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1701 Artesia Boulevard
Manhattan Beach, CA 90266
Residential Multi Family (Townhouse)
0.31 Acres
12753 Sqft Living Area
16 Bedrooms
19 Bathrooms (16 Full, 3 Half)
Year Built: 2025
$20,000,000
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Property 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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Contact Details
Name: Jeremiah Carew
Email: Jerry@3LeafRealty.com
MLS Listing Id: SB24139169
Agent Phone: (310) 714-1416
List Agent License: 01374136
Office Name: 3 Leaf Realty Inc
Office Phone: (310) 546-6300
Office MLS Id: S9938
Listing Status: Active
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