Manhattan Beach, CA 90266,1601 Artesia BLVD
Manhattan Beach, CA 90266,1601 Artesia BLVD
Manhattan Beach, CA 90266,1601 Artesia BLVD
$9,050,000
Est. payment /mo
$10,999,999
17.7%
Est.Price: ?

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22 Baths
15,588 SqFt
SOLD DATE : 09/22/2023

Key Details

Sold Price $9,050,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 15,588 sqft

Price per Sqft $580

MLS Listing ID 23270747

Sold Date 09/22/23

HOA Y/N No

Year Built 1961

Lot Size 0.487 Acres

Lot Dimensions Assessor

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 147 - Manhattan Bch Mira Costa

Zoning MNRH

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Garage Covered

Parking Type Covered

Total Parking Spaces 21

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4163009027

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Brice Head • CBRE, Inc.
Bought with Benjamin Lester • Kape Property Management, Inc.

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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