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Manhattan Beach, CA 90266 121 Rosecrans Avenue

$3,450,000

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Presented By: Shawn Dugan with Strand Hill Properties; 310-265-3428
  • MLS# SB24058670
  • 03/24/2024
  • Request Tour
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  • BedBeds • 7
  • BathBaths • 4
  • FootageSQFT • 2,496
  • GarageGarage • 4

Home Details

Located just 3 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). 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.
Presented By: Shawn Dugan with Strand Hill Properties; 310-265-3428

Interior Features for 121 Rosecrans Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 121 Rosecrans Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityManhattan Beach
Community FeaturesSidewalks
CoolingNone
CountyLos Angeles
Days on Market46
DirectionsCross Streets: The Strand & Rosecrans Ave
Entry Location1
Garage Spaces4.0
Garage Y/NYes
Gross Income158760.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense1893.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsConventional, Submit
Lot Size Square Feet2706.0
MLS Area142 - Manhattan Bch Sand
MaintenanceExpense1573.0
MobileHomeRemainsYNNo
Net Operating Income104439.0
New ConstructionNo
Number of Units Leased4
Open Parking Spaces4.0
Operating Expense54321.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameRosecrans
Tax Lot23
Taxes$47,500
Total Units4
Trash Expense1272.0
ViewOcean, Water
View Y/NYes
Water Sewer Expense2083.0
Waterfront FeaturesBeachAccess, OceanAccess, OceanSideOfFreeway, OceanSideOfHighway
Waterfront Y/NNo
Year Built1954
Year Built SourceAssessor

Exterior for 121 Rosecrans Avenue

Building Area Total2496.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres0.0621
Lot Size Area2706.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesGarageFacesFront, GarageFacesRear
SpaNo
Total Parking8.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $3,450,000
MLS#SB24058670
List Date 03/24/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors