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125 9th Street, Manhattan Beach, California 90266, Manhattan Beach, 90266 - bed, bath

125 9th Street, Manhattan Beach, California 90266 home-pic-0
ACTIVE$5,900,000
125 9th Street, Manhattan Beach, California 90266
0Bed
0Bath
2,316Sqft
2,704Lot
Year Built
1948
Close
-
List price
$5.9M
Original List price
$5.9M
Price/Sqft
$2,547
HOA
-
Days on market
-
Sold On
-
MLS number
SB25010390
Home ConditionFair
Features
Excellent View: Ocean
Deck
Patio
ViewOcean

About this home

We found 3 Cons,5 Pros. Rank: price - $5.90M(82th), sqft - 2316(82th), beds - undefined(50th), baths - undefined(50th).

Rare opportunity to own a Triplex in the 100 block (Strand Adjacent) of a highly coveted South Manhattan Beach Walk Street. This highly desirous property consists of three updated units (each two bedroom and one bathroom) and is always in demand. Ideally located just steps from the Strand, and downtown Manhattan Beach, this prime walk street location is perfect for soaking in the Southern California lifestyle. Whether you are playing volleyball on the beach, shopping at local boutiques, or heading out for dinner, you can leave your car in the garage as everything is just around the corner. Hurry, this will not last. There just aren't many of these amazing properties left.

Nearby schools

9/10
Opal Robinson Elementary School
Public,•K-5•0.4mi
9/10
Grand View Elementary School
Public,•K-5•0.8mi
10/10
Hermosa View Elementary School
Public,•K-3•1.5mi
8/10
Hermosa Valley Elementary School
Public,•4-8•1.4mi
9/10
Manhattan Beach Middle School
Public,•6-8•1.6mi
9/10
Mira Costa High School
Public,•9-12•1.4mi

Price History

Date
Event
Price
01/15/25
Listing
$5,900,000
08/01/14
Sold
$4,250,000
Condition Rating
Fair
Built in 1948, this triplex features units described as 'updated.' While the property appears clean and well-maintained with hardwood floors in living areas, the kitchen and bathroom show significant signs of being outdated. The kitchen features older white appliances, traditional white cabinets, and dated tile flooring. The bathroom has an older-style vanity light fixture and tile, despite a more modern-looking countertop. These elements suggest that any 'updates' were likely done 15-30 years ago, focusing on functionality and upkeep rather than modern aesthetic renovations. The property is functional and livable but requires substantial cosmetic updates to meet current standards.
Pros & Cons

Pros

Unparalleled Location: Situated in the highly coveted '100 block' of a South Manhattan Beach Walk Street, this property is steps from the Strand and downtown, offering an exceptional coastal lifestyle.
Income-Generating Triplex: As a triplex with three updated 2-bedroom, 1-bathroom units, it provides immediate rental income and strong investment potential in a high-demand area.
Ocean View: The property boasts an ocean view, a premium feature that significantly enhances its desirability and long-term value in the Manhattan Beach market.
Scarcity and Demand: Described as a 'rare opportunity' with 'not many of these amazing properties left,' indicating high demand and limited supply, which drives appreciation.
Exceptional Walkability: Its prime walk street location allows residents to easily access the beach, local boutiques, and dining, promoting a car-free, desirable Southern California lifestyle.

Cons

Age of Building: Built in 1948, while units are updated, the underlying structure and core systems may require significant future capital expenditures beyond cosmetic renovations.
Limited Lot Size: The 2,704 sqft lot is relatively small for a triplex, potentially limiting outdoor space for tenants or future expansion possibilities without extensive redevelopment.
High Price Point: The $5.9 million list price, while justified by location, creates a high barrier to entry and significantly narrows the pool of potential buyers.

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