Listed By Strand Hill Properties, Shawn Dugan
310-265-3428
121 ROSECRANS AVE Manhattan Beach, CA 90266
$3,599,000
7
Bedrooms
4
Total Baths
4
Full Baths
2,496
Square Feet
0.06
Acres
1954
Year Built
Active
Status
MLS#
SB24058635
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.
Details for 121 ROSECRANS AVE
*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Price per square foot and days on website are not provided values and are calculated by RE/MAX.
Listing Office Strand Hill Properties, 310-545-0707
MLS# SB24058635
Updated 12:00AM - 4/29/2024
Listing Agent Shawn Dugan
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