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
- Parking:
- 6.00
- New Construction YN:
- 0
- Laundry:
- Upper Level
- Parking:
- Workshop in Garage
- Sewer
- Common Walls:
- No Common Walls
- Senior Community:
- 0
- List Agent Agent ID:
- SBLYONBRE
- Water Source:
- Public
- Lot Features:
- Sloped Down
- Community Features:
- Biking
- Street:
- Rosecrans
- Street Number:
- 480
- Street Suffix:
- Avenue
- Zip4:
- 3464
- Floor Number:
- 0
- Longitude:
- W119° 35' 6.6''
- Latitude:
- N33° 54' 5.7''
- Listing Courtesy of:
- Lyon Stahl Investment Real Estate, Inc.
- TaxAnnualAmount:
- $0
- Zoning:
- MNRM-D1
- Lot Size Square Feet:
- 5,886 Sqft
- List Agent Last Name:
- Lyon
- List Agent License Number:
- 01717818
- Special Listing Conditions:
- Standard
- List Office ID:
- sb1310620
- List Agent First Name:
- Brett
- DirectionFaces:
- North
- Directions:
- West of the Corner of Bell Ave and Rosecrans Ave
- MLSAreaMajor:
- 142 - Manhattan Bch Sand
- Parcel Number:
- 4175006032
- List Agent License Number:
- 01972083
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
Residential Income Sold
480 Rosecrans Avenue, Manhattan Beach, California 90266
- Property Type :
- Residential Income
- Listing Type :
- Sold
- Listing ID :
- SB22233106
- List Price :
- $5,350,000
- Year Built :
- 1974
- Lot Area :
- 0.14 Sqft
- Country:
- US
- State:
- CA
- County:
- Los Angeles
- City:
- Manhattan Beach
- Zipcode:
- 90266
- Close Price :
- $4,850,000
- Status :
- Closed
- Property Type :
- Commercial/residential
- Price Per Square Foot :
- $660
- Days on Market :
- 98
