About 1701 Artesia Blvd
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.
Features of 1701 Artesia Blvd
| MLS® # | SB24139169MR |
|---|---|
| Price | $20,000,000 |
| Units | 12 |
| Bedrooms | 16 |
| Bathrooms | 19.00 |
| Square Footage | 12,753 |
| Acres | 0.31 |
| Year Built | 2025 |
| Type | Residential Income |
| Sub-Type | Townhouse |
| Status | Active |
Community Information
| Address | 1701 Artesia Blvd |
|---|---|
| Area | Manhattan Beach Mira Costa |
| City | MANHATTAN BEACH |
| County | Los Angeles |
| State | CA |
| Zip Code | 90266 |
Amenities
| Parking Spaces | 22 |
|---|---|
| # of Garages | 22 |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Cooling | Central |
|---|---|
| Fireplace | No |
| # of Stories | 3 |
| Has Basement | No |
Additional Information
| Date Listed | July 8th, 2024 |
|---|---|
| Days on Market | 90 |
| Zoning | MNCL |
| Foreclosure | No |
| RE / Bank Owned | No |
| Net Operating Income | $553,613 |
Unit 1 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
Unit 2 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
Unit 3 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
Unit 4 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
Unit 5 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
Unit 6 Details
| Beds | 1 |
|---|---|
| Baths | 2.00 |
Unit 7 Details
| Beds | 1 |
|---|---|
| Baths | 2.00 |
Unit 8 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
Unit 9 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
Unit 10 Details
| Baths | 1.00 |
|---|
Listing Details
| Agent | Jeremiah Carew (01374136) |
|---|---|
| Office | 3 Leaf Realty Inc |