123 28th St , Manhattan Beach, CA 90266
$4,995,000
Est. Payment: $26,248.21/mo
11 Bed
8 Bath
4862 Sqft
0.06 Acres
Status: active | Days on site: 23
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SB1338520 - SBANDERAS
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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 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 (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 at 121 28th St, held by the same family since 1926, is also offered separately for the first time in a century. Together, they total approx. 5,400 SF of contiguous Sand Section land. Sold as-is, subject to existing tenancies except units delivered vacant. Buyer to verify all details, including zoning, permitted units, unit configurations, square footages, rental eligibility, taxes and income projections. Income not guaranteed.

Highlights

Listed by Ashley Anderson , 310-435-6633 eXp Realty of California Inc , 888-584-9427. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.06

Year Built

1937

County

Los Angeles

Area

142 - Manhattan Bch Sand

Listing ID

SB26224071

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:11
  • ▪ Bathrooms:8
Appliances:Dishwasher, Freezer, Gas Oven, Refrigerator, Water Heater
Floor:Laminate,Tile
Other:
  • ▪ Additional:Ceiling Fan(s), High Ceilings, Pantry, Recessed Lighting, Storage, Unfurnished
Water:Public

Exterior Features

Lot:Corner Lot,No Landscaping,Over 40 Units/Acre,Near Public Transit,Rectangular Lot,No Land Lease
Lot Dimensions:30' x 90
Garage Capacity:5
Zoning:MNRH
Roof:Composition,Shingle
Others:
  • ▪ Additional:2+ Total Units
Sewer:Public Sewer
Parking Features:Concrete,Covered,Carport,Paved
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.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-11-08T17:32:49.000Z

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