1701 Artesia Boulevard, Manhattan Beach, CA 90266
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- MLS#: SB24139169 ( Townhouse )
- Street Address: 1701 Artesia Boulevard
- Viewed: 19
- Price: $20,000,000
- Price sqft: $0
- Waterfront: No
- Year Built: 2025
- Bldg sqft: 0
- Days On Market: 167
- Additional Information
- County: LOS ANGELES
- City: Manhattan Beach
- Zipcode: 90266
- Provided by: 3 Leaf Realty Inc
- Contact: Jeremiah Jeremiah
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DescriptionGreat 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.
Property Location and Similar Properties
Features
Building Area Total
- 12753.00
Commoninterest
- Condominium
Common Walls
- 2+ Common Walls
Cooling
- Central Air
Country
- US
Days On Market
- 90
Electric Expense
- 0.00
Fuel Expense
- 0.00
Garage Spaces
- 22.00
Insurance Expense
- 0.00
Interior Features
- Balcony
- Elevator
- High Ceilings
Laundry Features
- Inside
Levels
- Three Or More
Lockboxtype
- None
Netoperatingincome
- 553613.00
Number Of Separate Electric Meters
- 12
Number Of Separate Gas Meters
- 12
Parcel Number
- 4163008023
Pool Features
- None
Postalcodeplus4
- 7103
Professionalmanagementexpense
- 0.00
Property Type
- Townhouse
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 418465781:CRM
Taxblock
- 108
Totalexpenses
- 0.00
Trash Expense
- 0.00
Views
- 19
Water Sewer Expense
- 0.00
Water Source
- Public
Year Built
- 2025
Year Built Source
- Builder
Zoning
- MNCL