220 Rosecrans Ave & 221 36th Pl, Manhattan Beach, CA 90266

220 Rosecrans Ave & 221 36th Pl, Manhattan Beach, CA 90266

Manhattan Beach, CA
$3,300,000

Property Description

220 Rosecrans Ave and 221 36th PL are two back-to-back ocean view duplexes in the sand section of North Manhattan Beach. Built in 1967, the 1,392 SF buildings sit on (2) 30’ x 45’ sand-section lots, and each features (1) 2-bed/2-bath unit, (1) 1-bed/1-bath unit and (1) 2-car garage. Located seven (7) parcels from The Strand, these duplexes are a short distance to the beach as well as restaurants and retail of North Manhattan Beach. Given the ideal sand-section location and upside market rent potential (70% increase in GSI), these properties are a great owner-user opportunity or viable value-add opportunity for any Beach Cities investor (APNs for each property are 4175-025-025 & 4175-025-026).

Property Features

  • Sale Price: $3,300,000
  • Area Size: 2,784 SF
  • Land Area: 2,707 SF
  • Year Built: 1967
  • Listing Date: February 1, 2021
  • Closing Date: March 14, 2022
  • Units: 4
  • Current GRM: 29.28
  • Current Cap Rate: 1.84%
  • Market GRM: 20.85
  • Market Cap Rate: 3.32%

Lyon Stahl Investment Real Estate

Keep In Touch