121 Rosecrans Avenue, Manhattan Beach CA, 90266
(Active)
$3,599,000
|
7 beds, 4 Full baths, 2,496 sqft
|
MLS# SB24058635
Last Updated: 4/27/2024 12:34 PM
Description for
121 Rosecrans Avenue
Manhattan Beach, CA 90266
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.
Price
$3,599,000
Los Angeles
7
4 Full
2,496 (approx)
SB24058635
Active
Description
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.
Listing Information
| Property Type: Single Family, Fourplex, Multi-Family, 2 Story | ||
| 7 | 4 Full | |
| 0.06 Acres | Assessor | 2,496 (approx) |
| 1954 | Yes-4 spaces | 2 |
Public
Public Sewer
Neighborhood
School Information
| District: Manhattan Unified | ||
Room Information
| Bathrooms: Main Level: 4 | |||
| 4 | |||
Main Level: 7, Total: 7
None
Interior Features
None
No Common Walls
1
None
Exterior / Lot Features
4 Garage Spaces,
8 Parking Spaces,
0 Covered Parking Spaces,
Garage Faces Front,Garage Faces Rear
None
Ocean, Water
Street Level
Driving Directions
Cross Streets: The Strand & Rosecrans Ave
Financial Considerations
| 4137012055 |
Conventional,Submit
Listing Price History
Manhattan Beach Real Estate
Manhattan Beach is located in California. Manhattan Beach, California 90266 has a population of 34,508.
The median household income in Manhattan Beach, California 90266 is $161,531. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Manhattan Beach 90266 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/22/2024 | Active | $3,599,000 USD -5.29% |
|
| 3/24/2024 | Active | $3,800,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $27,673 USD | 1.63% | $2,228,984 USD | 2.00% |
| 2022 | $27,229 USD | 1.15% | $2,185,293 USD | 2.00% |
| 2021 | $26,920 USD | 0.87% | $2,142,458 USD | - |
| 2020 | $26,687 USD | 10.48% | $2,142,458 USD | 1.07% |
| 2019 | $24,155 USD | 2.04% | $2,119,838 USD | 2.00% |