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 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.
For sale
Listed by: eXp Realty of California Inc • Ashley Anderson • Contact: 310-435-6633
$4,995,000
123 28th St, Manhattan Beach, CA 90266
10beds
8baths
4,860sqft
Multi Family
Built in 1937
-- sqft lot
$4,935,700 Zestimate®
$1,028/sqft
$-- HOA
What's special
- 10 days
- 636
- 64
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Ashley Anderson DRE #01934610 310-435-6633,
eXp Realty of California Inc
Source: CRMLS,MLS#: SB26224071
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 8
Heating
- Natural Gas, Wall Furnace
Cooling
- None
Appliances
- Included: Dishwasher, Freezer, Gas Oven, Refrigerator, Water Heater
- Laundry: Inside
Features
- Ceiling Fan(s), High Ceilings, Pantry, Recessed Lighting, Storage, Unfurnished
- Flooring: Laminate, Tile
- Windows: Bay Window(s), Screens
- Has fireplace: Yes
- Fireplace features: Family Room, Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 4,860
- Total interior livable area: 4,860 sqft
Property
Parking
- Total spaces: 5
- Parking features: Concrete, Covered, Paved
- Garage spaces: 5
Features
- Levels: Three Or More
- Stories: 3
- Entry location: Manhattan Ave
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: Coastline, Ocean, Water
- Has water view: Yes
- Water view: Coastline,Ocean,Water
- Waterfront features: Beach Access, Ocean Access, Ocean Side Of Freeway, Ocean Side Of Highway
Lot
- Size: 2,704 Square Feet
- Features: 6-10 Units/Acre, Corner Lot, No Landscaping, Near Public Transit
Details
- Parcel number: 4176029016
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Cape Cod,Craftsman,Custom,Traditional
- Property subtype: Multi Family
Materials
- Roof: Composition,Shingle
Condition
- New construction: No
- Year built: 1937
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Biking, Curbs, Dog Park, Fishing, Street Lights, Sidewalks
Location
- Region: Manhattan Beach
Financial & listing details
- Price per square foot: $1,028/sqft
- Date on market: 10/15/2026
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
- Inclusions: None automatically included. Appliance inclusion negotiable per listing addendum.
- Exclusions: All appliances, including refrigerators, ranges, washers, and dryers, are excluded; inclusion may be negotiated in a purchase agreement. Tenant-owned appliances and improvements do not convey.
- Total actual rent: 11800
- Tenant pays: Cable TV, Electricity, Gas
- Road surface type: Paved
Estimated market value
$4,935,700
$4.69M - $5.18M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2026 | Listed for sale | $4,995,000$1,028/sqft |
Source: eXp Realty #SB26224071 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 90266
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