Active

1701 Artesia Boulevard

Manhattan Beach CA, 90266

$20,000,000


$1,568.26 per sqft

Active

12,753 sqft

Town House

Built in 2025

Listed by Jeremiah Carew with 3 Leaf Realty Inc 310-546-6300

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.

SB24139169

MLS ID

July 8, 2024

Listed

July 14, 2024

Updated

Map

1701 Artesia Boulevard
Manhattan Beach CA, 90266

Interior Features

Total Stories

3


Interior Features

Balcony, Elevator, High Ceilings


Laundry Description

Inside


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

0.31 Acres


Sewer

Public Sewer

Other Property Details

Area Name

147 - Manhattan Bch Mira Costa


Days on Market

1


Garage

Yes


Garage Spaces

22


Parking Total

22


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

MNCL

Listing Contact: 310-546-6300 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 7/14/2024. 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 7/14/2024 at 7:20 AM UTC

 

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