Listed by Brice Head with CBRE, Inc.

1601 Artesia Boulevard

Manhattan Beach, CA, 90266

$10,999,999

$705 per ft²
$10,999,999
$705 per ft²
Active
Active
 - For Sale
baths
22 Baths
carpenters-square
15,588 ft²
property_type
Multi-family
calendar
Built 1961
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.
MLS® ID:
23270747
Listed:
5/15/23
Updated:
5/29/23
The Hobin Company - Bayside Real Estate
Mobile: (310) 318-1212Email: molly@thehobincompany.com

Interior Features

Total Bedrooms
0
Total Bathrooms
22
Cooling
None
Heating
Wall Furnace

Exterior/Building Features

Lot Size
0.49 acres lot

Other Property Details

Area Name
147 - Manhattan Bch Mira Costa
Garage
No
Parking
Covered
Parking Total
21.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
MNRH
Buyer Agency Compensation
1.500

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/29/23. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/29/23 at 7:26 PM UTC

The Hobin Company - Bayside Real Estate
Mobile: (310) 318-1212Email: molly@thehobincompany.com
Contact