Sold

1601 Artesia Boulevard

Manhattan Beach CA, 90266

$10,999,999


$705.67 per sqft

Sold

22 Baths

15,588 sqft

Residential

Built in 1961

Listed by Brice Head with CBRE, Inc. 310-363-4900

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.

23270747

MLS ID

May 16, 2023

Listed

February 16, 2024

Updated

Map

1601 Artesia Boulevard
Manhattan Beach CA, 90266

Interior Features

Total Stories

2


Bathrooms

22 Baths


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.49 Acres

Other Property Details

Area Name

147 - Manhattan Bch Mira Costa


Days on Market

120


Garage

No


Parking

Covered


Parking Total

21


View

No


County

Los Angeles


Pool

No


Zoning

MNRH


Buyer Agency Compensation

1.5%

Listing History

Date

Event

Price

9/27/2023

Price Change

$9,050,000

-18%

9/27/2023

Sold

9/13/2023

Pending

Listing Contact: 310-363-4900 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 4:25 AM UTC

 

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