1701 Artesia Boulevard, Manhattan Beach
Manhattan Beach Home For Sale
Great rental opportunity in prestigious Manhattan Beach. Comprising twelve thoughtfully designed residential units, including ten 2-bedroom/2-bathroom and two 1-bedroom/1.5-bathroom configurations, each crafted as single-level condos, this property epitomizes contemporary luxury living. Impeccable attention to detail and modern design elements create an atmosphere of refined elegance throughout, appealing to discerning tenants and homeowners alike. Enhancing the property's allure is a commercial unit, offering potential for additional revenue streams or an opportunity to establish a thriving business in a highly desirable location. Investors will be particularly drawn to the promise of lucrative rental income and the flexibility afforded by the ability to sell units individually. This feature not only maximizes potential returns but also offers a hedge against market fluctuations, making it an ideal investment for long-term wealth accumulation. This multi-unit property presents a compelling business proposition, combining luxury living, strategic location, and promising revenue potential. Proforma gross annual income $832,500. Proforma cap rate of 3%. Anticipated completion October 2025.
Property Details
Additional Information
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- City:
- Manhattan Beach
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- County:
- Los Angeles
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- Zip:
- 90266
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- MLS® #:
- SB24139169
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- Bedrooms:
- 16
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- Bathrooms:
- 19
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- Lot Size:
- 0.31
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- Levels:
- Three Or More
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- Garages:
- 22
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of August 1st, 2024 at 2:31pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.