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121 Rosecrans Avenue

Manhattan Beach, 90266

7 Bd
4 Ba
2,496 Sqft
2,706 Lot
$3,599,000 Current Price
Active Status
31 Days on Market
Mar 24 First Day Active
$3,800,000 Start Price

Description

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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Property Details for 121 Rosecrans Avenue

Listing Details

Listing Advertised By
Dave Fratello, Edge(310) 243-6299|
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Listing Presented By
Shawn Dugan
Listing Brokered By
Strand Hill Properties
Type
Residential, Quadruplex
Year Built
1954 (Assessor)
MLS Area
142 - Manhattan Bch Sand

Price and MLS Information

Status
Active | Listing History
MLS Days on Mkt.
31 DOM
Combined DOM*
31
First Date Active
March 24th, 2024
Current Price
$3,599,000
Current PPSF
$1,442
Orig. List Price
$3,800,000
MLS® #
SB24058635
APN
4137012055
Special
Standard

Home Interior Information

Levels/Stories
Two
Bedrooms
7
Total Baths
4
Full Baths
4
Int. Sqft.
2,496
Cooling
None
Fireplaces
None

Room Information

Room Type
Living Room
Laundry
None

Exterior Information

Lot Description
Street Level
Lot Size (sq. ft.)
2,706
Lot Size (acres)
0.06
Pool
None
Parking Spaces
8
Garage Spaces
4

View, Style & Tour Information

View
Ocean, Water

Utilities Information

Water Source
Public

Additional Information

Buyer's Brokerage Fee
2.500

* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.

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Neighborhood Information

MLS Area
142 - Manhattan Bch Sand
City/State
Manhattan Beach
Zip Code
90266
County
Los Angeles
# of Units
4
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School Information

District
Manhattan Unified
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Listing/Price History

121 Rosecrans Avenue, Manhattan Beach, (MLS® #SB24058635)

Date Details Price Change
Price Reduced (from $3,800,000) $3,599,000 $201,000 (5.29%)
First Day Active $3,800,000
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Listing Summary

Quick Summary of 121 Rosecrans Avenue: This 7 Bedroom/4 Bathroom home in Manhattan Beach is priced at $3,599,000 ($1,442/PSF) . The 2,496 sqft. Quadruplex residence was originally built in 1954 and was listed on March 24th, 2024 at $3,800,000, showing 31 Days on Market currently. Contact Dave Fratello today for more information or to go see 121 Rosecrans Avenue.

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Based on information from California Regional Multiple Listing Service, Inc. as of April 24th, 2024 at 6:35am PDT. 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.