121 Rosecrans Avenue

Manhattan Beach, CA 90266

$3,599,000
Price
7
Beds
4
Baths
2,496 Sq. Ft.
$1,442 / Sq. Ft.
2,496
Sq. Ft.
$1,442
per Sq. Ft.

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...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.
  1. Listed by Shawn Dugan • DRE #01749343 • Brokerage DRE #01968431 • Strand Hill Properties • 310-265-3428

Property Details for 121 Rosecrans Avenue

View
Ocean, Water, White Water
Parking Spaces Total
8
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2496

Location

Listing Courtesy of Strand Hill Properties, Shawn Dugan, DRE #01749343
Add your commute
LISTING UPDATED: 04/22/2024 01:28 AM

Property Details for 121 Rosecrans Avenue

StatusActive
MLS #SB24058635
Days on Market35
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential
Year Built1954
CountyLos Angeles County

Location

Listing Courtesy of Strand Hill Properties, Shawn Dugan, DRE #01749343
Add your commute

Building Information for 121 Rosecrans Avenue

Building/Complex121 Rosecrans AveFloor-Stories2Residences-Pet Policy-Year Built1954Building Size-

Payment Calculator

$21,947 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,641

Property Taxes

$2,306

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 121 Rosecrans Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $158,760
  • Gross Scheduled Income: $158,760
  • Net Operating Income: $104,439
  • Gross Multiplier: 23.9
  • Cap Rate: 2.75
Expense Details
  • Operating Expense: $54,321
  • New Taxes Expense: $47,500
  • Insurance Expense: $1,893
  • Maintenance Expense: $1,573
  • Trash Expense: $1,272
  • Water Sewer Expense: $2,083
  • Total Expenses: $54,321
Tax / Assessment Info
  • Tax Tract Number: 0
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 23
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Equipment: N/K
  • Room Type: Living Room
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 7
  • Laundry: No
  • Laundry Features: None
  • Laundry Location: N/K
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: None
Exterior Features
  • Entry Location: 1
  • Structure Type: Quadruplex
  • View Description: Ocean, Water, White Water
  • Waterfront Features: Beach Access, Ocean Access, Ocean Side of Freeway, Ocean Side Of Highway 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Sign on Property: No
  • Lot Features: Level with Street
  • Lease Considered: No
  • Number Of Units: 4
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Attached Garage: Yes
  • Parking Features: Garage Faces Front, Garage Faces Rear
Property / Structure Info
  • Residential Styles: All Other Attached
  • Residential Unit Location: No Common Walls
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,940
  • Unit Type Total Rent: $3,940
  • Unit Type Pro Forma: 4295
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,200
  • Unit Type Total Rent: $3,200
  • Unit Type Pro Forma: 3650
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,140
  • Unit Type Total Rent: $3,140
  • Unit Type Pro Forma: 3650
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,950
  • Unit Type Total Rent: $2,950
  • Unit Type Pro Forma: 3100
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 0

Property History for 121 Rosecrans Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 121 Rosecrans Avenue

Taxable ValueLand$2,146,269Additions$82,715Total$2,228,984
Tax Record2023$27,673 ($2,306 / month)
Home Facts
Total Finished SqFt2,496 SqFtAbove Grade Finished SqFt2,496 SqFtLot Size2,700 SqFtStyleQuadraplexYear Built1954ZoningMNRHCountyLOS ANGELESAPN4137-012-055

Schools near 121 Rosecrans Avenue

This home is within Manhattan Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Grand View Elementary School
PublicK to 5

Manhattan Beach Middle School
Public6 to 8

Mira Costa High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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121 Rosecrans Avenue is a multi-family home for sale in Manhattan Beach, CA 90266. This property was listed for sale on March 24, 2024 by Strand Hill Properties, it's currently listed at $3,599,000. It has been on the market for a total of 35 days and was last sold on December 20, 2007. This listing's school district is Manhattan Beach Unified School District. Nearby schools include Grand View Elementary School, Manhattan Beach Middle School and Mira Costa High School. 121 Rosecrans Avenue is a 7-bed, 4-bath, 2,496 sqft multi-family home built in 1954.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Strand Hill Properties, Shawn Dugan, DRE #01749343

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.