Date
Details
Price
Change
Source
10/15/2026
Listed
$4,995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
BUILT BY ONE FAMILY. HELD FOR GENERATIONS. READY FOR ITS NEXT CHAPTER. 1 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 legacy family ever since, these seven multifamily units sit one block from The Strand in the Sand Section of Manhattan Beach. Now, this income-producing landmark is listed for the FIRST TIME, original blueprints included!
Why it's rare: you can't easily replicate this build!. Seven multifamily units on a full 2,704 SF coastal lot is density that's hard to come by under today's zoning and parking standards, so once this sells, it may not come available again for decades.
What you get: Approx. 4,860 SF with four 2-bedroom units, two 1-bedroom units and a studio. 5 carport spaces. Separate electric and gas meters. White-water ocean views from select units. Prime corner 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). Live in one and lease the rest, build a coastal portfolio or put your 1031 exchange to work.
What you won't pay: Measure ULA. In the City of LA, it adds a 4% to 5.5% transfer tax on sales above $5.4M. Manhattan Beach is its own city, so ULA does not apply here under current law. Other transfer taxes may apply.
Coastal Zone: Located in the California Coastal Zone. Buyer to confirm short-term rental eligibility with the City.
Want more sand? The adjoining 1926 cottage at 121 28th St, held by the same family for a century, is offered separately. Together, approx. 5,400 SF of contiguous Sand Section land.
Sold as-is. Buyer to verify all details, zoning, permitted uses, rental eligibility, taxes and income projections. Income not guaranteed. 7 Multifamily Residential Commercial Units. NO MEASURE ULA.
Full Property Details
Full Property Details for 123 28th
General
- Price: $4,995,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SB26224071
- Updated: 10/16/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Unfurnished, High Ceilings, Ceiling Fan(s), Pantry, Recessed Lighting, Storage
- Fireplace(s): Dining Room, Gas, Kitchen, Primary Bedroom, Wood Burning, Living Room, Family Room
- Appliances: Water Heater, Refrigerator, Water Heater Central, Freezer, Gas Oven, Dishwasher
- Flooring: Tile, Laminate
Rooms
Other Rooms
- Laundry: Inside
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Garage Spaces: 5
- Parking Features: Concrete, Covered, Paved, Carport
- Parking: Concrete, Covered, Paved, Carport
Location
- Area: 142 - Manhattan Bch Sand
- County: Los Angeles
- Development Name: 142 - Manhattan Bch Sand
- Driving Directions: Between 28th St. and 28th Pl. on Manhattan Ave.
- Direction Faces: West
Heating & Cooling
- Cooling Type: None
- Heating Type: Natural Gas, Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Gas Meters: 7
- # Electric Meters: 7
Structural Information
- Architectural Style: Craftsman, Traditional, Cape Cod, Custom-Built
- Roof: Composition, Shingle
- Entry Location: Manhattan Ave
- Stories/Levels: Three Or More
- Stories Description: Three Or More
- Square Feet: 4,860
- Year Built: 1937
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 5
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 7
- Number of Units: 1
- Total Bathrooms: 1
Lot Features
- Property View: Coastline, Ocean, White Water, Water
- Lot Size (Acres): 0.0621
- Lot Size (Sq. Ft.): 2,704
- Lot Size Source: Appraiser
- Lot Description: Corner Lot, Near Public Transit, No Landscaping, 6-10 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $1,027.78
- Price Per Unit: 713571
Disclosures and Reports
- 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.
- Inclusions: None automatically included. Appliance inclusion negotiable per listing addendum.
Listed by eXp Realty of California Inc, Ashley Anderson
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 123 28th —
Ashley Anderson
eXp Realty of California Inc
310-435-6633
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 123 28th
School District:Manhattan Beach Unified School District
| Name | Grades | Distance |
|---|---|---|
Grand View Elementary School, Manhattan Beach, CA 455 24th Street, Manhattan Beach, CA 90266 | K-5 | 0.2 mi |
Manhattan Beach Middle School 1501 North Redondo Avenue, Manhattan Beach, CA 90266 | 6-8 | 1.9 mi |
Mira Costa High School 1401 Artesia Boulevard, Manhattan Beach, CA 90266 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 123 28th
Tax History
Tax History for 123 28th
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,346
—
$517,510
2%
2025
$7,346
—
$507,363
4%
2023
$7,318
-5%
$488,944
-88%
2022
$7,667
-84%
$4,149,312
2%
2021
$47,991
518%
$4,067,979
774%
2020
$7,764
1%
$465,204
2%
2019
$7,682
2%
$454,828
2%
2018
$7,567
3%
$445,911
2%
2017
$7,362
4%
$437,169
2%
2016
$7,110
2%
$428,598
2%
2015
$6,989
1%
$422,161
2%
2014
$6,948
—
$413,893
—
2013
$6,923
—
$412,023
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 123 28th
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Listed by Christopher Barhoum (CalRE#: 01463347)
123 28th, Manhattan Beach, CA 90266 (MLS# SB26224071) is a Multi-Family property with 7 units containing 0 bedrooms and 0 full bathrooms. 123 28th is currently listed for $4,995,000 and was received on October 15, 2026. Want to learn more about 123 28th? Do you have questions about finding other Multi-Family real estate for sale in Manhattan Beach? You can browse all Manhattan Beach real estate or contact a Coldwell Banker agent to request more information.