1826 12th Street, Manhattan Beach, CA 90266
- $5,695,000
- List Price
- $5,695,000
- Status
- ACTIVE
- MLS#
- PW26198389
- Year Built
- 1957
- Lot Size
- 8,153
- Acres
- 0.19
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 0
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
Property Description
1826-1828 12th Street presents a rare opportunity to acquire a 10-unit multifamily property in a desirable Manhattan Beach location. The property features an attractive unit mix consisting entirely of 2-bed/1-bath units across two buildings totaling approximately 6,384 square feet on an 8,254 square foot lot. The property offers upside, while nearly all occupied units are eligible for the maximum allowable rent increase under AB 1482. Six of the ten units have undergone various renovations, and ownership has completed several building improvements since 2023, including a full roof repair, new subpanels, and SB 721 compliance. Additional amenities include on-site parking and laundry facilities, with in-unit laundry in three units. Located near Trader Joe’s and minutes from Polliwog Park, Manhattan Beach Middle School, and the Redondo Beach Performing Arts Center, the property offers investors a compelling combination of location, upside, and long-term value.
Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 10
- Gross Scheduled Income
- $361,200
- Operating Expense
- 109512
Listing courtesy of Listing Agent: Woody Stahl (broker@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Est.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.