480 Rosecrans Ave - Apartments FOR SALE


Manhattan Beach, CA 90266
$5,400,000 USD
310-780-1899
480 Rosecrans Ave, Manhattan Beach, CA for Sale
$5,400,000 USD
Apartments - FOR SALE
1/12
null | 4.85% Cap Rate

480 Rosecrans Ave
Manhattan Beach, CA 90266


HIGHLIGHTS

  • Unit Mix: (2) 3-Bed/3-Bath, (4) 2-Bed/2-Bath, (1) 1-Bed/1-Bath | Townhome-Style Units | (6) Units with Private Outdoor Balconies
  • Units 1, 2 & 7 Fully Remodeled, Including New Plumbing & Electrical | New Heating Units in Units 1, 2 & 4 | New AC & Heating Unit in Unit 7
  • Approx $200,000 in Cap Improvements Since April 2024 | Upgraded 400 AMP Electrical Panel with Underground Connection
  • New Subpanels Installed in Units 1, 2, 4, 7, and House (Laundry Room) | New Patios Installed for Units 1, 2 & 3
  • New 356 SF Storage Room with Potential to Subdivide into (5) Rentable Storage Units | On-Site Laundry Room | Carport Parking for Each Unit
  • Upgraded Main Line Plumbing to City Connection Including New 4" Clay Property Line Cleanout

OVERVIEW

480 Rosecrans Ave offers a rare opportunity to acquire a well-capitalized 7-unit multifamily asset in the highly sought-after Sand Section of Manhattan Beach, one of Southern California’s most supply-constrained and desirable coastal rental markets. The property features a townhome-style configuration with a highly attractive unit mix of (2) 3-bed/3-bath, (4) 2-bed/2-bath, and (1) 1-bed/1-bath units. Six of the units include private outdoor balconies, enhancing livability and supporting strong tenant demand in this beach-oriented submarket. Since April 2024, ownership has completed approximately $200,000 in capital improvements, including full plumbing and electrical renovations in Units 1, 2, and 7, new heating systems in Units 1, 2, and 4, and a new AC and heating unit in Unit 7. Additional infrastructure upgrades include a 400 AMP electrical service with underground connection, new subpanels in multiple units and the laundry room, and an upgraded main plumbing line connected to the city, providing long-term operational stability and reducing near-term capital expenditure risk. Exterior improvements include new patios for Units 1, 2, and 3, further enhancing tenant appeal. In addition, the property features a new 356 square foot storage room that is ready for subdivision into five rentable storage units, offering potential for additional ancillary income. Complemented by on-site laundry facilities and carport parking for each unit, the property delivers strong in-place cash flow with a 4.85% current CAP rate, while benefiting from exceptional long-term appreciation fundamentals driven by Manhattan Beach’s demographics, limited multifamily supply, and coastal location. 480 Rosecrans Ave represents a compelling opportunity for investors seeking a stabilized, well-improved coastal asset with durable income and meaningful upside in one of Los Angeles’ premier beach communities.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$735 USD /SF

# OF UNITS

7

PRICE/UNIT

$771,429

CAP RATE

4.85%

% 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

1974

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,886 SF

ZONING

MNRS

APN/PARCEL ID

4175-006-032

ASK ABOUT THIS PROPERTY

Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

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Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

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