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1601 Artesia Blvd Manhattan Beach, CA 90266
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Key Details
Sold Price $9,050,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 15,588 sqft
Price per Sqft $580
MLS Listing ID 23-270747
Sold Date 09/22/23
Year Built 1961
Lot Size 0.487 Acres
Acres 0.4866
Property Description
A rare, LARGE investment opportunity in irreplaceable "90266" - mere minutes to world famous sand and surf. The twelve 1 Bed units are ideal for the typically young, single renters in The Beach Cities, whereas the eight 2 Bed units and one 3 Bed unit appeal to couples and work-at-home renters. Additionally, the building has newer, dual-pane windows and copious parking with 21 enclosed garage spots - not that common in buildings closer to the sand. Also, this highly-accessible location near Aviation has wider appeal than units near The Strand - an approachable "beach" option for many renters means high occupancy, all the time. A friendly, 'community' vibe is highlighted by comfortable, landscaped common areas with umbrellas, tables and chairs. And walking distance to award-winning Mira Costa High School. High-demand units in an even higher-demand location means capital appreciation is nearly guaranteed, for a savvy Buyer. And on a potentially larger scale, the 21K sq. ft. lot allows for ADU additions and/or ground-up condo or townhome development nearby townhomes on Aviation Way have sold for almost $2,000,000 each.
Location
State CA
County Los Angeles
Area Manhattan Beach Mira Costa
Zoning MNRH
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment Range/Oven
Exterior
Parking Features Covered Parking
Garage Spaces 21.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Kape Property Management, Inc.