Listed by David Salzman, Engel & Volkers LA-South Bay,

480 Rosecrans Avenue

Manhattan Beach, CA, 90266

$5,995,000

$889 per ft²
$5,995,000
$889 per ft²
Active
Active
 - For Sale
carpenters-square
6,738 ft²
property_type
Multi-family
calendar
Built 1974
Amazing investment opportunity or 1031 Exchange. This beautiful and updated 8-unit ocean view apartment building in the Sand Section of Manhattan Beach! Many recent improvements and upgrades to these units! Most units have been completely redone with hardwood flooring, new kitchen and bathroom cabinetry, new appliances, new plumbing, new paint plus much more. These units sparkle!! Unit make up is 5- 2 bed/2 Bath units, one 4bed/4bath unit, one 1bed/1bath and one single with full kitchen and bath. The 1bed/1bath unit and one of the 2 bed/2 bath units were "split" from an original 4bed/3 bath unit. The single was built out in permitted space originally for storage. (We are told, broker has not confirmed-BTV!) The property is situated on an over-sized street to alley double lot with 10 covered parking in open garages, 2 open carports and additional tandem parking for a total of 18 possible spaces if parked correctly!! Truly an extraordinary opportunity with tons of potential in income as well as future upgrade potential! SEE ATTACHMENTS FOR FULL FINANCIALS
MLS® ID:
SB21263452
Listed:
1/4/22
Updated:
7/2/22
Vista Sotheby's International Realty
Jon Grogan

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area, Laundry Room
Heating
Electric

Exterior/Building Features

Lot Size
5,883 ft² lot
Lot Details
Irregular Lot, Street Level, Sloped Up
Roof
Flat
Sewer
Public Sewer

Other Property Details

Area Name
142 - Manhattan Bch Sand
HOA Amenities
Biking, Curbs, Street Lights, Suburban, Sidewalks
Garage
Yes
Garage Spaces
10
Parking
Attached Carport, Concrete, Carport, Garage Faces Front, On Site, Off Street, Garage Faces Rear
Parking Total
12.0
View
Y
County
Los Angeles
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Source
Public
Pool
No
Pool Description
None
Zoning
MNRM-D1

Property History

Date
Event
Price
Value
4/14/22
Price Change
$5,995,000
-3%

 

Listed by David Salzman, Engel & Volkers LA-South Bay,

Based on information from California Regional Multiple Listing Service, Inc. as of 7/2/22. 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, 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.

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Data last updated 5:08 AM UTC, 7/2/22

Vista Sotheby's International Realty
Jon Grogan
Contact