Sold

1601 Artesia Blvd

Manhattan Beach CA, 90266

$9,050,000


$580.57 per sqft

Sold

22 Baths

15,588 sqft

Residential

Built in 1961

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.

23-270747

MLS ID

May 16, 2023

Listed

May 9, 2024

Updated

Map

1601 Artesia Blvd
Manhattan Beach CA, 90266

Interior Features

Total Stories

2


Total Bathrooms

22


Appliances

Range/Oven


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.49 Acres

Other Property Details

Area Name

Manhattan Beach Mira Costa


Days on Market

120


Garage

No


Parking

Covered Parking


Parking Total

21


View

No


County

Los Angeles


Pool

No


Zoning

MNRH

Listing History

Date

Event

Price

9/25/2023

Price Change

$9,050,000

-18%

9/25/2023

Sold

$9,050,000

9/13/2023

Pending

Listed by Brice Head with CBRE, Inc.
Listing Contact: 310-344-8218 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Mark Gruskin shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 5/9/2024

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