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Listed by Brett Lyon, DRE #01717818 • Lyon Stahl Investment Real Estate, Inc.
$ 5,300,000
Est. payment /mo
Price Dropped by $100K
480 Rosecrans AVE Manhattan Beach, CA 90266
5,888 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26071305
Year Built 1974
Lot Size 5,888 Sqft
Source California Regional MLS
Property Description
480 Rosecrans Ave offers a rare opportunity to acquire a 7-unit multifamily asset in the highly sought-after Sand Section of Manhattan Beach featuring a strong 5.03% current CAP rate in one of Southern California's most supply-constrained coastal rental markets The property features a townhome-style configuration with a highly attractive unit mix of (2) 3-bed/3-bath, (4) 2-bed/2-bath, and (1) 1-bed/1-bath units. Six of the units include private outdoor balconies, enhancing livability and supporting strong tenant demand in this beach-oriented submarket. Since April 2024, ownership has completed approximately $200,000 in capital improvements, including full plumbing and electrical renovations in Units 1, 2, and 7, new heating systems in Units 1, 2, and 4, and a new AC and heating unit in Unit 7. Additional infrastructure upgrades include a 400 AMP electrical service with underground connection, new subpanels in multiple units and the laundry room, and an upgraded main plumbing line connected to the city, providing long-term operational stability and reducing near-term capital expenditure risk. Exterior improvements include new patios for Units 1, 2, and 3, further enhancing tenant appeal. In addition, the property features a new 356 square foot storage room that is ready for sub
Location
State CA
County Los Angeles
Area 142 - Manhattan Bch Sand
Interior
Laundry Laundry Area
Exterior
Parking Features Carport
Garage Spaces 8.0
Pool None
Building
Story Three or More Stories
Water District - Public
Others
Tax ID 4175006032
Special Listing Condition Not Applicable
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