472 Rosecrans Avenue,Manhattan Beach, CA 90266
Manhattan Beach, CA 90266
Description
Turn Key Ocean View Modern Trophy Building in the prime Sand Section of Manhattan Beach! Generating $20,733 monthly, NOI of $175,772, Cap Rate of 4.57%. Some upside in long term rents possible and this building lies within the MB Coastal Zone where lucrative short term rentals are legal. Walking to the beach, and the best restaurants, cafes, yoga studios, and trendy boutiques North MB has to offer. Taken down to studs, re-imagined by renowned Michael Lee Architects, extensively renovated inside and out. Exquisite attention to detail, pride of ownership w/ no money spared procuring designer luxury modern fixtures and finishes throughout. "Owners Penthouse" has rented to professional athletes and noteworthy celebs. Live in the owners unit, have other units pay your mortgage or rent them all and enjoy incredible cash flow! All luxury apartments appointed w/ brand new modern open kitchens w/ islands, custom closets, hardwood floors, recessed LED lighting, flat screen TVs and Sonos. Step into lucrative fully occupied rentals cash flowing immediately! Solar system owned. All units have private laundry. 4 modern private garages with storage and EV charging stations. 8 additional coveted parking spaces! MB income properties this turn key with modern designer finishes, incredible parking, and an ocean view owners penthouse unit rivaling most Sand Section townhomes are a truly rare find! Possible value add addition. Inquire for current rent roll and building financials.
Details
| MLS # | 26830069 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1966 |
| Days On Site | 114 |
| Listing Provided By | Vista Sotheby's International Realty | Mitch Hagerman |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 6 |
| SQ Feet | 2,663 |
| Garage | 4 |
| Car Port | Yes |
| Story(s) | 3 |
| Units | 4 |
| Building(s) | 1 |
| Zoning | MNRH |
| Acreage | 0.07 |
| Property View | Yes |
Interior
| Cooling | None |
|---|---|
| Heating | Fireplaces |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Interior Features | Ceiling Fans |
| Appliances | Barbecue, Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer |
Parking
| Parking Features | Carport, Door Single, Driveway, Garage |
|---|---|
| Garage Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Manhattan Beach |
| Zip Code | 90266 |
| Area | 142 Manhattan Bch Sand |
| Listing VS Median (in 90266) | |
Price: $3,850,000 low | high Med: $687,500 sqft: 2,663 low | high Med: 300 $ / sqft: $1,446 low | high Med: $2,292 On site: 114 low | high Med: 18 | |
Market Activity 90266
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Manhattan Beach |
| Zip Code | 90266 |
| Area | 142 Manhattan Bch Sand |
| Listing VS Median (in 90266) | |
Price: $3,850,000 low | high Med: $687,500 sqft: 2,663 low | high Med: 300 $ / sqft: $1,446 low | high Med: $2,292 On site: 114 low | high Med: 18 | |