- N/A BR
- 0 BA
- N/A SqFt.
- 2,689 Lot
- $3,400,000
- Active
- DOM: 73
Description
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
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Property Details for 480 Rosecrans Avenue
Listing Details
- Listing Advertised By
- Dave Fratello, Edge(310) 243-6299|
|
- Listing Presented By
- Brett Lyon
- Listing Brokered By
- Lyon Stahl Investment Real Estate, Inc.
- Type
- Residential Income, Mixed Use
- Year Built
- 1974 (Assessor)
- MLS Area
- 142 - Manhattan Bch Sand
Price and MLS Information
- Status
- Closed | Listing History
- MLS Days on Mkt.
- 98 DOM
- Combined DOM*
- 98
- First Date Active
- November 1st, 2022
- Closing Date
- August 2nd, 2023
- Sold Price
- $4,850,000
- Orig. List Price
- $5,850,000
- MLS® #
- SB22233106
- APN
- 4175006032
- Special
- Standard
Room Information
- Laundry
- CommonArea
Exterior Information
- Lot Description
- Sloped Down
- Lot Size (sq. ft.)
- 5,886
- Lot Size (acres)
- 0.14
- Pool
- None
- Parking Spaces
- 8
Utilities Information
- Water Source
- Public
Additional Information
- Zoning
- MNRM-D1
- Buyer's Brokerage Fee
- 2.500
- Co-Agent
- J.Woody Stahl
- Co-Agent Office
- Lyon Stahl Investment Real Est
* 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
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Listing/Price History
480 Rosecrans Avenue, Manhattan Beach, CA (MLS® #SB22233106)
| Date | Details | Price | Change |
|---|---|---|---|
| Closed | $4,850,000 | – | |
| Pending | – | – | |
| Active Under Contract (from Active) | – | – | |
| Price Reduced (from $5,495,000) | $5,350,000 | $145,000 (2.64%) | |
| Price Reduced | $5,495,000 | $355,000 (6.07%) | |
| Show More (1) | |||
| First Day Active | $5,850,000 | – | |
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Listing Summary
Quick Summary of 480 Rosecrans Avenue: This home in Manhattan Beach is priced at $5,350,000 . The Mixed Use residence was originally built in 1974 and was listed on November 1st, 2022 at $5,850,000, showing 98 Days on Market currently. Contact Dave Fratello today for more information or to go see 480 Rosecrans Avenue.
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Based on information from California Regional Multiple Listing Service, Inc. as of April 26th, 2024 at 1:10am 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.
