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308 Rosecrans Ave
Manhattan Beach, CA 90266
El Porto Building | Multifamily & Retail · Retail Property For Sale
Investment Highlights
- WELL POSITIONED PROPERTY - Uniquely located next to the beach, near luxury homes and apt. buildings. It's also only a 6-min drive to Continental Park
- A+ CORNER - The subject property is situated on a signalized hard corner and visible to approximately 36,983 Vehicles Per Day.
- AFFLUENT COMMUNITY - The median household income in a one-mile radius is $179,301 and the median sold home price in Manhattan Beach is $2.2M
- STABILIZED ASSET WITH UPSIDE - The subject property is 100% occupied with approximately 10%+ upside in the base rents.
- STRONG TENANT MIX - The subject property consists of restaurants, retail, office, cell towers, and multifamily tenants.
- NORTH MANHATTAN BEACH DISTRICT FOOT TRAFFIC SYNERGY - Surrounded by tenants such as FishBar, Baja Sharkeez, Pancho's, OB's Pub & Grill, Two Guns
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
10,692 SF
Building Class
C
Year Built/Renovated
1953/2000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.52
Lot Size
0.16 AC
Zoning
MNCNE
Parking
1 Spaces (0.1 Spaces per 1,000 SF Leased)
Frontage
100’ on Rosecrans
Amenities
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
- Waterfront
- Balcony
Property Taxes
| Parcel Number | 4175-016-027 | Improvements Assessment | $2,396,503 |
| Land Assessment | $7,577,025 | Total Assessment | $9,973,528 |
Property Taxes
Parcel Number
4175-016-027
Land Assessment
$7,577,025
Improvements Assessment
$2,396,503
Total Assessment
$9,973,528
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