320 Rosecrans Ave, Manhattan Beach, CA 90266

320 Rosecrans Ave, Manhattan Beach, CA 90266

Manhattan Beach, CA

Property Description

320 Rosecrans Ave, Manhattan Beach, CA 90266 — Duplex | $1,850,000
<li>Lowest Prices 30′ x 90′ Lot for Sale in All of The MB Sand Section</li>
<li>North Manhattan Beach Sand-Section Duplex on Full-Sized Lot</li>
<li>Front House – 3-bed/2.5-bath &amp; Back Unit – 2-bed/1-bath</li>
<li>Alley Access to the 2-car Garage in Rear</li>
<li>Separately Metered Gas and Electric</li>
<li>Potential Multifamily/SFR Development Opportunity (Buyer to Verify)</li>
<li>Incredible Ocean Views | Only a Short Walk to the Beach, Restaurants &amp; Shops</li>
Lyon Stahl is pleased to present 320 Rosecrans Ave in Manhattan Beach. This ocean view property, located in the heart of North Manhattan Beach, features a front 3-bed/2.5 bath house and a 2-bed/1-bath unit. The 2,000 SF building sits on a full-sized sand-section lot with back alley access to the two-car garage. The front house was remodeled several years ago and features two private patios and a spacious rear yard. The rear 2-bed/1-bath unit boasts a private patio as well with beautiful ocean views. Given the great sand-section Manhattan Beach location and the upside in market rent potential (40% increase in GSI), this property is an amazing investment opportunity.

Property Features

  • Sale Price: $1,800,000
  • Area Size: 2000 SF
  • Land Area: 2705 SF
  • Year Built: 1962
  • Listing Date: 3/30/2020
  • Closing Date: 10/02/2020
  • Units: 2
  • Current GRM: 22.18
  • Current Cap Rate: 2.82%
  • Price Per Unit: $925,000
  • Market GRM: 15.73
  • Market Cap Rate: 4.58%

Lyon Stahl Investment Real Estate

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