Manhattan Beach, CA 90266 1818 12th Street

1818 12th Street Manhattan Beach, CA - Image 11818 12th Street Manhattan Beach, CA - Image 21818 12th Street Manhattan Beach, CA - Image 3
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1818 12th Street Manhattan Beach, CA - Image 41818 12th Street Manhattan Beach, CA - Image 51818 12th Street Manhattan Beach, CA - Image 61818 12th Street Manhattan Beach, CA - Image 71818 12th Street Manhattan Beach, CA - Image 8
Presented By: Michael Miller with Inland Pacific Management Company; 310-376-9824
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# SB25044919
  • 02/28/2025
  • Request Tour
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 10
  • Baths • 5
  • SQFT • 3,192

Home Details

Prime Investment Opportunity in Manhattan Beach, CA Welcome to this exceptional 5-unit apartment building located in the heart of Manhattan Beach, CA. This property offers a unique investment opportunity in one of the most sought-after coastal communities in Southern California. Property Highlights: Unit Details: Each of the five units boasts approximately 550 sqft (buyer to verify) of well-designed living space, featuring 2 bedrooms and 1 bathroom. Modern Amenities: All units have been tastefully remodeled and come equipped with a stove, dishwasher, microwave, and refrigerator, ensuring a comfortable and convenient living experience for tenants. Parking: Each unit includes one carport space, providing secure and accessible parking. Laundry: The building offers a coin-operated laundry facility, adding an extra layer of convenience for residents. Location Benefits: Award-Winning School District: Manhattan Beach is renowned for its top-rated schools. Beautiful Beaches: Enjoy the stunning beaches just a short distance away, perfect for relaxation and recreation. Vibrant Downtown: The property is conveniently located a short drive to downtown Manhattan Beach, offering a variety of shops, dining options, and entertainment venues. This property is a fantastic opportunity for investors looking to capitalize on the high demand for rental units in Manhattan Beach. Don't miss out on this chance to own a piece of prime real estate in a thriving community.
Presented By: Michael Miller with Inland Pacific Management Company; 310-376-9824

Interior Features for 1818 12th Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesBath, Gas, Kitchen, LivingRoom
Fireplace Y/NYes
Heating Y/NYes
Interior AmenitiesStorage
Laundry FeaturesInCarport
Total Stories2

Other Rooms

Entry Level1

General for 1818 12th Street

AccessibilityNone
Additional Parcels Y/NNo
AppliancesDishwasher, FreeStandingRange, Disposal, Microwave, Refrigerator
Architectural StyleTraditional
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces5.0
Carport Y/NYes
CityManhattan Beach
Community FeaturesCurbs, Park, StreetLights, Suburban, Sidewalks
Construction MaterialsStucco, CopperPlumbing
CoolingNone
CountyLos Angeles
Current FinancingConventional
DirectionsWest of Aviation Blvd. North of Manhattan Beach Blvd.
ElectricStandard
Electric Expense660.0
Electric On Property Y/NNo
Entry Locationfront
Fuel Expense1050.0
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense2316.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet4124.0
Lot Size UnitsSquareFeet
MLS Area146 - Manhattan Bch Heights/Lib Vlg
MaintenanceExpense17091.0
MobileHomeRemainsYNNo
Net Operating Income100909.0
New ConstructionNo
Number Of Units Total5
Open Parking Spaces0.0
Operating Expense41500.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofAsphalt
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot14
Tax Year2024
Taxes$33,510
Tenant PaysElectricity, Gas
Trash Expense3000.0
UtilitiesNaturalGasConnected, SewerConnected, WaterConnected
ViewNone
Water Sewer Expense2896.0
Waterfront Y/NNo
Year Built1957
Year Built SourceAssessor
ZoningMNRH

Exterior for 1818 12th Street

Building Area Total3192.0
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.0947
Lot Size Area4124.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned, Carport
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking5.0

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $3,000,000
MLS#SB25044919
List Date 02/28/2025
Property Type Multi-Family
Phone 714.742.6515
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