Property Detail

124 11th

Manhattan Beach CA 90266

$5,725,000

Status: Active

Property Details

Description

This is an unparalleled mixed-use investment opportunity, offering a rare chance to secure a coveted piece of Manhattan Beach real estate just steps from the legendary Strand. Located only one block from the vibrant Pier, upscale dining, and boutique shopping, this 4-unit property boasts a truly A++ location. The two upper residential units—a 2-bedroom, 2-bath and a 1-bedroom, 1-bath—feature breathtaking, panoramic views spanning the Pier, crashing waves, pristine sand, the vast Pacific Ocean, and Palos Verdes, while the lower 1-bed unit also enjoys fantastic ocean views. All residential units have been beautifully and cosmetically remodeled with new flooring, contemporary cabinetry, and modern appliances. The ground-level commercial unit provides an ideal professional asset, complete with a half-bath, kitchen, open office space, and two private offices. This property offers the ultimate flexibility as it can be delivered completely vacant at the close of escrow, providing immediate potential for an owner/user, tenant selection, or redevelopment of this prime coastal parcel, with estimated rents and expenses available.

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