Baths22
Sq.Ft.15,588
Year1961
Customer Support
(310) 341-2017
Status:
Sold
Property Type:Residential Income (Multi-Family)
MLS #:23270747
Sq. Feet:15,588
Date Sold:9/22/2023
Lot Size:21,198 Sq. Ft.
County:Los Angeles
Listing Agent/Office
Agent:Brice Head
Office:Cbre, Inc.
A rare, LARGE investment opportunity in irreplaceable "90266" - mere minutes to world famous sand and surf. The twelve 1 Bed units are ideal for the typically young, single renters in The Beach Cities, whereas the eight 2 Bed units and one 3 Bed unit appeal to couples and work-at-home renters. Additionally, the building has newer, dual-pane windows and copious parking with 21 enclosed garage spots - not that common in buildings closer to the sand. Also, this highly-accessible location near Aviation has wider appeal than units near The Strand - an approachable "beach" option for many renters means high occupancy, all the time. A friendly, 'community' vibe is highlighted by comfortable, landscaped common areas with umbrellas, tables and chairs. And walking distance to award-winning Mira Costa High School. High-demand units in an even higher-demand location means capital appreciation is nearly guaranteed, for a savvy Buyer. And on a potentially larger scale, the 21K sq. ft. lot allows for ADU additions and/or ground-up condo or townhome development nearby townhomes on Aviation Way have sold for almost $2,000,000 each.
Detailed Maps
Price Change History
| Date | Old Price | New Price | Percent Change |
| 9/25/2023 | $10,999,999 | $9,050,000 | -17.7% |
Community Information
Address:1601 Artesia Blvd, Manhattan Beach, CA 90266
Area:147 - Manhattan Bch Mira Costa
County:Los Angeles
City:Manhattan Beach
Zip Code:90266
Architecture
Bathrooms:
22
Year Built:1961
Stories:2
Building Area: 15588.0
Number of Buildings: 1
Total Units: 21
Stories Total: 2
Unit 1: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $1,400 actual rent • $1,400 total rent • $2,900 pro forma
Unit 2: 2 Units • 2 Beds • 1 Bath • Unfurnished • $2,000 actual rent • $4,000 total rent • $5,800 pro forma
Unit 3: 5 Units • 1 Bed • 1 Bath • Unfurnished • $1,250 actual rent • $6,250 total rent • $13,000 pro forma
Unit 4: 3 Units • 1 Bed • 1 Bath • Unfurnished • $1,500 actual rent • $4,500 total rent • $7,800 pro forma
Unit 5: 4 Units • 1 Bed • 1 Bath • Unfurnished • $1,400 actual rent • $5,600 total rent • $10,400 pro forma
Unit 6: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $500 actual rent • $500 total rent • $2,600 pro forma
Unit 7: 3 Units • 2 Beds • 1 Bath • Unfurnished • $1,800 actual rent • $5,400 total rent • $8,700 pro forma
Unit 8: 1 Unit • 3 Beds • 2 Baths • Unfurnished • $2,500 actual rent • $2,500 total rent • $3,500 pro forma
Unit 9: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $1,600 actual rent • $1,600 total rent • $2,900 pro forma
Features / Amenities
Parking Features: Covered
Parking Total: 21.0
Heating: Wall Furnace
Property Features
Lot Size:
0.49 Acres / 21,198 Sq. Ft.
Lot Dimensions:173x135
Zoning:MNRH
Directions:From Aviation, head west on to Artesia Blvd. Building on right side
Tax and Financial Info
Gross Income: $381,000
Net Operating Income: $173,469
Schools
Similar Listings
Similar Recently Sold
Based on information from California Regional Multiple Listing Service, Inc. as of September 28, 2023. 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. IDX provided by Sierra Interactive.
Property Summary:
Home for sale at 1601 Artesia Blvd Manhattan Beach, CA 90266.
Description: The property at 1601 Artesia Blvd Manhattan Beach, CA 90266 in the subdivision with the MLS# 23270747 is currently listed for $9,050,000 and has been on the market for 135 days.
Description: The property at 1601 Artesia Blvd Manhattan Beach, CA 90266 in the subdivision with the MLS# 23270747 is currently listed for $9,050,000 and has been on the market for 135 days.
GeoCoordinates:
33.873106
-118.384769
-118.384769
Listing Price:
$9,050,000
You are viewing the CRMLS listing details of the home for sale at 1601 Artesia Blvd Manhattan Beach, CA 90266, which features 0 bedrooms and 22 bathrooms, and 15588 sq.ft. of living area.