Melissa Okabe
Alta Properties
(562) 568-9373
29 Total Sales
2 in Manhattan Beach
$4,500,000 Price Range
117 Eighth St Manhattan Beach, CA 90266
Manhattan Beach Area
6
Beds
7
Baths
3,614
Sq Ft
2,701
Sq Ft Lot
Highlights
- Ocean View
- No HOA
- Wall Furnace
About This Home
As of April 2025Prime Investment Opportunity 7-Unit Coastal Gem in Manhattan Beach. Located just steps from the sand and surf, this exceptional seven-unit property in Manhattan Beach offers an unbeatable location on the highly sought-after walk streets, west of Highland Avenue. Just south of the Manhattan Beach Pier and the vibrant downtown Manhattan Beach scene, this Strand-adjacent building is the perfect opportunity for investors seeking strong rental demand in one of Southern California’s most desirable beachfront communities. This well-maintained property features six spacious 1-bedroom, 1-bathroom units and 1 charming studio apartment, all designed to capture the relaxed coastal lifestyle that makes Manhattan Beach so special. Tenants will enjoy the convenience of being just a few blocks from world-class dining, boutique shopping, coffee shops, and the iconic Manhattan Beach Strand, where breathtaking ocean views and beachside living define the neighborhood’s appeal.
With an unbeatable location, strong rental upside, and the endless appeal of Manhattan Beach living, this rare multi-unit offering presents an incredible opportunity for investors or owner-users looking to capitalize on prime coastal real estate. Don’t miss your chance to own a piece of this prestigious beachside community!
Last Agent to Sell the Property
Pierside Realty, Inc. Brokerage Phone: 310-991-0266 License #00479473 Listed on: 03/06/2025
Co-Listed By
eXp Realty of California Inc Brokerage Phone: 310-991-0266 License #01198999
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920
Lot Details
- 2,701 Sq Ft Lot
- Two or More Common Walls
Parking
- 4 Car Garage
- Parking Available
- Parking Lot
Home Design
- Property Attached
- Entry on the 1st floor
- Flat Roof Shape
Interior Spaces
- 3,614 Sq Ft Home
- 2-Story Property
- Ocean Views
Bedrooms and Bathrooms
- 6 Bedrooms
- 7 Bathrooms
Utilities
- Wall Furnace
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV
- Legal Lot and Block 7 / 9
- Assessor Parcel Number 4179014006
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 7 Units
Building Details
- 7 Leased Units
- Rent Control
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 6, 2025
Closed on
Apr 2, 2025
Sold by
Bought by
Seller's Agent
William Herman
Pierside Realty, Inc.
Buyer's Agent
Sera Najarian
Douglas Elliman of California, Inc
List Price
$4,750,000
Sold Price
$4,500,000
Premium/Discount to List
-$250,000
-5.26%
Views
18
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Outstanding Balance
$2,958,921
Interest Rate
6.65%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 13, 2007
Sold by
Bought by
Purchase Details
Closed on
Feb 6, 1996
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Manhattan Beach, CA
-
Melissa Okabe
-
Audrey Judson
Audrey Judson
Pacifica Properties Group, Inc.
(424) 310-1086
47 Total Sales
22 in Manhattan Beach
$1.9M - $6.1M Price Range
-
Joseph McMahon
Joseph McMahon
Keller Williams Realty
(424) 396-1573
9 Total Sales
1 in Manhattan Beach
$5,200,000 Price
-
Linda Cottone
Linda Cottone
eXp Realty of California, Inc.
(424) 375-6846
64 Total Sales
1 in Manhattan Beach
$2,140,000 Price
-
Lauren Perreault
Lauren Perreault
Fiv Realty
(360) 803-3358
51 Total Sales
1 in Manhattan Beach
$5,100,000 Price
-
Daniel DeForest
Daniel DeForest
First Team Real Estate
(657) 300-5786
163 Total Sales
2 in Manhattan Beach
$3,130,000 Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $4,500,000 | Upward Title Company | ||
| -- | None Available | ||
| $677,000 | Southland Title Corporation |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $3,000,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/24/2025 04/24/25 | Sold | $4,500,000 | -5.3% | $1,245 / Sq Ft |
| 03/06/2025 03/06/25 | For Sale | $4,750,000 | -- | $1,314 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,052 | $1,124,662 | $765,841 | $358,821 |
| 2024 | $13,838 | $1,102,611 | $750,825 | $351,786 |
| 2023 | $13,458 | $1,080,992 | $736,103 | $344,889 |
| 2022 | $13,245 | $1,059,797 | $721,670 | $338,127 |
| 2021 | $13,278 | $1,039,018 | $707,520 | $331,498 |
| 2019 | $12,949 | $1,009,252 | $686,536 | $322,716 |
| 2018 | $12,700 | $989,484 | $673,075 | $316,409 |
| 2016 | $11,648 | $950,054 | $646,940 | $303,114 |
| 2015 | $11,421 | $935,784 | $637,223 | $298,561 |
| 2014 | $11,314 | $917,454 | $624,741 | $292,713 |
Source: Public Records
Agents Affiliated with this Home
-
William Herman
W
Seller's Agent in 2025
William Herman
Pierside Realty, Inc.
(310) 376-1112
14 Total Sales
-
David Caskey
Seller Co-Listing Agent in 2025
David Caskey
eXp Realty of California Inc
(310) 200-1960
268 Total Sales
-
Sera Najarian
Buyer's Agent in 2025
Sera Najarian
Douglas Elliman of California, Inc
(310) 403-2200
10 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25049784
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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