Listing by: Shawn Dugan, Strand Hill Properties, 310-265-3428
7 Beds
4 Baths
2,496 SqFt
Active
Located 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.
Property Details | ||
---|---|---|
Price | $3,599,000 | |
Bedrooms | 7 | |
Full Baths | 4 | |
Half Baths | 0 | |
Total Baths | 4 | |
Lot Size Area | 2706 | |
Lot Size Area Units | Square Feet | |
Acres | 0.0621 | |
Property Type | Residential | |
Sub type | Quadruplex | |
MLS Sub type | Quadruplex | |
Stories | 2 | |
Year Built | 1954 | |
View | Ocean,Water,White Water | |
Waterfront | Beach Access,Ocean Access,Ocean Side of Freeway,Ocean Side Of Highway 1 | |
Lot Description | Level with Street | |
Laundry Features | None | |
Pool features | None | |
Parking Description | Garage Faces Front,Garage Faces Rear | |
Parking Spaces | 8 | |
Garage spaces | 4 | |
Association Fee | 0 | |
Geographic Data | ||
Directions | Cross Streets: The Strand & Rosecrans Ave | |
County | Los Angeles | |
Latitude | 33.900797 | |
Longitude | -118.419074 | |
Market Area | 142 - Manhattan Bch Sand | |
Address Information | ||
Address | 121 Rosecrans Avenue, Manhattan Beach, CA 90266 | |
Postal Code | 90266 | |
City | Manhattan Beach | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Strand Hill Properties | |
Listing Agent | Shawn Dugan | |
Listing Agent Phone | 310-265-3428 | |
Buyer Agency Compensation | 2.500 | |
Attribution Contact | 310-265-3428 | |
Buyer Agency Compensation Type | % | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | Standard | |
School Information | ||
District | Manhattan Unified | |
MLS Information | ||
Days on market | 29 | |
MLS Status | Active | |
Listing Date | Mar 24, 2024 | |
Listing Last Modified | Apr 22, 2024 | |
Tax ID | 4137012055 | |
MLS Area | 142 - Manhattan Bch Sand | |
MLS # | SB24058635 |
This information is believed to be accurate, but without any warranty.