Active
1701 Artesia BLVD
MANHATTAN BEACH CA, 90266
$20,000,000
$1,568.26 per sqft
Active
16 Beds
19 Baths
12,753 sqft
Town House
Built in 2025
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.
SB24139169MR
MLSⓇ ID
July 8, 2024
Listed
August 23, 2024
Updated
Map
1701 Artesia BLVD
MANHATTAN BEACH CA, 90266
Interior Features
Total Stories
3
Bedrooms
16
Total Bathrooms
19
Laundry Description
Inside
Fireplace
No
Cooling
Yes
Cooling Description
Central
Heating
No
Exterior/Building Features
Lot Size
0.31 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Manhattan Beach Mira Costa
Days on Market
8
Garage
Yes
Garage Spaces
22
Parking Total
22
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
MNCL
Listed by Jeremiah Carew with 3 Leaf Realty Inc
Listing Contact: 310-546-6300
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor The Suarez Team | CA DRE# 01433992 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 8/23/2024