124 11th St

Manhattan Beach, CA 90266 View Map $7,950,000 Schedule a Tour
Sq.Ft. Lot2,711
Year1946
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Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:21792162
On Site:57 Days
Lot Size:2,711 Sq. Ft.
County:Los Angeles
We are proud to present 124 11th Street, a 5-unit mixed use asset located in the heart of downtown Manhattan Beach. One of the most desirable locations in all of Manhattan Beach, 124 11th Street is just steps from the ocean, Manhattan Beach Pier, and some of the hottest restaurants, shops and nightlife within walking distance. The residential units offers spectacular ocean views as they overlook the Manhattan Beach pier, sand and ocean waves. Built in 1946, the property has a great unit mix of three (3) residential units with ocean views and two (2) ground floor retail spaces which is located near the hottest retail spaces in the area. The apartment units consist of (1) two-bedroom, two-bathroom and (2) one-bedroom/ one-bathroom units. The property has undergone recent improvements including a new roof (Installed in 2020). Upon entering this property, you will find two separate entrances to two ground floor retail spaces which can combine to 1 retail space if needed or attract two retail boutique stores. The property currently has 4 of the 5 units vacant, with the remaining tenant willing to move out with 60 day notice. This investment provides the perfect opportunity for an owner/user to occupy one of the magnificent ocean view apartment units and/or occupying the retail space and renting out the other units for passive income. This is a trophy property that rarely hits the market. This iconic building in prime Downtown Manhattan Beach would be a prized asset in any investors real estate portfolio! Offering Memorandum can be provided upon request.

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$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Community Information

Address:124 11th St Manhattan Beach, CA 90266
Zip Code:90266

Architecture

Year Built:1946
Stories:2
Building Area: 3966.0
Number of Buildings: 1
Total Units: 5
Stories Total: 2
Unit 1: 1 Unit•1 Bath•Unfurnished•$6,000 actual rent•$6,000 pro forma
Unit 2: 2 Units•Unfurnished•$6,000 actual rent•$6,000 pro forma
Unit 3: 3 Units•1 Bed•1 Bath•Unfurnished•$4,250 actual rent•$4,250 pro forma
Unit 4: 4 Units•1 Bed•1 Bath•Unfurnished•$4,750 actual rent•$3,695 total rent•$4,750 pro forma
Unit 5: 5 Units•2 Beds•2 Baths•Unfurnished•$7,000 actual rent•$7,000 pro forma
Parking Features: Covered, Door-Multi, Garage
Parking Total: 4.0

Features / Amenities

Appliances: Dishwasher, Microwave, Oven, Refrigerator, Dryer
Laundry: Inside, Laundry Closet, In Garage
Cooling: Central Air
Heating: Central

Property Features

Lot Size: 0.06 Acres / 2,711 Sq. Ft.
Zoning:MNRH
Directions:South of Manhattan Beach Blvd and West of Manhattan Ave.

Tax and Financial Info

Buyer Financing: Conventional
Gross Income: $323,340
Net Operating Income: $218,910

Listing Agent/Office

Listing provided courtesy of Sasha Rahban, Saravita Properties Inc.

Schools

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124 11th St Manhattan Beach, CA 90266
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124 11th St Manhattan Beach, CA 90266
 
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Based on information from California Regional Multiple Listing Service, Inc. as of December 1, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.

Property Summary:

Home for sale at .

Description: The property at 124 11th St Manhattan Beach, CA 90266 in the subdivision with the MLS# 21792162 is currently listed for $7,950,000 and has been on the market for 56 days.

GeoCoordinates:

33.883782
-118.410622

Listing Price: $7,950,000

You are viewing the CRMLS listing details of the home for sale at 124 11th St Manhattan Beach, CA 90266, which features 0 bedrooms and 0 bathrooms, and 0 sq.ft. of living area.