480 Rosecrans Ave | Manhattan Beach, CA 90266
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- LoopNet Team
480 Rosecrans Ave
Manhattan Beach, CA 90266
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Rare 8-Unit Building in the Sand Section of Manhattan Beach
- Townhome Style Units | (6) Units Equipped With Outdoor Balconies
- 4.01 % Cap | 5.11% Market Cap
- Unit Mix: (1) 4-Bed/4-Bath, (5) 2-Bed/2-Bath, (1) 1-Bed/1-Bath (Non Conforming Permit Pending), (1) Studio (Non Conforming)
- On-Site Laundry Space | Carport Spaces for Each Unit
- Attractive 5.16% Financing Available at 41% LTV. First 3 Years are Interest Only; 30 Year Amortization Thereafter
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Building Size | 7,347 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1974 |
| Building Class | C | Parking Ratio | 1.36/1,000 SF |
| Zoning | MNRM-D1 - Residential Medium Density | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 7,347 SF |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 1.36/1,000 SF |
| Zoning | MNRM-D1 - Residential Medium Density |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 533 |
| 1+1 | 1 | - | 708 |
| 2+2 | 5 | - | 987 |
| 4+4 | 1 | - | 1,563 |
PROPERTY TAXES
| Parcel Number | 4175-006-032 | Improvements Assessment | $867,000 |
| Land Assessment | $4,080,000 | Total Assessment | $4,947,000 |
PROPERTY TAXES
Parcel Number
4175-006-032
Land Assessment
$4,080,000
Improvements Assessment
$867,000
Total Assessment
$4,947,000
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