121 Rosecrans AVE Manhattan Beach, CA 90266
Sale
$3,800,000
4 Units
7 Beds
4 Baths
2,496 Area(sq.ft.)
2,706 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 3,940 | $ 3,940 | $ 4,295 |
| Unit 2 | 1 | 2 | 1 | No | $ 3,200 | $ 3,200 | $ 3,650 |
| Unit 3 | 1 | 2 | 1 | No | $ 3,140 | $ 3,140 | $ 3,650 |
| Unit 4 | 1 | 1 | 1 | No | $ 2,950 | $ 2,950 | $ 3,100 |
| 4 | 4 | 7 | 4 | $ 13,230 | $ 13,230 | $ 14,695 |
| MLS #: | SB24058670MR |
| Days On Market: | 1 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,522 |
| Price per unit: | $ 950,000 |
| Year Built: | 1954 |
Property Details
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.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 54,321 |
| Net Operating Income: | $ 104,439 |
| Cap Rate: | 2.75% |
| Gross Rent Multiplier: | 23.90 |
Structure
| Community Features: | Sidewalks |
| Sewer: | Public Sewer |
| View Description: | Ocean, Water, White Water |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
Interior
| AC/Cooling: | None |
| Fireplace Rooms: | None |
| Laundry: | None |
Exterior
| Pool: | No |
Detailed Map
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