Manhattan Beach, CA 90266,1601 Artesia Blvd
Manhattan Beach, CA 90266,1601 Artesia Blvd
Manhattan Beach, CA 90266,1601 Artesia Blvd
15
$9,050,000
$10,999,999
17.7%
Est.Price: ?

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22 BA
15,588 SqFt

1601 Artesia Blvd Manhattan Beach, CA 90266

Est. payment /mo
SOLD DATE : 09/22/2023

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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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TheMLS (CLAW)
Listed by CBRE, Inc.
Bought with Kape Property Management, Inc.

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Herman Singh

Broker

+1(310) 625-6175

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