7-Unit Apartment Building with Ocean
New
For Sale
$4,995,000
123 28th St, Manhattan Beach, CA 90266
The coastal property combines a varied apartment mix with on-site parking and separate utility meters.
Property Size4,860 SF
Lot Size0.06 Acres
Price / SF$1,027
Days on Market6
Property Features for 123 28th St
General Information
Standard status
Active
Size
4,860 SF
Total Parking Spaces
5
Lot size
0.06 Acres
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR, 2 x 1BR, 1 x studio
Multifamily Units
7
Building Details
Year Built
1937
Buildings
1
Listing Agency:
eXp Realty of California Inc
(888) 584-9427
Listed By:
Ashley Anderson
(310) 435-6633
Source:
Exprealty
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of California Inc
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Investment Insights
Based on property information with market context.
Built in 1937, this seven-unit apartment building contains approximately 4,860 SF across four two-bedroom units, two one-bedroom units, and a studio. The property sits on a 2,704 SF lot and includes five parking spaces, separate electric and gas meters, and original blueprints. Panoramic ocean views are also part of the property.
At 123 28th St, the corner site is one block from The Strand in Manhattan Beach’s Sand Section. The property is in the California Coastal Zone. Rental eligibility and permitted uses are subject to buyer verification with the City.
At 123 28th St, the corner site is one block from The Strand in Manhattan Beach’s Sand Section. The property is in the California Coastal Zone. Rental eligibility and permitted uses are subject to buyer verification with the City.
Key Highlights
- Seven apartments: four 2‑bedroom units, two 1‑bedroom units, and a studio
- Approximately 4,860 SF on a 2,704 SF lot
- Five parking spaces
Property Analytics
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Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
957
Businesses Nearby
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Business Placement
Demographics for 90266, CA
35,506
Population
14,945
Households
2.4
Avg Household Size
43
Median Age
79%
College-Educated
99%
High-School Grad
4.0 sq mi
ZIP Area
8,877
Density / Sq Mi
$193,904
Median Household Income
$114,154
Median Earnings
$3,492
Median Rent
$2,000,001
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The coastal property combines a varied apartment mix with on-site parking and separate utility meters.
Where is this apartment building located?
The property is located at 123 28th St Manhattan Beach, CA.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: Seven apartments: four 2‑bedroom units, two 1‑bedroom units, and a studio; Approximately 4,860 SF on a 2,704 SF lot; Five parking spaces
