$6,950,000 124 11th Street Manhattan Beach, CA

MLS: 21792162   Type: Income   County: Los Angeles   City: Manhattan Beach   Area: Manhattan Bch Sand   Zip: 90266     Stories: 2

Mortgage $32,629 /mo



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NEW UPDATED PRICE! OVER 1 MILLION DOLLAR PRICE REDUCTION. MOTIVATED SELLERS. BRING ALL OFFERS! We are proud to present 124 11th Street, a 4-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 one (1) ground floor retail space 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 combine to 1 retail/office space. Perfect for an OWNER/USER. The property currently has 3 of the 4 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/OFFICE 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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Price History

10/7/2021 Listed $7,950,000
12/13/2021 13% - $6,950,000

Appliances Dishwasher, Microwave, Oven, Refrigerator, Dryer
Cooling Central Air
Garage Y/N Yes
HOA Fee 0
Heating Central
Listing Agent Sasha Rahban - BRE#01849286
Listing Agent State License 01849286
Lot Size Square Feet 2711
MLS Area 142 - Manhattan Bch Sand
Property Type Residential Income
Senior Community Y/N N
Special Listing Conditions Standard
Status Active
Total Units 4
Virtual Tour https://www.sasharahban.com/
Zoning MNRH

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Laundry Features Inside, Laundry Closet, In Garage
Total Baths 0

Exterior Features

Lot Size Acres 0.06
Lot Size Area 2711
Lot Size Units Square Feet
Number of Buildings 1
Parking Features Covered, Door-Multi, Garage
Total Parking 4

Property Schools

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Gallery (13 photos)

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Property vs Zip Code Avg (90266)

Price 6.95M Avg 4.47M

Sqr Feet 3,966 Avg 2,968

Cost / Sqr Ft $1,752 Avg $1,508

Acres 0.062236 Avg 0.07

Visits 77 Avg 224

Days on Site 104 Avg 283

Walkscore® 91 Avg 75

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Sasha Rahban with SaraVita Properties Inc - 310-963-9680

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Location & Address

Jackson Mosley - DRE#01128579
Corporate Office Location: 2603 Camino Ramon Suite 200
San Ramon, CA