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420 78th Street, Miami Beach, FL 33141

$4,600,000

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https://www.propertypanorama.com/instaview/mia/A12003967

Property Type: Commercial Sale Square Footage: 7,821 Status: Active

Current Price: $4,600,000 List Date: 4/26/2026 Last Modified: 9/08/2026

Overview

Description

420 78th St is a 23-unit multifamily property located in the heart of North Beach, just steps from the ocean. The asset consists of 22 studio units and one 1-bedroom/1-bath unit within a 7,821 SF, three-story building, currently generating approximately $408,000 in gross income. The property is fully occupied, offering strong in-place cash flow with additional upside through future rent growth, making it an attractive investment opportunity in a high-demand rental market. Positioned in a prime beachside location, the property benefits from consistent tenant demand and is just minutes from major employment hubs, retail, and dining, as well as Downtown Miami. The offering also includes a highly attractive assumable loan through CBRE with an approximate $1.7M balance at a 3.18% interest rate, providing a significant financing advantage for a new owner.

Listing Details MLS# A12003967

General Property Information

Number Of Buildings: Yes
Property Sub Type: Multi Family
Occupant Type: Call Listing Agent
Building Area Main: 7821
Year Built: 1940
Lot Size Area: 5650
Lot Size Acres: 0.13

Property Features

Possession: Negotiable Property Condition: Resale Listing Terms: Assumable; Cash; Conventional; Other Sewer: Public Sewer Water Source: Public Showing Requirements: Call Listing Agent

Contract Information

Comp Sale YN: No
Original List Price: 4900000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 420
Street Name: 78th
Street Suffix: Street
City Name: Miami Beach
State Or Province: FL
Postal Code: 33141
Postal Code +4: 2091
Area: 2320
Parcel Number: 0232020070980
Subdivision Number: 7
Multiple Offers Accepted: Yes
Zoning: 3900
Flood Zone: AE

Financial Information

Tax Annual Amount: 62313
Tax Year: 2025
Tax Legal Description: ALTOS DEL MAR NO 3 PB 8-41 LOT 1 BLK 15 LOT SIZE 50.000 X 113 OR 19254-3638 0800 1 COC 22093-4819 02 2004 1

Status Change Information

Major Change Timestamp: 2026-05-20T18:38:30Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-05-20T18:38:30Z
Status Change Date: 2026-04-26

More Information

Price Calculations

Current Price To SqFt: 588.16

Section Details

Parcel Number MLX: 0980

Originating Details

Originating System Key: 457018648
Originating System ID: M00000151

Listing Office: Fausto Commercial Realty Consultants Inc

Last Updated: September - 08 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

420 78th Street, Miami Beach, FL 33141 (MLS# A12003967)