453 28th St - Multi-Family FOR SALE


Manhattan Beach, CA 90266
$2,300,000 USD
310-780-1899
453 28th St, Manhattan Beach, CA for Sale
$2,300,000 USD
Multi-Family - FOR SALE
1/33
null | 2.92% Cap Rate

453 28th St
Manhattan Beach, CA 90266


HIGHLIGHTS

  • Well-Maintained Triplex in Prime Manhattan Beach Sand Section - Walking Distance to the Strand, Bruce’s Beach, and Sand Dune Park
  • Unit Mix: (3) 1-Bed/1-Bath Units | (1) Car Garage
  • 2 Units Currently Vacant | Great Opportunity For an Owner-User or Investor to Renovate & Achieve Market Rent
  • Located in Coastal Zone | Opportunity to Rent as Short Term Rentals
  • 3.24% Market CAP | $766,667/Unit
  • 1,262 Square Foot Building on a 1,356 SF (30’x45’) Lot (Zoned Residential)

OVERVIEW

453 28th Street presents a rare triplex opportunity in the highly sought-after Sand Section of Manhattan Beach. Ideally situated just a short walk from the Strand, Bruce’s Beach, and all the dining and retail offerings of North Manhattan, this property offers incredible potential for both investors and owner-users alike. The building features a desirable unit mix of (3) 1-bedroom, 1-bathroom units, with two units currently vacant—offering immediate upside through renovation and lease-up at market rents. With its inclusion in the Coastal Zone, the property may also qualify for short-term rental use, creating a unique value proposition in one of the South Bay’s most in-demand coastal communities. Set on a compact 1,356 SF (30’x45’) lot, the 1,262 SF building includes a 1-car garage and is priced at $766,667/unit. Whether you're looking to renovate and re-lease, secure a low-maintenance beachside asset, or live & own a great starter property with long term potential, 453 28th Street is a rare find just steps from the sand.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$1,823 USD /SF

# OF UNITS

3

PRICE/UNIT

$766,667

CAP RATE

2.92%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rare Triplex in Prime Manhattan Beach

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1942

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

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Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.