2,705 Sqft Lot
2,705 Sqft Lot
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26224071
HOA Y/N No
Year Built 1937
Lot Size 2,705 Sqft
Property Sub-Type Apartment
Property Description
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, this seven-unit building sits one block from The Strand in the Sand Section of Manhattan Beach. Now this income-producing landmark is offered for the first time, original blueprints included.
Why it's rare: Seven units on a 2,704 SF coastal lot is density that's hard to replicate under today's zoning and parking standards. Once it sells, it may not become available again for decades.
What you get: Approx. 4,860 SF with four 2-bedroom units, two 1-bedroom units and a studio on a FULL lot. Five PARKING spaces. Separate electric and gas meters. White-water panoramic ocean views. Corner location at 28th St and Manhattan Ave, near The Strand, the Pier and Downtown Manhattan Beach.
What it could earn: Approx. $336,000 in projected annual gross rent at full market rents and occupancy, before expenses (broker estimate). 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, where short-term rentals may be permitted. Buyer to confirm eligibility with the City.
Want more sand? The home right next door at 121 28th St, built in 1926 and held by the same family for a century, is also offered separately for the first time. Together, they total approx. 5,400 SF of contiguous Sand Section land.
Sold as-is. Buyer to verify all details, including zoning, permitted uses, rental eligibility, taxes and income projections. Income not guaranteed.
Location
State CA
County Los Angeles
Area 142 - Manhattan Bch Sand
Interior
Interior Features Ceiling Fan(s), High Ceilings, Pantry, Recessed Lighting, Storage, Unfurnished
Heating Natural Gas, Wall Furnace
Cooling None
Flooring Laminate, Tile
Fireplaces Type Family Room, Living Room
Inclusions None automatically included. Appliance inclusion negotiable per listing addendum.
Fireplace Yes
Appliance Dishwasher, Freezer, Gas Oven, Refrigerator, Water Heater
Laundry Inside
Exterior
Parking Features Concrete, Covered, Paved
Garage Spaces 5.0
Garage Description 5.0
Fence None
Pool None
Community Features Biking, Curbs, Dog Park, Fishing, Street Lights, Sidewalks
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Waterfront Description Beach Access,Ocean Access,Ocean Side Of Freeway,Ocean Side Of Highway
View Y/N Yes
View Coastline, Ocean, Water
Roof Type Composition,Shingle
Total Parking Spaces 5
Private Pool No
Building
Lot Description 6-10 Units/Acre, Corner Lot, No Landscaping, Near Public Transit
Faces West
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Architectural Style Cape Cod, Craftsman, Custom, Traditional
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 4176029016
Energy Description 1800.0
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
Nearby Locations
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