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480 Rosecrans Avenue
Manhattan Beach, CA 90266
Sold
480 Rosecrans Avenue
Manhattan Beach, CA 90266
Sold
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
PROPERTY INFORMATION
| MLS # | SB22233106 | Lot Size | 5,886 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Commercial/Residential |
| Price | $ 5,350,000
Price Per SqFt: $ 728 |
DOM | 1023 Days |
| Address | 480 Rosecrans Avenue | Type | Residential Income |
| City | Manhattan Beach | Sq.Ft. | 7,347 Sq. Ft. |
| Postal Code | 90266 | Garage | N/A |
| County | Los Angeles | Year Built | 1974 |
| Bed / Bath | 15 / 0 | Parking | 8 |
| Built In | 1974 | Status | Closed |
| Sold Date | 2023-08-02 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $5,707
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/02/2023 | Sold | $4,850,000 |
| 04/14/2023 | Pending | $5,350,000 |
| 01/25/2023 | Price Change | $5,350,000 (-2.64%) |
| 11/01/2022 | Listed | $5,850,000 |
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Listing provided courtesy of Brett Lyon, Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
