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472 Rosecrans Ave 4 Unit Apartment Building $3,850,000 ($962,500/Unit) 4.12% Cap Rate Manhattan Beach, CA 90266
Investment Highlights
- Incredible Manhattan Beach Location walking distance to beach, restaurants, bars and boutiques.
- Incredible Ocean View Penthouse Unit perfect as permanent residence or vacation home for owner / user.
- Great cash flow on long term rents and ability to generate much higher rents on short term rentals allowed in this location plus value add opps.
Executive Summary
Turn Key Ocean View Modern Trophy Building in the prime Sand Section of Manhattan Beach! Generating $19,663 monthly, NOI of $158,6568, Cap Rate of 4.12%. Some upside in long term rents possible and this building lies within the MB Coastal Zone where lucrative short term rentals are legal. Walking to the beach, and the best restaurants, cafes, yoga studios, and trendy boutiques North MB has to offer. Taken down to studs, re-imagined by renowned Michael Lee Architects, extensively renovated inside and out. Exquisite attention to detail, pride of ownership w/ no money spared procuring designer luxury modern fixtures and finishes throughout. "Owners Penthouse" has rented to professional athletes and noteworthy celebs. Live in the owners unit, have other units pay your mortgage or rent them all and enjoy incredible cash flow! All luxury apartments appointed w/ brand new modern open kitchens w/ islands, custom closets, hardwood floors, recessed LED lighting, flat screen TVs and Sonos. Step into lucrative fully occupied rentals cash flowing immediately! Solar system owned. All units have private laundry. 4 modern private garages with storage and EV charging stations. 8 additional coveted parking spaces! MB income properties this turn key with modern designer finishes, incredible parking, and an ocean view owners penthouse unit rivaling most Sand Section townhomes are a truly rare find! Possible value add addition. Inquire for current rent roll and building financials.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,850,000 | Apartment Style | Low-Rise |
| Price Per Unit | $962,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 4.12% | Building Size | 2,663 SF |
| Gross Rent Multiplier | 16.34 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1966/2019 |
| Property Subtype | Apartment | Parking Ratio | 3/1,000 SF |
| Zoning | RH - Legal Triplex and in Coastal Zone of Manhattan Beach where short term renting is legal. | ||
| Price | $3,850,000 |
| Price Per Unit | $962,500 |
| Sale Type | Investment |
| Cap Rate | 4.12% |
| Gross Rent Multiplier | 16.34 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 2,663 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1966/2019 |
| Parking Ratio | 3/1,000 SF |
| Zoning | RH - Legal Triplex and in Coastal Zone of Manhattan Beach where short term renting is legal. |
Amenities
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Views
- Wi-Fi
- Grill
- Deck
- Dining Room
- Family Room
- Garden
- Skylights
- Window Coverings
Site Amenities
- Laundry Facilities
- Car Charging Station
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $2,750 | 223 |
| 1+1 | 1 | $3,800 | 600 |
| 2+2 | 2 | $6,625 | 800 - 1,040 |
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Fairly walkable
50/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 4175-006-020 | Total Assessment | $3,827,757 |
| Land Assessment | $3,171,571 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $656,186 | Tax Year | 2025 |
Property Taxes
Parcel Number
4175-006-020
Land Assessment
$3,171,571
Improvements Assessment
$656,186
Total Assessment
$3,827,757
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
472 Rosecrans Ave