480 Rosecrans Avenue
Manhattan Beach, CA 90266
- – beds
- – baths
- – sqft
- 5,886 sqft lot
- 1974 build
- – on site
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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 4.01% Cap with a 5.11% 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. Attractive 5.16% financing available at 41% LTV. First 3 years are interest only; 30 year amortization thereafter. Full Loan Quote included in the Offering Memorandum
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Last updated Aug 2, 2023
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MLS# SB22233106 —
Walk Score®
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Soundscore™
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
8/2/23
Aug 2, 2023
|
Sold | CRMLS_CA | $4,850,000 | -9.3% |
|
4/14/23
Apr 14, 2023
|
Pending | CRMLS_CA | $5,350,000 | |
|
2/7/23
Feb 7, 2023
|
Sold Subject To Contingencies | CRMLS_CA | $5,350,000 |