Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    1701 Artesia Boulevard, Manhattan Beach, CA 90266
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    1701 Artesia Boulevard
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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
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      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.
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    Features
    Building Area Total
    1. 12753.00
    Commoninterest
    1. Condominium
    Common Walls
    1. 2+ Common Walls
    Cooling
    1. Central Air
    Country
    1. US
    Days On Market
    1. 90
    Electric Expense
    1. 0.00
    Fuel Expense
    1. 0.00
    Garage Spaces
    1. 22.00
    Insurance Expense
    1. 0.00
    Interior Features
    1. Balcony
    2. Elevator
    3. High Ceilings
    Laundry Features
    1. Inside
    Levels
    1. Three Or More
    Lockboxtype
    1. None
    Netoperatingincome
    1. 553613.00
    Number Of Separate Electric Meters
    1. 12
    Number Of Separate Gas Meters
    1. 12
    Parcel Number
    1. 4163008023
    Pool Features
    1. None
    Postalcodeplus4
    1. 7103
    Professionalmanagementexpense
    1. 0.00
    Property Type
    1. Townhouse
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 418465781:CRM
    Taxblock
    1. 108
    Totalexpenses
    1. 0.00
    Trash Expense
    1. 0.00
    Views
    1. 19
    Water Sewer Expense
    1. 0.00
    Water Source
    1. Public
    Year Built
    1. 2025
    Year Built Source
    1. Builder
    Zoning
    1. MNCL
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836