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Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$3,850,000

Est. payment - /mo

6 Beds

6 Baths

2,663 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,663 sqft

Price per Sqft $1,445

MLS Listing ID 26830069

Bedrooms 6

HOA Y/N No

Year Built 1966

Lot Size 2,883 Sqft

Property Description

Turn Key Ocean View Modern Trophy Building in the prime Sand Section of Manhattan Beach! Generating $19,663 monthly, NOI of $158,6568, Cap Rate of 4.12%. Some upside in long term rents possible and this building lies within the MB Coastal Zone where lucrative short term rentals are legal. Walking to the beach, and the best restaurants, cafes, yoga studios, and trendy boutiques North MB has to offer. Taken down to studs, re-imagined by renowned Michael Lee Architects, extensively renovated inside and out. Exquisite attention to detail, pride of ownership w/ no money spared procuring designer luxury modern fixtures and finishes throughout. "Owners Penthouse" has rented to professional athletes and noteworthy celebs. Live in the owners unit, have other units pay your mortgage or rent them all and enjoy incredible cash flow! All luxury apartments appointed w/ brand new modern open kitchens w/ islands, custom closets, hardwood floors, recessed LED lighting, flat screen TVs and Sonos. Step into lucrative fully occupied rentals cash flowing immediately! Solar system owned. All units have private laundry. 4 modern private garages with storage and EV charging stations. 8 additional coveted parking spaces! MB income properties this turn key with modern designer finishes, incredible parking, and an ocean view owners penthouse unit rivaling most Sand Section townhomes are a truly rare find! Possible value add addition. Inquire for current rent roll and building financials.

Location

State CA

County Los Angeles

Area 142 - Manhattan Bch Sand

Zoning MNRH

Interior

Interior Features Ceiling Fan(s)

Heating Fireplace(s)

Cooling None

Flooring Wood

Fireplace No

Appliance Barbecue, Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Laundry In Garage, Laundry Room

Exterior

Parking Features Carport, Door-Single, Driveway, Garage

Garage Spaces 4.0

Garage Description 4.0

View Y/N Yes

View Ocean, Peek-A-Boo

Total Parking Spaces 10

Building

Faces North

Story 3

Entry Level Multi/Split

Architectural Style Modern

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4175006020

Special Listing Condition Standard

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Listed by Mitch Hagerman Vista Sotheby's International Realty #01897438

Nearby School & Business

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Jessica Panzica

+1(714) 313-8193

Agent | License ID: 01854556

Agent License ID: 01854556

472 Rosecrans AVE Manhattan Beach, CA 90266

Jessica Panzica

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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