123 28th Street, Manhattan Beach, CA 90266
Local realty services provided by:CENTURY 21 Affiliated
123 28th Street,Manhattan Beach, CA 90266
$4,995,000
- 8 Beds
- 5 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: ashley anderson
Office: exp realty of california inc
MLS#:SB26224071
Source:San Diego MLS via CRMLS
Price summary
- Price:$4,995,000
About this home
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, 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 fir...
Contact an agent
Home facts
- Listing ID #:SB26224071
- Added:8 day(s) ago
- Updated:October 24, 2026 at 02:36 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:5
Structure and exterior
- Roof:Composition
- Levels:3 Story
Finances and disclosures
- Price:$4,995,000
New listings near 123 28th Street
- Coming Soon
$4,400,000Coming Soon5 beds 5 baths4,130 sq. ft.1515 5th Street, Manhattan Beach, CA 90266
MLS# SB26200321Listed by: EXP REALTY OF CALIFORNIA INC - Coming SoonOpen Fri, 12 to 2pm
$1,379,000Coming Soon2 beds 3 baths1,187 sq. ft.1304 12th Street #E, Manhattan Beach, CA 90266
MLS# SB26227306Listed by: ESTATE PROPERTIES - Coming Soon
$5,700,000Coming Soon5 beds 5 baths3,574 sq. ft.586 36th, Manhattan Beach, CA 90266
MLS# SB26192556Listed by: REALTY ONE GROUP UNITED - Coming Soon
$6,495,000Coming Soon5 beds 6 baths4,085 sq. ft.745 35th Street, Manhattan Beach, CA 90266
MLS# SB26155741Listed by: THOMPSON TEAM REAL ESTATE, INC. - Open Sat, 12 to 4pmNew
$3,950,000Active4 beds 3 baths2,613 sq. ft.2317 Pine Avenue, Manhattan Beach, CA 90266
MLS# SR26229777Listed by: PINNACLE ESTATE PROPERTIES - Open Sat, 1 to 4pmNew
$4,650,000Active5 beds 5 baths3,347 sq. ft.3521 Laurel Avenue, Manhattan Beach, CA 90266
MLS# SB26228405Listed by: COMPASS - Open Sat, 1 to 4pmNew
$4,500,000Active5 beds 6 baths5,120 sq. ft.1346 Gates Ave., Manhattan Beach, CA 90266
MLS# SB26229185Listed by: EXP REALTY OF CALIFORNIA INC - Open Sun, 1 to 4pmNew
$4,650,000Active5 beds 5 baths3,347 sq. ft.3521 Laurel Avenue, Manhattan Beach, CA 90266
MLS# SB26228405Listed by: COMPASS - Open Sun, 2 to 4pmNew
$5,300,000Active4 beds 5 baths3,232 sq. ft.522 Marine Avenue, Manhattan Beach, CA 90266
MLS# SB26192799Listed by: COMPASS - New
$745,000Active2 beds 2 baths791 sq. ft.1117 Pacific Avenue #3, Manhattan Beach, CA 90266
MLS# 26103887Listed by: KELLER WILLIAMS REALTY LOS FELIZ