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123 28th St , Manhattan Beach, CA 90266
$4,995,000
Est. Payment: $26,248.21/mo
9 Bed
5 Bath
0.06 Acres
Status: active | Days on site: 25
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CR-sb1338520 - CR-SBANDERAS
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Chris Heller
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House Description

BUILT BY ONE FAMILY. HELD FOR GENERATIONS. READY FOR ITS NEXT CHAPTER. One block from the sand! Opportunities like this dont 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 its 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 (seller-owned appliances included). Separate electric, gas & water meters. 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. $363,000 projected annual gross scheduled rent at renovated market rents (broker estimate), before expenses. Ideal for building a strong investment portfolio or completing a 1031 exchange. Transfer tax: Manhattan Beach is its own city, so the City of Los Angeles Measure ULA Mansion Tax does not apply under current law. Other transfer taxes may apply. Coastal Zone: Located in the California Coastal Zone. Short-term rental use subject to City licensing, TOT and applicable regulations; buyer to confirm eligibility with the City. Want more land by the sand? The home right next door
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Highlights

Listed by Ashley Anderson , 310-435-6633 eXp Realty of California Inc , 888-584-9427. San Diego County Multiple Listing Service mls logo

Property Type

Multi-Family
Lot/Acreage
0.06

County

Los Angeles

Listing ID

SB26224071

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:9
  • ▪ Bathrooms:5
Air Cond:N/K
Fireplaces:

Exterior Features

Lot Dimensions:30' x 90
Zoning:Appraiser
Roof:Composition
Principal Interest
$26,248
Taxes
$3,184

Home Price

$4,995,000

Loan Details

30 yrs
6.874%

Down Payment

20%
$999,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$26,248.21

Principal

Taxes

Principal Taxes HOA Total
Monthly $26,248.21 $3,184.31 $0.00 $29,432.52
Yearly $314,978.46 $38,211.75 $0.00 $353,190.21
Total $9,449,353.94 $1,146,352.50 $0.00 $10,595,706.44

Today's Rates

30 Year

6.87%

20 Year

6.7%

15 Year

6.29%

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Market insight data is pulled from the same city as the listing being viewed (Manhattan Beach, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The data relating to real estate for sale on this web site comes in part from the San Diego MLS, Inc.. Real estate listings held by brokerage firms other than Heller Real Estate Group | eXp Realty of Southern California | PLACE are marked with the IDX logo. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego MLS.

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Data last updated: 2026-11-08T18:13:12.000Z

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