Property Detail

Description

1826-1828 12th Street presents a rare opportunity to acquire a 10-unit multifamily property in a desirable Manhattan Beach location. The property features an attractive unit mix consisting entirely of 2-bed/1-bath units across two buildings totaling approximately 6,384 square feet on an 8,254 square foot lot. The property offers immediate upside and nearly all occupied units are eligible for the maximum allowable rent increase under AB 1482. Six of the ten units have undergone various renovations, and ownership has completed several building improvements since 2023, including a full roof repair, new subpanels, and SB 721 compliance. Additional amenities include on-site parking and laundry facilities, with in-unit laundry in three units. Located within walking distance of Trader Joe’s and minutes from Polliwog Park, Manhattan Beach Middle School, and the Redondo Beach Performing Arts Center, the property offers investors a compelling combination of location, immediate upside, and long-term value.