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.
Menu