Beach Access, Ocean Access, Ocean Side Of Freeway, Ocean Side Of Highway |
| Has Pool | No |
| Pool | None |
Interior
| Cooling | None |
|---|---|
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | Street Level |
|---|
School Information
| District | Manhattan Unified |
|---|
Additional Information
| Date Listed | March 24th, 2024 |
|---|---|
| Days on Market | 38 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Shawn Dugan |
|---|---|
| Office | Strand Hill Properties |