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121 Rosecrans Avenue
Manhattan Beach CA 90266 US

$3,599,000

Active Listing ID SB24058670
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7 bed
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4.00 Bath (4 Full Bath)
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Lot: 2,706.00 Square Feet
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Quadruplex

$3,599,000

Active Listing ID SB24058670
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121 Rosecrans Avenue 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.

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Property Features

  • Facts
  • Lot Size: 2,706.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Quadruplex
  • Features
  • Full Bathrooms: 4
  • Cooling System: None
  • Exterior Finish: Community Features Included: Sidewalks, Level With Street

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Quadruplex
  • listprice: 3599000
  • unparsedaddress: 121 Rosecrans Avenue
  • postalcity: Manhattan Beach
  • stateorprovince: CA
  • country: US
  • postalcode: 90266
  • bathroomsfull: 4
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.0621212121212121
  • lotsizeunits: Square Feet
  • lotsizearea: 2706
  • livingarea: 2496
  • livingareaunits: Square Feet
  • listagentfullname: Shawn Dugan
  • listagentemail: manonthestrand@gmail.com
  • listagentkey: 3yd-MRMLSCA-SDUGASHA
  • listagentmlsid: SDUGASHA
  • listagentpreferredphone: 3102653428
  • listagentofficephone: 3105450707
  • listofficekey: 3yd-MRMLSCA-sb1310590
  • listagentstatelicense: 01749343
  • listofficemlsid: sb1310590
  • disclaimer: Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1954
  • listingcontractdate: 2024-03-24
  • listagenturl: http://www.ManOnTheStrand.com
  • countyorparish: Los Angeles
  • parcelnumber: 4137012055
  • cooling: None
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 8
  • parkingfeatures: Garage
  • view: Ocean, Water
  • waterfrontyn: False
  • exteriorfeatures: Community Features Included: Sidewalks, Level With Street
  • waterfrontfeatures: Beach Access, Ocean Access, Ocean Side Of Freeway, Ocean Side Of Highway 1
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Living Room
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
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Listing Changed: 4/22/2024 4:46:35 PM GMT
Source Updated Date: 5/2/2024 6:59:26 AM GMT

Courtesy of: Shawn Dugan, Strand Hill Properties, manonthestrand@gmail.com

Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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