472 Rosecrans Avenue, Manhattan Beach, California 90266, Manhattan Beach, 90266 - 6 bed, 6 bath
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Manhattan Beach, California 90266
This Income-Generating Luxury Property is a Strong Value Opportunity, listed at $3,850,000—positioned well below the $4,364,931 Fair Market Value by 11%. This valuation gap offers $514,931 in Instant Equity. Featuring an Excellent Condition Rating after a full architectural reimagining, the home includes a rooftop ocean-view deck and 12 parking spaces. Located near top-rated schools like Grand View Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-end lifestyle with significant rental income potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 472 Rosecrans Avenue Subject | $3,850,000* List Price | 6 | 6 | 2,663 | $1,639 | - |
A 2108 Grandview Avenue Sold | $3,500,000 | 4 | 3 | 2,333 | $1,500 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property was taken to the studs and completely reimagined by Michael Lee Architects. It features a brand-new gourmet kitchen, fully renovated luxury bathrooms, and modern systems including owned solar and EV charging. The high-end finishes and turn-key condition meet the criteria for a recent top-tier renovation.
Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
This unique property offers a high-end penthouse lifestyle while three additional fully renovated, cash-flowing units provide significant rental income to offset mortgage costs and ownership expenses.
With 4 private garages and 8 additional parking spaces, the property provides a total of 12 spots, an incredibly rare and highly coveted feature in the high-density Manhattan Beach Sand Section.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2882, living area = 2663.
Despite the luxury penthouse, the multi-unit nature of the building may result in less privacy and more noise compared to a traditional detached single-family residence.
With 2,663 total square feet distributed across four separate units, the individual living spaces and bedrooms are relatively compact for the luxury price point.
MB Modern Renovated Luxury Triplex w/ Incredible Owners Unit! Live in a stunning ocean view penthouse rivaling the finest Sand Section townhomes and let the units below pay your mortgage. This is the rare opportunity to own an architecturally reimagined, turn-key boutique building in prime North Manhattan Beach, with the lifestyle of a luxury home and the financial upside of income property. The owners penthouse spans three levels and exudes warm, organic-modern luxury: soaring ceilings, skylights, hardwood floors, and a brand-new open gourmet kitchen with island. Two spacious en-suite bedrooms, an office loft, three fireplaces, and three smart TVs with Sonos. Two private outdoor spaces including a rooftop ocean view deck with outdoor kitchen deliver seamless indoor-outdoor living at its best. Previously home to professional athletes and notable celebrities. The three additional fully renovated luxury units are equally appointed with designer kitchens, custom closets, hardwood floors, Sonos, and private laundry fully occupied and cash-flowing today. Rent them all short or long term to offset your ownership costs, or retain one or more as private attached guest home(s) for family and friends. The flexibility is unmatched. Building currently generating $19,663 monthly on long term rents, generates $158,568 net operating income offering a new investor a 4.12% cap rate. This property is in MB Coastal Zone where lucrative short term rentals allowed. 4 private modern garages w/ epoxy floors, additional storage, EV charging + 8 additional coveted parking spaces unheard of this close to the beach. Owned solar system. Gated entry. Taken to studs and reimagined by renowned Michael Lee Architects with no expense spared. Walk to the beach, trendy restaurants, cafes, yoga studios, and the boutiques that define the Manhattan Beach lifestyle. This is not a compromise to a traditional one unit SFR or townhome purchase, it's the upgrade to financial freedom! RETIRE EARLY! Modern design, incredible parking, ocean views, in coastal zone where you can pursue short term rentals. Truly rare! Hurry to realize this opportunity! Your future self will thank you!
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.7 mi
Grades K-3 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 90% |
| Baths | 6.0 | 4.0 | 79% |
| Square foot | 2,663 | 2,804 | 48% |
| Lot Size | 2,882 | 4,883 | 17% |
| Price | $3.85M | $3.80M | 51% |
| Price per sq ft | $1.4K | $1.5K | 47% |
| Built year | 1966 | 1985 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 121 | 5% |
May 18, 2026
$3,850,000
Initial Listing
Nov 25, 2019
$3,500,000
Public Record
May 6, 2015
$1,800,000
Public Record
Jun 29, 2005
$559,000
Public Record