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Listed by eXp Realty of California Inc, Ashley Anderson, Listing Contact: 310-435-6633 
9 Beds
5 Baths

$4,995,000

123 28th Street, Manhattan Beach CA, 90266

Price per sqftN/A
Property typeMulti-family

Overview

Active

Listed Oct 15, 2026

Updated 18h ago

***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 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 mo

$33,232/mo

Est. mortgage payment based on a $4,995,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
SB26224071

Interior Features

Bedrooms
9
Bathrooms
5
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.06 Acres

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Data last updated 11:54 PM UTC, 11/4/2026

   

 

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