Sold
480 Rosecrans Avenue
Manhattan Beach CA, 90266
$4,850,000
$660.13 per sqft
Sold
7,347 sqft
Multi-family
Built in 1974
Listed by Brett Lyon with Lyon Stahl Investment Real Estate, Inc. 310-425-9838
480 Rosecrans Ave is a rare 8-unit building in the sand section of Manhattan Beach. The 8,486 SF building features (1) 4-Bed/4-Bath, (5) 2-Bed/2-Bath, (1) 1-Bed/1-Bath, and (1) Studio Units. The 1-Bed/1-Bath unit is non-conforming permit pending and the studio unit is non conforming. The building sits on a 5,886 SF lot and includes an on-site laundry space and carport spaces for each unit. The building boasts a 4.01% Cap with a 5.11% market cap and generates over $26K per month.
Located less than a half mile from the beach, 480 Rosecrans Ave is a trophy asset and rare opportunity to own commercial real estate in the coveted Beach Cities submarket.
Attractive 5.16% financing available at 41% LTV. First 3 years are interest only; 30 year amortization thereafter. Full Loan Quote included in the Offering Memorandum
SB22233106
MLSⓇ ID
November 1, 2022
Listed
March 23, 2024
Updated
Map
480 Rosecrans Avenue
Manhattan Beach CA, 90266
Interior Features
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.14 Acres
Lot Features
Sloped Down
Sewer
Private Sewer
Other Property Details
Area Name
142 - Manhattan Bch Sand
Days on Market
98
Garage
No
Parking
Carport
Parking Total
8
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
MNRM-D1
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
---|---|---|
8/2/2023 | Price Change | $4,850,000 -10% |
8/2/2023 | Sold | $4,850,000 |
Listing Contact: 310-425-9838
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:23 AM UTC