480 Rosecrans Avenue

Manhattan Beach, CA 90266

$5,500,000

Closed

  • 6,738Sq. Ft.
  • 5,883Lot Size (Sq.Ft.)

A rare opportunity for this beautiful remodeled 8-unit (2 non-conforming) ocean view apartment building in the Sand Section of Manhattan Beach! Over $200K in improvements! Most units have been completely redone with hardwood flooring, new kitchen and bathroom cabinetry, new appliances, new plumbing, new paint plus much more. These units sparkle!! Unit make up is 5 2 bedrooms/2 Bathroom units, one 4bed/4ba unit, one 1bed/1ba and one single with full kitchen and bath. The property is situated on an over-sized street to alley double lot with 10 covered parking spaces and additional tandem parking for a total of 18 parking spaces!! Truly an extraordinary opportunity with tons of potential in income as well as future building opportunities!

Key Details

  • Type: Residential Income
  • Year Built: 1974
  • Days on Market: 37
  • Combined DOM* : 45
  • Close Date: April 12th, 2019
  • Status: Closed
  • Closed Price: $5,500,000
  • PPSF: $816
  • Orig. list price: $5,950,000
  • Date Listed: February 11th, 2019
  • MLS® #: SB19032024
  • APN: 4175006032
  • Special:

Additional Info

  • Parking Spaces: 10

Co-Agent

  • Agent: David Salzman
  • Office: Engel & Volkers LA-South Bay

Community Information

  • Area: Sand Section
  • City/State: Manhattan Beach, CA
  • Zip Code: 90266
  • County: Los Angeles

Exterior

  • Lot Description: Level with Street
  • Lot Size (sq. ft.): 5,883
  • Lot Size (acres): 0.14
  • Roof: Flat Roof

Interior

  • Square Footage: 6,738

* 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” it, or sellers may change agents when a property has failed to sell.

Price History for 480 Rosecrans Avenue, Manhattan Beach, CA (MLS® #SB19032024)

Date Details Price Change
Closed (from Active)
Price Reduced (from $5,950,000) $5,600,000 $350,000 (5.88%)
Property Listed $5,950,000

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Based on information from California Regional Multiple Listing Service, Inc. as of July 22nd, 2019 at 4:25pm 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.