121 Rosecrans Avenue Manhattan Beach, CA ^$ 3,599,000

121 Rosecrans Avenue

^$ 3,599,000

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121 Rosecrans Avenue

Manhattan Beach, CA, 90266

^$ 3,599,000

Bedrooms7 Baths4.0 Sq 2,496

Monthly Estimate*

^$ 25,140

Listed by Strand Hill Properties

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Multi-Family Home for sale in Manhattan Beach, CA

for $3,599,000 with 7 bedrooms and 4 full baths. This 2,496 square foot home was built in 1954 on a lot size of 0.0621.

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.

Multi-Family Active

Price

^$ 3,599,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Quadruplex

Lot Size

0.0621

Year Built

1954

Town/City

Manhattan Beach

County/Region

Los Angeles

MLS | Web ID

SB24058670

Days on Market

Features

General

Sewer PublicSewer

Cooling None

Possession CloseOfEscrow

HOA 0.0

Garage Spaces 4.0

Pool Features None

Year Built 1954

View Ocean Water

Stories 2

Levels Two

Property SubType Quadruplex

Gross Income 158760.0

Waterfront Features BeachAccess OceanAccess OceanSideOfFreeway OceanSideOfHighway

Community Features Sidewalks

County Los Angeles

Net Operating Income 104439.0

Operating Expense 54321.0

Insurance Expense 1893.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Cross Streets: The Strand & Rosecrans Ave

City Manhattan Beach

Entry Location 1

View Y/N Y

Senior Community Y/N N

Open Parking Spaces 4.0

Total Units 4

MLS Area 142 - Manhattan Bch Sand

Lot Size Square Feet 2706.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 4

Street Name Rosecrans

Listing Terms Conventional Submit

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Trash Expense 1272.0

Water Sewer Expense 2083.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 29

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 23

Property Sub Type Additional Quadruplex

Taxes 47500.0

Cap Rate 2.75

Exterior

Parking Features GarageFacesFront GarageFacesRear

Lot Features StreetLevel

Water Source Public

Total Parking 8.0

Lot Size Area 2706.0

Number of Buildings 1

Spa N

Building Area Total 2496.0

Lot Size Acres 0.0621

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 0

Number of Separate Gas Meters 4

Number of Separate Electric Meters 4

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Fireplace Features None

Total Stories 2

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 121

* Excluded Features

List By

Strand Hill Properties

Broker

(310) 265-3428

Phone

Affordability Calculator

$25,140

Per Month

Monthly Principal & Interest: $25,140
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Manhattan Beach, CA

Average List Price ^$7,046,031

Percent of Sale Price 96%

About Manhattan Beach, CA

34,789 Population

2% Since 2002

^$151,500 Median Income

43.46 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/22/2024	$3,599,000	-5.29%	Price Down
3/24/2024	$3,800,000		Listed Price

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121 Rosecrans Avenue, Manhattan Beach, CA, 90266 is a Multi-Family Home for sale at $3,599,000 with 2,496 sqft and a lot size of 0.0621. 121 Rosecrans Avenue has 7 bedrooms, 4.0 baths, and was built in 1954. The property's zip code is 90266 which is in Manhattan Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/29/2024. 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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121 Rosecrans Avenue

Multi-Family Home for sale in Manhattan Beach, CA

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