Active

1701 Artesia BLVD

MANHATTAN BEACH CA, 90266

$20,000,000


$1,568.26 per sqft

Active

16 Beds

19 Baths

12,753 sqft

Town House

Built in 2025

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.

SB24139169MR

MLS ID

July 8, 2024

Listed

August 23, 2024

Updated

Map

1701 Artesia BLVD
MANHATTAN BEACH CA, 90266

Interior Features

Total Stories

3


Bedrooms

16


Total Bathrooms

19


Laundry Description

Inside


Fireplace

No


Cooling

Yes


Cooling Description

Central


Heating

No

Exterior/Building Features

Lot Size

0.31 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Manhattan Beach Mira Costa


Days on Market

8


Garage

Yes


Garage Spaces

22


Parking Total

22


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

MNCL

Listed by Jeremiah Carew with 3 Leaf Realty Inc
Listing Contact: 310-546-6300 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor The Di Prizito Group, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 8/23/2024

Powered byLuxury Presence