121 Rosecrans Avenue, Property Listing: MLS® #SB24058670

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.

121 Rosecrans Avenue, Property Listing: MLS® #SB24058670 Close
Page Summary
  • 619-987-4851
REDUCED
  • MLS® #: SB24058670
  • 121 Rosecrans Avenue
  • , CA 90266
  • $3,599,000
  • 0.06 Acres
  • Office: Strand Hill Properties

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.

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Essential Information

  • MLS® #SB24058670
  • Listing Price$3,599,000
  • Original Listing Price$3,800,000
  • Date ListedMarch 24th, 2024
  • Days on Market29
  • Bathrooms0.00
  • Acres0.06
  • Lot Sq.Ft.2,706
  • TypeResidential Income
  • StatusACTIVE

Dues

  • HOA Dues$0

Community Information

  • Address121 Rosecrans Avenue
  • AreaMANHATTAN BEACH (90266)
  • CountyLos Angeles
  • StateCA
  • Zip Code90266

Amenities

  • PoolN/K

Interior

  • CoolingN/K
  • # of Stories2

Exterior

  • Lot DescriptionSidewalks
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Listing information last updated on April 30th, 2024 at 1:38am PDT.