Home | Los Angeles County | Manhattan Beach | 90266 | 123 28th St
MLS: CRSB26224071 | Status: | Price: $4,995,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 2,704 | 1937 |
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 PARKING spaces. 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. $326,100 projected annual gross scheduled rent with vacant 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:
| Field | Value |
|---|---|
| MLS # | CRSB26224071 |
| MLS Source | California Regional MLS |
| Days on Site | 14 |
| Feature | Details |
|---|---|
| Kitchen | Pantry |
| Appliances | Dishwasher, Freezer, Other, Oven - Gas |
| Flooring | Laminate |
| Cooling | None |
| Heating | Gas, Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Composition, Shingle |
| Style | Cape Cod, Craftsman, Custom, Traditional |
| Feature | Details |
|---|---|
| Garage/Parking | Carport, Covered Parking, Other, Garage: 0 Car(s) |
| HOA Fee | $0 |
Ashley Anderson
eXp Realty of California Inc
License #: 01934610
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | – |
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This listing information is up-to-date as of October 27, 2026. For the most current information, please contact Ashley Anderson.