Located just 3 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). 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.
MLS #
CRSB24058670
MLS Source
California Regional MLS
Days on Site
53
Buyer's Brokerage Compensation*
2.50
Laundry
None
Cooling
None
Pool
None
Garage/Parking
Garage, Garage: 4 Car(s)
HOA Fee
$0
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | 4 | 4 |
121 Rosecrans Ave is a Residential Income in Manhattan Beach, CA 90266. This – square foot property sits on a 2,706 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,450,000 and was built in 1954.
This address can also be written as 121 Rosecrans Ave, Manhattan Beach, CA 90266.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of May 09, 2024. For the most current information, please contact Shawn Dugan, (310) 265-3428