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.
Property Details for 1701 Artesia Boulevard
Listing Details
- Listing Advertised By
- Dave Fratello, Edge(310) 243-6299|
|
- Listing Presented By
- Jeremiah Carew
- Listing Brokered By
- 3 Leaf Realty Inc
- Type
- Residential Income, Townhouse
- Year Built
- 2025 (Builder)
- MLS Area
- 147 - Manhattan Bch Mira Costa
Price and MLS Information
- Status
- Active | Listing History
- MLS Days on Mkt.
- 7 DOM
- Combined DOM*
- 7
- First Date Active
- July 8th, 2024
- Current Price
- $20,000,000
- Orig. List Price
- $20,000,000
- MLS® #
- SB24139169
- APN
- 4163008023
- Special
- Standard
Home Interior Information
- Levels/Stories
- Three Or More
- Cooling
- Central Air
- Int. Features
- Balcony, High Ceilings, Elevator
Room Information
- Laundry
- Inside
Exterior Information
- Lot Size (sq. ft.)
- 13,409
- Lot Size (acres)
- 0.31
- Pool
- None
- Parking Spaces
- 22
- Garage Spaces
- 22
Utilities Information
- Water Source
- Public
Additional Information
- Zoning
- MNCL
* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.
Neighborhood Information
- MLS Area
- 147 - Manhattan Bch Mira Costa
- City/State
- Manhattan Beach
- Zip Code
- 90266
- County
- Los Angeles
- # of Units
- 12
Listing/Price History
1701 Artesia Boulevard, Manhattan Beach, (MLS® #SB24139169)
| Date | Details | Price | Change |
|---|---|---|---|
| First Day Active | $20,000,000 | – |
Listing Summary
Quick Summary of 1701 Artesia Boulevard: This home in Manhattan Beach is priced at $20,000,000 . The Townhouse residence was originally built in 2025 and was listed on July 8th, 2024 at $20,000,000, showing 7 Days on Market currently. Contact Dave Fratello today for more information or to go see 1701 Artesia Boulevard.
Based on information from California Regional Multiple Listing Service, Inc. as of July 15th, 2024 at 7:10pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
