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.
Property Details for 121 Rosecrans Avenue
Listing Details
- Listing Advertised By
- Dave Fratello, Edge(310) 243-6299|
|
- 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.
- 34 DOM
- Combined DOM*
- 34
- 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.
Neighborhood Information
School Information
- District
- Manhattan Unified
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 | – |
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 34 Days on Market currently. Contact Dave Fratello today for more information or to go see 121 Rosecrans Avenue.
Based on information from California Regional Multiple Listing Service, Inc. as of April 27th, 2024 at 4:55pm 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.
