Boyd E. Jeffery
Boyd The Broker Real Estate
(424) 552-3986
20 Total Sales
1 in Manhattan Beach
$1,595,000 Price
480 Rosecrans Ave Manhattan Beach, CA 90266
Manhattan Beach Area
15
Beds
15
Baths
7,347
Sq Ft
5,888
Sq Ft Lot
Highlights
- Bike Trail
- Grand View Elementary School Rated A
- Laundry Facilities
About This Home
As of August 2026480 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 5.05% 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 5.05% 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.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 3107801899 License #01717818 Listed on: 04/06/2026
Co-Listed By
Lyon Stahl Investment Real Est Brokerage Phone: 3107801899 License #01399621
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
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
Bedrooms and Bathrooms
- 15 Bedrooms
- 15 Full 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 $9,918
- Maintenance Expense $11,592
- Other Expense $14,500
- Professional Management Expense $15,456
- New Taxes Expense $59,637
- Operating Expense $112,304
- Gross Income $386,400
- Net Operating Income $262,504
Additional Features
- 7 Units
- Laundry Facilities
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 20, 2022
Sold by
Newmann Joseph Alan
Bought by
Purchase Details
Closed on
Jan 25, 2012
Sold by
M S Smith Family Properties Lp
Bought by
Newmann Joe and Newmann Roxane
Purchase Details
Closed on
Jan 6, 2012
Sold by
M S Smith Family Properties Lp
Bought by
Newmann Joseph and Newmann Roxane
Purchase Details
Closed on
Jun 3, 2010
Sold by
Samford Homes Inc
Bought by
M S Smith Family Properties Lp
Purchase Details
Closed on
Apr 30, 2010
Sold by
Keith James Long
Bought by
Samford Homes Inc
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Manhattan Beach, CA
-
Boyd E. Jeffery
-
Mercedes Van Pelt
Mercedes Van Pelt
Compass
(323) 310-3789
59 Total Sales
1 in Manhattan Beach
$2,612,000 Price
-
Jane Angel
Jane Angel
Coldwell Banker Realty
(562) 303-5335
20 Total Sales
1 in Manhattan Beach
$1,675,000 Price
-
Awtar Thiara
Awtar Thiara
West Shores Realty, Inc.
(424) 379-3928
8 Total Sales
2 in Manhattan Beach
$1.6M - $11.5M Price Range
-
Candice Carpenter
Candice Carpenter
Coastal Elite Properties
(424) 284-7552
18 Total Sales
2 in Manhattan Beach
$3.4M - $4.8M Price Range
-
Khanh Oberley
Khanh Oberley
Douglas Elliman of CA, Inc.
(424) 407-8581
43 Total Sales
1 in Manhattan Beach
$2,084,000 Price
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Administrators Deed | -- | -- | |
| Warranty Deed | -- | Capital Title Of Texas Llc | |
| Warranty Deed | -- | South Land Title Llc | |
| Warranty Deed | -- | South Land Title Llc | |
| Warranty Deed | -- | South Land Title Llc |
Source: Public Records
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 |
|---|---|---|---|---|---|
| 08/21/2026 08/21/26 | Sold | $5,000,000 | -3.8% | $681 / Sq Ft | |
| 07/08/2026 07/08/26 | Pending | -- | -- | -- | |
| 06/25/2026 06/25/26 | Price Changed | $5,200,000 | -1.9% | $708 / Sq Ft | |
| 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)
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 |
|---|---|---|---|---|
| 2026 | $6,584 | $536,880 | $136,960 | $399,920 |
| 2025 | $7,153 | $488,950 | $136,960 | $351,990 |
| 2024 | $7,153 | $527,530 | $55,000 | $472,530 |
| 2023 | $7,153 | $499,060 | $55,000 | $444,060 |
| 2022 | $7,521 | $466,740 | $55,000 | $411,740 |
| 2021 | $6,219 | $356,470 | $55,000 | $301,470 |
| 2020 | $6,235 | $335,940 | $55,000 | $280,940 |
| 2019 | $6,524 | $335,280 | $55,000 | $280,280 |
| 2018 | $6,562 | $335,280 | $55,000 | $280,280 |
| 2017 | $6,559 | $335,280 | $55,000 | $280,280 |
| 2016 | $6,057 | $309,630 | $55,000 | $254,630 |
| 2015 | $5,862 | $295,220 | $55,000 | $240,220 |
| 2014 | $5,159 | $255,190 | $55,000 | $200,190 |
Source: Public Records
Agents Affiliated with this Home
-
Brett Lyon
Seller's Agent in 2026
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
(310) 780-1899
131 Total Sales
-
Woody Stahl
Seller Co-Listing Agent in 2026
Woody Stahl
Lyon Stahl Investment Real Est
(310) 710-3829
141 Total Sales
-
David Poncia
DP
Buyer's Agent in 2026
David Poncia
Vista Sotheby’s International Realty
(310) 497-8020
31 Total Sales
-
CH
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
64 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26071305
APN: 3200-0000-0429-000
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
Nearby Homes
- 866 Townsend Dr
- 873 Townsend Dr
- 882 Gulfview Dr
- 1326 Sunrise
- 775 Townsend Dr
- 1327 Emerald Dr
- 1255 Cloon St
- 945 Gulfview Dr
- 2627 Holiday Dr
- 862 Holiday Dr
- 1335 Emerald Dr
- 942 Surfview
- 1343 Sunrise
- 865 Palmetto Dr
- 1326 Emerald
- 1326 Emerald Dr
- 877 Palmetto Dr
- 956 Townsend Dr
- 854 Palmetto Dr
- 876 Palmetto Dr
Your Personal Tour Guide
Ask me questions while you tour the home.