480 Rosecrans Avenue
480 Rosecrans Avenue
$4,850,000
15
16
7,347
7,347
$660
Closed 8/2/23
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...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
- Listed by Brett Lyon • DRE #01717818 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
- Listed by J.Woody Stahl • DRE #01399621 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Est
Property Details for 480 Rosecrans Avenue
Parking Spaces Total
8
Private PoolNo
Total Units8.0
Building TypeDetached
Lot Size SourceAssessor
Living Area7347
Assessor Parcel Number4175-006-032
Property Attached YNfalse
Location
LISTING UPDATED: 08/02/2023 07:05 AM
Property Details for 480 Rosecrans Avenue
Status | Closed |
---|---|
MLS # | SB22233106 |
Days on Market | 98 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1974 |
Lot Size | 0.14 AC / 5,886 SF |
County | Los Angeles County |
Location
Building Information for 480 Rosecrans Avenue
Stories-Residences-Year Built1974Building Size-Lot Size0.14 AC / 5,886 SF
Payment Calculator
$32,107 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 480 Rosecrans Avenue
Property History for 480 Rosecrans Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 480 Rosecrans Avenue
Taxable ValueLand$3,641,400Additions$2,289,450Total$5,930,850
Tax Record2023$67,672 ($5,639 / month)
Home Facts
Total Finished SqFt6,738 SqFtAbove Grade Finished SqFt6,738 SqFtLot Size5,887 SqFtStyleMulti-Family Res (5+ Units)Year Built1974ZoningMNRM-D1CountyLOS ANGELESAPN4175-006-032
Schools near 480 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 | |||
Private - | PK to 8 |
Rating | School | Distance |
---|---|---|
Grand View Elementary School PublicK to 5 | ||
Manhattan Beach Middle School Public6 to 8 | ||
Mira Costa High School Public9 to 12 | ||
American Martyrs School PrivatePK to 8 |
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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