$2,095,000
$205K PRICE DROP

Estimated payment $13,024/month

Total Views 6,235
3 Beds
3 Baths
1,262 Sq Ft
$1,660 Price per Sq Ft

Highlights

  • Laundry Room
  • Bike Trail
  • 4-minute walk to Bruce's Beach
  • Grand View Elementary School Rated A
  • 1-Story Property

About This Home

453 28th Street presents a rare triplex opportunity in the highly sought-after Sand Section of Manhattan Beach. Ideally situated just a short walk from the Strand, Bruce’s Beach, and all the dining and retail offerings of North Manhattan, this property offers incredible potential for both investors and owner-users alike.
The building features a desirable unit mix of (3) 1-bedroom, 1-bathroom units. Set on a compact 1,356 SF (30’x45’) lot, the 1,262 SF building includes a 1-car garage and is priced at $698,333/unit.
Whether you're looking to renovate and re-lease, secure a low-maintenance beachside asset, or live & own a great starter property with long term potential, 453 28th Street is a rare find just steps from the sand.

Listing Agent

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 3107801899 License #01717818 Listed on: 05/19/2025

Lyon Stahl Investment Real Estate, Inc.

Co-Listing Agent

Woody Stahl

Lyon Stahl Investment Real Est Brokerage Phone: 3107801899 License #01399621

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,451

Year Built

  • Built in 1942

Lot Details

  • 1,356 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 1 Open Parking Space
  • 1 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 1,262 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 183
  • Tax Tract Number 4861
  • Assessor Parcel Number 4176009022
  • $576 per year additional tax assessments

Community Details

Recreation

  • Bike Trail

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,578
  • Maintenance Expense $3,150
  • Other Expense $2,400
  • New Taxes Expense $24,037
  • Operating Expense $32,364
  • Gross Income $105,000
  • Net Operating Income $69,486

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,451

Year Built

Built in 1942

Lot Details

0

Parking

1

Listing Details

  • CapRate: 3.32
  • Price Per Unit: 698333
  • Property Attached: Yes
  • Zoning: MNRS
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 4176009022
  • Year Built: 1942
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 1660.06

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 1356.00
  • Lot Size Acres: 0.0311

Multi Family

  • Gross Income: 105000.00
  • Gross Multiplier: 19.95
  • Gross Operating Income: 101850.00
  • Gross Scheduled Income: 105000.00
  • Insurance Expense: 1578.00
  • Lot Size Area: 1356.0000 Square Feet
  • Maintenance Expense: 3150.00
  • Net Operating Income: 69486.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 32364.00
  • Other Expense: 2400.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 32364.00
  • Vacancy Allowance: 3150

Tax Info

  • New Taxes Expense: 24037.00
  • Tax Census Tract: 6203.05
  • Tax Lot: 183
  • Tax Tract Number: 4861
  • TaxOtherAnnualAssessmentAmount: 576.00

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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 $17,451 $1,535,639 $1,228,517 $307,122
2024 $17,451 $1,505,529 $1,204,429 $301,100
2023 $17,002 $1,476,010 $1,180,813 $295,197
2022 $16,713 $2,365,150 $2,260,033 $105,117
2021 $14,403 $1,229,907 $904,827 $325,080
2020 $14,273 $1,217,612 $895,550 $322,062
2019 $14,023 $1,193,745 $877,991 $315,754
2018 $13,755 $1,170,345 $860,776 $309,569
2016 $12,799 $1,131,767 $905,416 $226,351
2015 $12,536 $1,114,767 $891,816 $222,951
2014 $12,375 $1,092,931 $874,347 $218,584
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2025 07/16/25 Price Changed $2,095,000 -4.8% $1,660 / Sq Ft
06/17/2025 06/17/25 Price Changed $2,200,000 -4.3% $1,743 / Sq Ft
05/19/2025 05/19/25 For Sale $2,300,000 -- $1,823 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Available
Grant Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $925,000 Lawyers Title Company
Grant Deed $540,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $137,583 Unknown
Previous Owner $740,000 Purchase Money Mortgage
Previous Owner $150,000 Credit Line Revolving
Previous Owner $499,000 Unknown
Previous Owner $150,000 Credit Line Revolving
Previous Owner $499,300 Unknown
Previous Owner $421,000 Unknown
Previous Owner $150,000 Credit Line Revolving
Previous Owner $424,000 Unknown
Previous Owner $60,500 Unknown
Previous Owner $425,400 No Value Available
Source: Public Records

Similar Homes in the area

  • 217 43rd St, Manhattan Beach, CA 90266

    $2,400,000

    • 3 Beds
    • 3 Baths
    • 1,368 Sq Ft
    • 217 43rd St
    • Manhattan Beach, CA

    217 43rd Street is a beautifully updated ocean view duplex located west of Highland in the heart of El Porto, one of the most vibrant and desirable neighborhoods in Manhattan Beach’s Sand Section. Situated on a 30’x45’ half lot, this pride-of-ownership property offers the rare opportunity to own a turn-key asset in one of the most sought-after communities in Los Angeles.The 1,368 square foot

    Woody Stahl Lyon Stahl Investment Real Est

    Section Image
  • 1406 17th St, Manhattan Beach, CA 90266

    $1,995,000

    • 4 Beds
    • 2 Baths
    • 1,440 Sq Ft
    • 1406 17th St
    • Manhattan Beach, CA

    Introducing a rare and exceptional single level duplex in the highly sought-after neighborhood of East Manhattan Beach, just over a mile from the ocean. This property offers remarkable long-term income potential and exciting development opportunities. The duplex features two beautifully updated, turnkey 2-bedroom, 1-bathroom units, each with its own private outdoor space and an attached 2-car

    Patrick Sweeney The CREM Group

    Section Image
  • 508 30th St, Hermosa Beach, CA 90254

    $2,064,500

    • 3 Beds
    • 2 Baths
    • 1,626 Sq Ft
    • 508 30th St
    • Hermosa Beach, CA

    FIRST TIME ON MARKET OVER 50 YEARS!!!! Fantastic location in North Hermosa Sand Section...4 short blocks to beach...midway between Hermosa & Manhatten Beach piers..walking distance to wide selection of quaint restaurants/bars/shops....around corner from the wonderful 8.75 acre Valley park with lots of amenities.....play equipment for kids of all ages, numerous picnic tables, barbecue grills,

    Dave Stockton National Realty Group

    Section Image
  • 1906 Plant Ave, Redondo Beach, CA 90278

    $1,595,000

    • 4 Beds
    • 2 Baths
    • 1,846 Sq Ft
    • 1906 Plant Ave
    • Redondo Beach, CA

    Incredible opportunity to own a charming duplex in North Redondo Beach, just 1 block from Manhattan Beach! This unique property features two 2-bed, 1-bath units, each with their own private outdoor spaces and tasteful updates throughout. The back unit has been remodeled, showcasing a modern kitchen with new cabinets, updated hardwood floors, a refreshed bathroom, and wall AC unit—offering comfort

    Neetu Gillespie REMAX AEGIS

    Section Image

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25109477

California Regional Multiple Listing Service (CRMLS)

APN: 4176-009-022