320 Rosecrans Ave, Manhattan Beach, CA 90266

320 Rosecrans Ave, Manhattan Beach, CA 90266

Manhattan Beach, CA
$1,850,000

Property Description

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 back 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 upside in market rent potential (40% increase in GSI), this property is an amazing investment opportunity!

 

• North Manhattan Beach Sand-Section Duplex on a Full-Sized Lot
• Front House – 3-Bed/2.5-Bath & Back Unit – 2-Bed/1-Bath
• Alley Access to the 2-Car Garage in Rear
• Separately Metered Gas & Electric
• Potential Multifamily/SFR Development Opportunity (Buyer to Verify)
• Incredible Ocean Views | Only a Short Walk to the Beach, Restaurants & Shops

Property Features

  • Sale Price: $1,850,000
  • Area Size: 2000 SF
  • Land Area: 2705 SF
  • Year Built: 1962
  • Listing Date: 4/22/2020
  • Closing Date: 10/02/2020
  • Units: 2
  • Current GRM: 22.18
  • Price Per Unit: $925,000
  • Market GRM: 15.73
  • Market Cap Rate: 4.46%

Lyon Stahl Investment Real Estate

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