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Listed by Ashley Anderson, DRE #01934610 • eXp Realty of California Inc
$ 4,995,000
Est. payment /mo
Active
123 28th ST Manhattan Beach, CA 90266
2,704 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26224071
Style Craftsman,Custom,Traditional,Cape Cod
Year Built 1937
Lot Size 2,704 Sqft
Source California Regional MLS
Property Description
***OFFER DEADLINE: Sunday Nov 1, 2026 at 10:00 AM*** BUILT BY ONE FAMILY. HELD FOR GENERATIONS. READY FOR ITS NEXT CHAPTER. One block from the sand! Opportunities like this don't come in waves. This one took nearly 90 years to wash ashore. Built in 1937 and held by one family ever since (per seller), this seven-unit building sits one block from The Strand in the Sand Section of Manhattan Beach. Now offered for the first time, original blueprints included. Why it's rare: Seven income units on a 2,704 SF corner lot, a Sand Section offering rarely seen. Once it sells, it may not come available again for decades. What you get: Approx. 4,862 SF (Assessor) with three 2-bedroom units, a 3-bedroom unit, two 1-bedroom units and a studio on a FULL lot. Five carport PARKING spaces. In-unit washer/dryer in 5 of 7 units. Separate electric & gas meters; one water meter. White-water ocean views from four residences. Corner location at 28th St and Manhattan Ave, near The Strand, the Pier and Downtown Manhattan Beach. What it could earn: Approx. $324,000 projected annual gross scheduled rent with non-income units leased at market (broker estimate), before expenses. Ideal for building a strong investment portfolio or completing a 1031 exchange. Transfer tax: Manhattan Beach
Location
State CA
County Los Angeles
Area 142 - Manhattan Bch Sand
Rooms
Kitchen Dishwasher, Freezer, Pantry, Refrigerator, Oven - Gas
Interior
Heating Gas, Wall Furnace
Cooling None
Flooring Laminate
Laundry Other
Exterior
Parking Features Carport , Covered Parking, Other
Garage Spaces 5.0
Pool 31, None
View Ocean, Water
Roof Type Shingle,Composition
Building
Story Three or More Stories
Water Hot Water, District - Public
Architectural Style Craftsman, Custom, Traditional, Cape Cod
Others
Tax ID 4176029016
Special Listing Condition Not Applicable
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