1701 Artesia Boulevard
Manhattan Beach, CA 90266
- – beds
- – baths
- – sqft
- 13,409 sqft lot
- – on site
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.
Listed By CRMLS_CA / Jeremiah Carew / 3 Leaf Realty Inc / 310-714-1416
Last checked:
Checking…
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Last updated Jul 9, 2024
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MLS# SB24139169 —
The Building
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Year Built:2025
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Year Built Source:Builder
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New Construction:Yes
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Entry Level:1
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Common Walls:2+ Common Walls
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Building Area Total:12753.00
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Building Area Units:Square Feet
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# of Buildings:1
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Total Number Of Units:12
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Stories Total:3
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# of Separate Gas Meters:12
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# of Separate Water Meters:1
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# of Separate Electric Meters:12
Interior
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Features:Balcony, Elevator, High Ceilings
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Levels:Three Or More
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Entry Location:1
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Laundry:Inside
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Laundry:1
Financial & Terms
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Disclosures:CC And R's, Homeowners Association
Location
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Directions:Aviation Blvd. to West on Artesia Blvd.
The Property
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Property Type:Residential Income
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Subtype:Townhouse
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Zoning:MNCL
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Lot Size Area:13409.0000
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Lot Size Acres:0.3078
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Lot Size SqFt:13409.00
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Lot Size Source:Estimated
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:108
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Tax Census Tract:6208.01
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Tax Tract:B
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Tax Lot:22
The Listing
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Buyer's Brokerage Compensation:2.500%
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Special Listing Conditions:Standard
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Buyer's Brokerage Compensation:$2.50
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Parcel Number:4163008023
Heating & Cooling
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Cooling:Yes
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Cooling:Central Air
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Features:Curbs, Sidewalks
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Pool:None
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Private Pool:No
Parking
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Parking Spaces:22.00
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Garage Spaces:22.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/8/24
Jul 8, 2024
|
Listed / Active | CRMLS_CA | $20,000,000 | 2062.2% (243.6% / YR) |
1/21/16
Jan 21, 2016
|
CRMLS_CA | $925,000 |