$5,725,000
$5,950,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
124 11TH ST Manhattan Beach, CA 90266
2,709 Sqft Lot
Key Details
Sold Price $5,725,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 22131783
Sold Date 06/01/22
HOA Y/N No
Year Built 1946
Lot Size 2,709 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area 142 - Manhattan Bch Sand
Zoning MNRH
Interior
Heating Central
Fireplace No
Appliance Dishwasher, Dryer
Laundry Laundry Closet
Exterior
Parking Features Covered, Garage, Tandem
Waterfront Description Ocean Front
Total Parking Spaces 4
Building
Faces North
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4179018012
Financing Conventional
Special Listing Condition Standard
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Bought with Keith Kelley • Palm Realty Boutique