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$5,695,000
Est. payment /mo
8,154 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26198389
HOA Y/N No
Year Built 1957
Lot Size 8,154 Sqft
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.
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.
Location
State CA
County Los Angeles
Area 146 - Manhattan Bch Heights/Lib Vlg
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Biking, Sidewalks
Total Parking Spaces 10
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4165024026
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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Listed by Woody Stahl Lyon Stahl Investment Real Est broker@lyonstahl.com, DRE #01399621
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