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

480 Rosecrans Avenue

Manhattan Beach, CA, 90266

$5,850,000

$796 per ft²
$5,850,000
$796 per ft²
Active
Active
 - 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 3.56% Cap with a 4.58% 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.
MLS® ID:
SB22233106
Listed:
10/31/22
Updated:
11/28/22

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
HOA 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

Courtesy of Lyon Stahl Investment Real Estate, Inc., Brett Lyon,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 11/28/22. 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 8:29 PM UTC, 11/28/22

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