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CBRE
Just Listed...
21 units on 1/2 an acre.
Manhattan Beach
The Villa Nova....one of 90266's largest apartment buildings.
Offering
Memorandum
1601 Artesia Blvd.
Manhattan Beach
The deal...
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. 
 
FIRST TIME ON MARKET IN DECADES.
MASSIVE 80% RENT UPSIDE.
HIGHLY VISIBLE LOCATION.
TREMENDOUS DEVELOPMENT POTENTIAL.
*please do not go on-site, drive by only

EXCLUSIVELY LISTED AT $10,999,999.
For more information, please contact:
Brice W. Head, MBA
Senior Vice President
CBRE | Capital Markets
+1 310 344 8218
brice.head@cbre.com
Lic. 01330706
CBRE
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