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Back 124 11th Street
Off Market

124 11th Street

Manhattan Beach CA 90266

4
3966 sq. ft.
2711 sq. ft.
Other
Last sold for $5,725,000
Sasha RahbanSasha Rahban, last sold this property on 01 June 2022 after -9 days on market.

Overview

We are proud to present 124 11th Street, a 4-unit mixed use asset located in the heart of downtown Manhattan Beach. One of the most desirable locations in all of Manhattan Beach, 124 11th Street is just steps from the ocean, Manhattan Beach Pier, and some of the hottest restaurants, shops and nightlife within walking distance. The residential units offers spectacular ocean views as they overlook the Manhattan Beach pier, sand and ocean waves. Built in 1946, the property has a great unit mix of three (3) residential units with ocean views and one (1) ground floor retail space which is located near the hottest retail spaces in the area. The apartment units consist of (1) two-bedroom, two-bathroom and (2) one-bedroom/ one-bathroom units. The property has undergone recent improvements including a new roof (Installed in 2020). Upon entering this property, you will find two separate entrances to two ground floor retail spaces which combine to 1 retail/office space. Perfect for an OWNER/USER. The property currently has 3 of the 4 units vacant, with the remaining tenant willing to move out with 60 day notice. This investment provides the perfect opportunity for an owner/user to occupy one of the magnificent ocean view apartment units and/or occupying the RETAIL/OFFICE space and renting out the other units for passive income. This is a trophy property that rarely hits the market. This iconic building in prime Downtown Manhattan Beach would be a prized asset in any investors real estate portfolio! Offering Memorandum can be provided upon request.

Features

4 carspaces
1 garage space
3966 sq. ft. floor area
2711 sq. ft. lot size
Other

Estimated Value

Based on this property and similar other properties sold in Manhattan Beach over the last 12 months, the estimated median property value of 124 11th Street is $3.33m.

Median value
$3.33m
Estimated value range
$1.85m - $5.75m
Median days on market
128
Estimated value trend
-7%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Manhattan Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 124 11th Street

2022
Sold
$5,725,000
01 Jun 2022 by Sasha Rahban, of SaraVita Properties Inc

Happy sellers in Manhattan Beach

52%
52% of sellers in Manhattan Beach reported that their sale price either exceeded or met their price expectations.

Manhattan Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Manhattan Beach over the last 12 months.

Local market activity for other properties in Manhattan Beach

In the last 12 months, 5 other properties similar to 124 11th Street, have been sold.

This represents a 66% decrease in other properties sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Manhattan Beach

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Kristen Novoa

Kristen Novoa is a recommended agent for Manhattan Beach.  They have 6 local sales and collected 1 local review across the last 12 months.

  •   5   (2 reviews)
  •  1 Review in Manhattan Beach
  •  6 Sales in Manhattan Beach
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Karen Lowe

Karen Lowe is a recommended agent for Manhattan Beach.  They have 2 local sales and collected 1 local review across the last 12 months.

  •   5   (1 review)
  •  1 Review in Manhattan Beach
  •  2 Sales in Manhattan Beach
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Christopher Plank

Christopher Plank is a recommended agent for Manhattan Beach.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (6 reviews)
  •  1 Review in Manhattan Beach
  •  1 Sale in Manhattan Beach
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Clara Baum

Clara Baum is a recommended agent for Manhattan Beach.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (6 reviews)
  •  1 Review in Manhattan Beach
  •  1 Sale in Manhattan Beach
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