480 Rosecrans Ave Manhattan Beach, CA 90266
Estimated payment $33,308/month
About This Home
480 Rosecrans Ave offers a rare opportunity to acquire a 7-unit multifamily asset in the highly sought-after Sand Section of Manhattan Beach featuring a strong 5.03% current CAP rate in one of Southern California’s most supply-constrained coastal rental markets
The property features a townhome-style configuration with a highly attractive unit mix of (2) 3-bed/3-bath, (4) 2-bed/2-bath, and (1) 1-bed/1-bath units. Six of the units include private outdoor balconies, enhancing livability and supporting strong tenant demand in this beach-oriented submarket.
Since April 2024, ownership has completed approximately $200,000 in capital improvements, including full plumbing and electrical renovations in Units 1, 2, and 7, new heating systems in Units 1, 2, and 4, and a new AC and heating unit in Unit 7. Additional infrastructure upgrades include a 400 AMP electrical service with underground connection, new subpanels in multiple units and the laundry room, and an upgraded main plumbing line connected to the city, providing long-term operational stability and reducing near-term capital expenditure risk.
Exterior improvements include new patios for Units 1, 2, and 3, further enhancing tenant appeal. In addition, the property features a new 356 square foot storage room that is ready for subdivision into five rentable storage units, offering potential for additional ancillary income.
Complemented by on-site laundry facilities and carport parking for each unit, the property delivers strong in-place cash flow with a 5.03% current CAP rate, while benefiting from exceptional long-term appreciation fundamentals driven by Manhattan Beach’s demographics, limited multifamily supply, and coastal location.
480 Rosecrans Ave represents a compelling opportunity for investors seeking a stabilized, well-improved coastal asset with durable income and meaningful upside in one of Los Angeles’ premier beach communities.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 3107801899 License #01717818 Listed on: 04/06/2026
Co-Listing Agent
Lyon Stahl Investment Real Est Brokerage Phone: 3107801899 License #01399621
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1974
Lot Details
- 5,888 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 7,347 Sq Ft Home
- 4-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 15 Bedrooms
- 15 Bathrooms
Parking
- 8 Parking Spaces
- 8 Carport Spaces
- Parking Available
Listing and Financial Details
- Tax Lot 10
- Tax Tract Number 3843
- Assessor Parcel Number 4175006032
- $2,003 per year additional tax assessments
Community Details
Recreation
- Bike Trail
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $9,184
- Maintenance Expense $15,456
- Other Expense $5,950
- Professional Management Expense $15,456
- New Taxes Expense $60,746
- Operating Expense $107,992
- Gross Income $374,808
- Net Operating Income $266,218
Additional Features
- 7 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $56,840 | $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 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/06/2026 05/06/26 | Price Changed | $5,300,000 | -1.9% | $721 / Sq Ft | |
| 04/06/2026 04/06/26 | For Sale | $5,400,000 | +11.3% | $735 / Sq Ft | |
| 08/02/2023 08/02/23 | Sold | $4,850,000 | -9.3% | $660 / Sq Ft | View Prior Sale |
| 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)
MLS Number: SB26071305
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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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