Listed by Brett Lyon with Lyon Stahl Investment Real Estate, Inc.

480 Rosecrans Avenue

Manhattan Beach, CA, 90266

$5,350,000

$728 per ft²
$5,350,000
$728 per ft²
Active Under Contract
Active Under Contract
 - For Sale
carpenters-square
7,347 ft²
property_type
Multi-family
calendar
Built 1974
480 Rosecrans Ave is a rare 8-unit building in the sand section of Manhattan Beach. The 8,486 SF building features (1) 4-Bed/4-Bath, (5) 2-Bed/2-Bath, (1) 1-Bed/1-Bath, and (1) Studio Units. The 1-Bed/1-Bath unit is non-conforming permit pending and the studio unit is non conforming. The building sits on a 5,886 SF lot and includes an on-site laundry space and carport spaces for each unit. The building boasts a 4.01% Cap with a 5.11% market cap and generates over $26K per month. Located less than a half mile from the beach, 480 Rosecrans Ave is a trophy asset and rare opportunity to own commercial real estate in the coveted Beach Cities submarket. Attractive 5.16% financing available at 41% LTV. First 3 years are interest only; 30 year amortization thereafter. Full Loan Quote included in the Offering Memorandum
MLS® ID:
SB22233106
Listed:
10/31/22
Updated:
4/1/23
Compass
Accardo Real Estate Company

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area

Exterior/Building Features

Lot Size
5,886 ft² lot
Lot Details
Sloped Down
Sewer
Private Sewer

Other Property Details

Area Name
142 - Manhattan Bch Sand
Association Amenities
Biking
Garage
No
Parking
Carport
Parking Total
8.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Zoning
MNRM-D1
Buyer Agency Compensation
2.500

Property History

Date
Event
Price
Value
12/12/22
Price Change
$5,495,000
-6%
1/25/23
Price Change
$5,350,000
-2%
2/7/23
Active Under Contract
-
-

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/1/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 4/1/23 at 8:46 PM UTC

Compass
Accardo Real Estate Company
Contact