121 Rosecrans Avenue
121 Rosecrans Avenue
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121 Rosecrans Avenue
For Sale

121 Rosecrans Avenue

121 Rosecrans Avenue, Manhattan Beach, CA 90266

$3,800,000
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.

Features & Amenities

Interior

  • total bedrooms7
  • Total bathrooms4
  • full bathrooms4
  • Laundry room None
  • Fireplace None

Area & Lot

  • Status For Sale
  • Living Area2,496 Sq.Ft.
  • Lot Area2,706 Sq.Ft.
  • MLS® IDSB24058635
  • TypeMulti-Family
  • YEAR BUILT1954
  • Water Frontage['Beach Access', 'Ocean Access', 'Ocean Side Of Freeway', 'Ocean Side Of Highway']
  • View DescriptionOcean, Water
  • School DistrictManhattan Unified

Exterior

  • STORIES2
  • Garage Space4.0
  • water SourcePublic
  • PoolNone
  • lot featuresStreet Level
  • parkingGarage Faces Front, Garage Faces Rear
  • AIR CONDITIONINGNone
  • sewerPublic Sewer

Financial

  • Sales Price$3,800,000
Shawn Dugan

Shawn Dugan

Work With Shawn

Whether you are purchasing your first home or moving up to your dream property, selling a starter home or an heirloom luxury estate, I make sure no detail is overlooked in helping you reach your goals.