480 Rosecrans Avenue, Manhattan Beach, CA 90266
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
480 Rosecrans Avenue,Manhattan Beach, CA 90266
$5,400,000
- - Beds
- - Baths
- 7,347 sq. ft.
- Multi-family
- Active
Listed by: brett lyon, woody stahl
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:SB26071305
Source:CRMLS
Price summary
- Price:$5,400,000
- Price per sq. ft.:$734.99
About this home
480 Rosecrans Ave offers a rare opportunity to acquire a well-capitalized 7-unit multifamily asset in the highly sought-after Sand Section of Manhattan Beach, one of Southern California’s most supply-constrained and desirable coastal rental markets.
The property features a townhome-style configuration with a highly attractive unit mix of (2) 3-bed/3-bath, (4) 2-bed/2-bath, and (1) 1-bed/1-bath units. Six of the units include private outdoor balconies, enhancing livability and supporting strong tenant demand in this beach-oriented submarket.
Since April 2024, ownership has completed approximately $200,000 in capital improvements, including full plumbing and electrical renovations in Units 1, 2, and 7, new heating systems in Units 1, 2, and 4, and a new AC and heating unit in Unit 7. Additional infrastructure upgrades include a 400 AMP electrical service with underground connection, new subpanels in multiple units and the laundry room, and an upgraded main plumbing line connected to the city, providing long-term operational stability and reducing near-term capital expenditure risk.
Exterior improvements include new patios for Units 1, 2, and 3, further enhancing tenant appeal. In addition, the property features a new 356 square foot storage room that is ready for subdivision into five rentable storage units, offering potential for additional ancillary income.
Complemented by on-site laundry facilities and carport parking for each unit, the property delivers strong in-place cash flow with a 4.85% current CAP rate, while benefiting from exceptional long-term appreciation fundamentals driven by Manhattan Beach’s demographics, limited multifamily supply, and coastal location.
480 Rosecrans Ave represents a compelling opportunity for investors seeking a stabilized, well-improved coastal asset with durable income and meaningful upside in one of Los Angeles’ premier beach communities...
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Home facts
- Year built:1974
- Listing ID #:SB26071305
- Added:4 day(s) ago
- Updated:April 11, 2026 at 10:31 AM
Rooms and interior
- Living area:7,347 sq. ft.
Structure and exterior
- Year built:1974
- Building area:7,347 sq. ft.
- Lot area:0.14 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$5,400,000
- Price per sq. ft.:$734.99
Parking
- Total parking spaces:8
- Parking description:8 Carport Space(s), Carport
- Carport spaces:8
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