Seller's Agent in 2023
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
(310) 780-1899
12 in this area
143 Total Sales
480 Rosecrans Ave Manhattan Beach, CA 90266
15
Beds
16
Baths
7,347
Sq Ft
5,886
Sq Ft Lot
Highlights
- Laundry Room
- Grand View Elementary School Rated A
- Bike Trail
About This Home
As of August 2023480 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
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 11/01/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1974
Lot Details
- 5,886 Sq Ft Lot
- No Common Walls
- Lot Sloped Down
Home Design
- 7,347 Sq Ft Home
Bedrooms and Bathrooms
- 15 Bedrooms
- 16 Bathrooms
Parking
- 8 Parking Spaces
- 8 Carport Spaces
- Parking Available
Additional Features
- Laundry Room
- Private Sewer
Listing and Financial Details
- Tax Lot 10
- Tax Tract Number 3843
- Assessor Parcel Number 4175006032
- $1,600 per year additional tax assessments
Community Details
Recreation
- Bike Trail
Building Details
- 6 Leased Units
- 7 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $4,408
- Maintenance Expense $9,682
- Other Expense $6,400
- Professional Management Expense $16,137
- New Taxes Expense $66,901
- Operating Expense $104,728
- Gross Income $322,740
- Net Operating Income $208,330
Additional Features
- 8 Units
- Laundry Facilities
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/02/2023 08/02/23 | Sold | $4,850,000 | -9.3% | $660 / Sq Ft | |
| 02/07/2023 02/07/23 | Pending | -- | -- | -- | |
| 01/25/2023 01/25/23 | Price Changed | $5,350,000 | -2.6% | $728 / Sq Ft | |
| 12/12/2022 12/12/22 | Price Changed | $5,495,000 | -6.1% | $748 / Sq Ft | |
| 11/01/2022 11/01/22 | For Sale | $5,850,000 | +6.4% | $796 / Sq Ft | |
| 04/12/2019 04/12/19 | Sold | $5,500,000 | -1.8% | $816 / Sq Ft | View Prior Sale |
| 03/11/2019 03/11/19 | Price Changed | $5,600,000 | -5.9% | $831 / Sq Ft | |
| 02/11/2019 02/11/19 | For Sale | $5,950,000 | +12.3% | $883 / Sq Ft | |
| 04/19/2016 04/19/16 | Sold | $5,300,000 | 0.0% | $787 / Sq Ft | View Prior Sale |
| 03/22/2016 03/22/16 | Pending | -- | -- | -- | |
| 02/02/2016 02/02/16 | For Sale | $5,300,000 | -- | $787 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $56,095 | $4,947,000 | $4,080,000 | $867,000 |
| 2024 | $56,095 | $4,850,000 | $4,000,000 | $850,000 |
| 2023 | $67,672 | $5,930,280 | $3,641,400 | $2,288,880 |
| 2022 | $66,324 | $5,797,739 | $3,514,188 | $2,283,551 |
| 2021 | $65,062 | $5,668,119 | $3,390,566 | $2,277,553 |
| 2020 | $64,477 | $5,610,570 | $3,355,800 | $2,254,770 |
| 2019 | $64,560 | $5,610,570 | $3,355,800 | $2,254,770 |
| 2018 | $63,366 | $5,507,630 | $3,294,034 | $2,213,596 |
| 2016 | $5,448 | $371,928 | $152,410 | $219,518 |
| 2015 | $5,356 | $366,342 | $150,121 | $216,221 |
| 2014 | $5,336 | $359,167 | $147,181 | $211,986 |
Source: Public Records
Agents Affiliated with this Home
-
Brett Lyon
-
Woody Stahl
Seller Co-Listing Agent in 2023
Woody Stahl
Lyon Stahl Investment Real Est
(310) 710-3829
17 in this area
152 Total Sales
-
C
Seller's Agent in 2019
Carole Hansen
Engel & Völkers LA-South Bay
-
Dave Salzman
Seller Co-Listing Agent in 2019
Dave Salzman
Engel & Völkers LA South Bay
(310) 871-5314
14 in this area
66 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22233106
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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