480 Rosecrans Avenue, Manhattan Beach, CA 90266
Local realty services provided by:CENTURY 21 Affiliated
480 Rosecrans Avenue,Manhattan Beach, CA 90266
$5,300,000
- 10 Beds
- 10 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: brett lyon, woody stahl
Office: lyon stahl investment real estate, inc.
MLS#:SB26071305
Source:San Diego MLS via CRMLS
Price summary
- Price:$5,300,000
About this home
480 Rosecrans Ave offers a rare opportunity to acquire a 7-unit multifamily asset in the highly sought-after Sand Section of Manhattan Beach featuring a strong 5.03% current CAP rate in one of Southern Californias most supply-constrained coastal rental markets The property features a townhome-style configuration with a highly attractive unit mix of (2) 3-bed/3-bath, (4) 2-bed/2-bath, and (1) 1-bed/1-bath units. Six of the units include private outdoor balconies, enhancing livability and supporting strong tenant demand in this beach-oriented submarket. Since April 2024, ownership has completed approximately $200,000 in capital improvements, including full plumbing and electrical renovations in Units 1, 2, and 7, new heating systems in Units 1, 2, and 4, and a new AC and heating unit in Unit 7. Additional infrastructure upgrades include a 400 AMP electrical service with underground connection, new subpanels in multiple units and the laundry room, and an upgraded main plumbing line connected to the city, providing long-term operational stability and reducing near-term capital expenditure risk. Exterior improvements include new patios for Units 1, 2, and 3, further enhancing tenant appeal. In addition, the property features a new 356 square foot storage room that is ready for subdivision into five rentable storage units, offering potential for additional ancillary income. Complemented by on-site laundry facilities and carport parking for each unit, the property delivers strong in-place cash flow with a 5.03% current CAP rate, while benefiting from exceptional long-term apprecia...
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Home facts
- Listing ID #:SB26071305
- Added:53 day(s) ago
- Updated:May 30, 2026 at 02:07 PM
Rooms and interior
- Bedrooms:10
- Total bathrooms:10
Structure and exterior
- Levels:3 Story
Finances and disclosures
- Price:$5,300,000
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