472 Rosecrans Ave - Apartments FOR SALE


Manhattan Beach, CA 90266
$3,850,000 USD
310-963-4358
472 Rosecrans Ave, Manhattan Beach, CA for Sale
$3,850,000 USD
Apartments - FOR SALE
1/50
null | 4.12% Cap Rate

472 Rosecrans Ave
Manhattan Beach, CA 90266


HIGHLIGHTS

  • Incredible Manhattan Beach Location walking distance to beach, restaurants, bars and boutiques.
  • Great cash flow on long term rents and ability to generate much higher rents on short term rentals allowed in this location plus value add opps.
  • Incredible Ocean View Penthouse Unit perfect as permanent residence or vacation home for owner / user.

OVERVIEW

Turn Key Ocean View Modern Trophy Building in the prime Sand Section of Manhattan Beach! Generating $19,663 monthly, NOI of $158,6568, Cap Rate of 4.12%. 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.

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$1,446 USD /SF

# OF UNITS

4

PRICE/UNIT

$962,500

CAP RATE

4.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1966

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,888 SF

ZONING

RH

APN/PARCEL ID

4175-006-020

ASK ABOUT THIS PROPERTY

Mitch HagermanVista Sotheby's International RealtyMore Info
310-963-4358

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Mitch HagermanVista Sotheby's International RealtyMore Info
310-963-4358

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.