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125 9th Street, Manhattan Beach, California 90266, Manhattan Beach, 90266 - 6 bed, 3 bath

125 9th Street, Manhattan Beach, California 90266 home-pic-0
ACTIVE$5,900,000
125 9th Street, Manhattan Beach, California 90266
6Beds
3Baths
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
SB25010397
Home ConditionFair
Features
Excellent View: Ocean
Patio
ViewOcean

About this home

We found 3 Cons,5 Pros. Rank: price - $5.90M(82th), sqft - 2316(82th), beds - 6(82th), baths - 3(64th).

Only 3 Houses from the Strand!! 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. ***Looking to Build? See the conceptual design photos for an idea of what could potentially be built. Listing agent makes no claims as to development potential and buyer should independently verify***

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 'updated units,' but the visual evidence suggests these updates are significantly dated, likely 15-30 years old. The kitchen has very old-fashioned tile countertops and older white appliances, while the bathroom features dated vanity lighting and floor tiles. The property appears well-maintained and functional, but requires substantial cosmetic renovations in key areas like the kitchen and bathrooms to meet current market standards. The inclusion of conceptual new build plans further indicates that while livable, its primary value lies in redevelopment potential rather than the existing structure's modern appeal.
Pros & Cons

Pros

Exceptional Coastal Location: Unbeatable proximity to The Strand (3 houses away) and downtown Manhattan Beach, situated on a highly coveted walk street, offering unparalleled access to the beach and amenities.
Income-Generating Triplex: A rare opportunity to acquire a multi-unit property with three updated 2-bedroom, 1-bathroom units, ensuring consistent rental demand and immediate cash flow in a prime market.
Ocean Views: The property boasts desirable ocean views, significantly enhancing its appeal, market value, and the lifestyle it offers.
Unparalleled Walkability: Enjoy a true Southern California lifestyle with effortless walking access to the beach, shops, restaurants, and entertainment, making a car largely unnecessary for daily activities.
Significant Redevelopment Potential: The property offers a unique opportunity for future redevelopment into a luxury single-family residence, maximizing its prime location and long-term investment value.

Cons

Premium Price Point: The high list price of $5.9 million places it in a very exclusive market segment, narrowing the potential buyer pool to ultra-high-net-worth individuals or developers.
Older Construction: Built in 1948, the property's age, despite reported updates, may present challenges or higher costs for long-term maintenance or extensive modernization beyond the current unit updates.
Limited Lot Size for New Construction: While the location is superb, the 2,704 sqft lot size is relatively modest for a high-end new build in Manhattan Beach, potentially restricting the scale and footprint of a future luxury home.

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