472 Rosecrans Avenue, Manhattan Beach, California 90266

$3,850,000

Bedrooms

6

Bathrooms

6

Square Feet

2,663 sqft

City

Manhattan Beach

Status

Active

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!