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$ 3,850,000
Est. payment /mo
Active
472 Rosecrans Avenue Manhattan Beach, CA 90266
5 Beds
2,663 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,663 sqft
Price per Sqft $1,445
MLS Listing ID CL26830069
Bedrooms 5
HOA Y/N No
Year Built 1966
Lot Size 2,882 Sqft
Acres 0.07
Property Sub-Type OTHER
Property Description
Turn Key Ocean View Modern Trophy Building in the prime Sand Section of Manhattan Beach! Generating $19,663 monthly, NOI of $158,6568, Cap Rate of 4.12%. Some upside in long term rents possible and this building lies within the MB Coastal Zone where lucrative short term rentals are legal. Walking to the beach, and the best restaurants, cafes, yoga studios, and trendy boutiques North MB has to offer. Taken down to studs, re-imagined by renowned Michael Lee Architects, extensively renovated inside and out. Exquisite attention to detail, pride of ownership w/ no money spared procuring designer luxury modern fixtures and finishes throughout. "Owners Penthouse" has rented to professional athletes and noteworthy celebs. Live in the owners unit, have other units pay your mortgage or rent them all and enjoy incredible cash flow! All luxury apartments appointed w/ brand new modern open kitchens w/ islands, custom closets, hardwood floors, recessed LED lighting, flat screen TVs and Sonos. Step into lucrative fully occupied rentals cash flowing immediately! Solar system owned. All units have private laundry. 4 modern private garages with storage and EV charging stations. 8 additional coveted parking spaces! MB income properties this turn key with modern designer finishes, incredible parking, and an ocean view owners penthouse unit rivaling most Sand Section townhomes are a truly rare find! Possible value add addition. Inquire for current rent roll and building financials.
Location
State CA
County Los Angeles
Zoning MNRH
Interior
Heating Fireplace(s)
Cooling No Air Conditioning
Flooring Wood
Fireplace No
Laundry Dryer, In Garage, Laundry Room, Washer
Exterior
View Y/N true
View Other, Ocean
Total Parking Spaces 10
Building
New Construction No
Others
Tax ID 4175006020
Virtual Tour https://vimeo.com/351824830
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Listed by Mitch Hagerman • Vista Sotheby's International Realty