Water Views
Address
124 11Th Street Manhattan Beach, CA
Price
$ 6,950,000
Property Attributes
  • MLS#21792162
  • TypeIncome
  • CountyLOS ANGELES
  • CityManhattan Beach
  • AreaManhattan Bch Sand
  • Zip90266
  • Style
  • Price$ 6,950,000
  • Bedrooms13
  • Full Bathrooms14
  • Half Bathrooms0
  • Sqr Footage3966
  • Lot Size2,711 SqFt
Listing Provided Courtesy Of:
Sasha Rahban with SaraVita Properties Inc - 310-963-9680
Data Source:
California Regional MLS (CRMLS)
Property Description

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.

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

General Features

Appliances Dishwasher, Microwave, Oven, Refrigerator, Dryer
Cooling Central Air
Garage Y/N Yes
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 No
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

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

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90266

Price
AVG $4.48M
$6.95M
Visits
AVG 222
74
Year Built
AVG 1943
1946
Walkscore
AVG 75
91
Data Provided by Walkscore ® not using MLS data

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