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    124 11th Street

    Manhattan Beach, CA 90266
    • $7,950,000
    • STATUS: Active
    • ON SITE: 66 days
    • ID#: SB21143891
    UPDATED: 56 min ago
    $7,950,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1946
    County:

    School Ratings & Info

    Description

    Situated in the heart of downtown Manhattan Beach, this residential anomaly offers outstanding ocean views as it overlooks the MB pier, sand, and white water waves. Upon entering this charming property, you find an open commercial/retail area suitable for a flexible shared workspace, stunning artistic gallery or darling street level retail boutique. Whether it be for technology startups or service oriented enterprises, this space offers an employee kitchen, bath and plenty of storage along with three private offices. The entire second level is flooded with South Bay sunshine. On this level you will find the main bedroom offering sweeping ocean views that carry through to the living room and kitchen area. Of the two updated bathrooms on the second floor, the main bath provides a spa like atmosphere which includes a ToTo French bidet. Also on this level, you will find a cozy second bedroom with a custom built murphy bed and built-in closet. Additionally, this property offers (2) one-bedroom rental units that have been updated and boast magnificent unblockable ocean views! Park your car in one of the two attached covered garage spaces and stroll to all of downtown Manhattan Beach's finest restaurants, shops, boutiques and spas! This extremely unique investment does not come around often. Live/Work your best South Bay Beach Lifestyle!!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T23:25:41.927. 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 deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
    www.thenajargroup.com/homes/119370002
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    124 11th Street Manhattan Beach, CA 90266

    • Price: $7,950,000
    • Status: Active
    • Updated: 56 min ago
    • ID#: SB21143891
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    1946
    Built
    Neighborhood:
    142 - Manhattan Bch Sand
    County:
    Los Angeles
    Area:
    142 - Manhattan Bch Sand
    Property Description
    Situated in the heart of downtown Manhattan Beach, this residential anomaly offers outstanding ocean views as it overlooks the MB pier, sand, and white water waves. Upon entering this charming property, you find an open commercial/retail area suitable for a flexible shared workspace, stunning artistic gallery or darling street level retail boutique. Whether it be for technology startups or service oriented enterprises, this space offers an employee kitchen, bath and plenty of storage along with three private offices. The entire second level is flooded with South Bay sunshine. On this level you will find the main bedroom offering sweeping ocean views that carry through to the living room and kitchen area. Of the two updated bathrooms on the second floor, the main bath provides a spa like atmosphere which includes a ToTo French bidet. Also on this level, you will find a cozy second bedroom with a custom built murphy bed and built-in closet. Additionally, this property offers (2) one-bedroom rental units that have been updated and boast magnificent unblockable ocean views! Park your car in one of the two attached covered garage spaces and stroll to all of downtown Manhattan Beach's finest restaurants, shops, boutiques and spas! This extremely unique investment does not come around often. Live/Work your best South Bay Beach Lifestyle!!
    Exterior Features

    Carport Spaces 0 Entry Location Street Level Fencing None Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 1 Parking Features Door-SingleGarageSide By Side Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes View OceanPanoramic View YN Yes Waterfront Features Ocean AccessOcean Front

    Interior Features

    Appliances Gas CooktopGas OvenMicrowaveRefrigerator Common Walls 1 Common Wall Cooling Central AirDual Cooling YN Yes Fireplace Features Guest Accommodations Fireplace YN Yes Flooring Wood Heating CentralZoned Heating YN Yes Interior Features BalconyGranite CountersLiving Room Deck AttachedMultiple StaircasesRecessed LightingStorageWired For DataAll Bedrooms Down

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 1.4 Common Interest None Community Features BikingCurbsStreet LightsSidewalksWater Sports Contingency One Of The Two Units is Tenant Occupied And Will Need 60 Day Notice To Vacate. Broker And Broker's Agents Do Not Represent Or Guarantee Accuracy Of The Square FootagePermitted Or Unpermitted SpaceBd/Ba CountLot Size/DimensionsSchoolsOr Other information Concerning The Conditions Or Features Of The Property. Buyer is Advised To independently Verify The Accuracy Of All information Through Personal inspection & W/ Appropriate Professionals To Satisfy Themselves. For Any QuestionsPlease Contac Electric Expense 4200 Fuel Expense 720 Garage YN Yes Gross Income 276000 Gross Scheduled Income 276000 Insurance Expense 2400 Land Lease YN No Laundry Features In Garage Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Entry Only Listing Terms Cash To New Loan Maintenance Expense 9360 Net Operating Income 132480 New Construction YN No New Taxes Expense 118125 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 139881 Pest Control Expense 3600 Possession See Remarks Property Sub Type Mixed Use Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable Tv Total Actual Rent 23079 Trash Expense 276 Utilities Cable AvailableElectricity AvailablePhone AvailableWater Available Vacancy Allowance Rate 1 Water Sewer Expense 1200 Water Source Public Zoning Mnrh

    Listing provided courtesy of Dawn Wilcox of Coldwell Banker Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T23:25:41.927. 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 deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
     
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    The Najar Group | Keller Williams Realty
    1014 Broadway Ste C
    El Cajon CA, 92021