1701 Artesia Boulevard, Manhattan Beach, CA 90266

  • $20,000,000
  • $1,568
1701 Artesia Boulevard, Manhattan Beach, CA 90266
  • Residential Income
  • Property Type
  • 22.00
  • Garages
  • 2025
  • Year Built
For Sale
1701 Artesia Boulevard, Manhattan Beach, CA 90266
  • $20,000,000
  • $1,568

Overview

Property ID: SGR-33595051
  • Residential Income
  • Property Type
  • 22.00
  • Garages
  • 2025
  • Year Built

Description

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.

  • Address 1701 Artesia Boulevard
  • City Manhattan Beach
  • State/county CA
  • Zip/Postal Code 90266
  • Area 147 - Manhattan Bch Mira Costa
  • Country United States

Details

Updated on August 26, 2024 at 9:48 am
  • Property ID: SGR-33595051
  • Price: $20,000,000
  • Land Area: 13409.00 m²
  • Garages: 22.00
  • Year Built: 2025
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 12753.00
  • MLS#: SB24139169
  • Office Name: 3 LEAF REALTY INC
  • Agent Name: Jeremiah Carew
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01374136
  • IDX Contact Info: 310-714-1416

Additional details

  • Sewer: Public Sewer
  • Cooling: Central Air
  • County: Los Angeles
  • Property SubType: Townhouse
  • Parking: 22.00
  • Water Source: Public

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