Active
4210 The Strand
Manhattan Beach CA, 90266
$6,499,000
$2,716.97 per sqft
Active
2,392 sqft
Multi-family
Built in 1930
Listed by Shawn Dugan with Strand Hill Properties 310-545-0707
Attention investors, owner-users & developers... Welcome to your future beachfront investment opportunity! This legal duplex, sitting on a spacious 3,505 sq.ft. lot, is not just a property; it's a canvas for your vision. Unlike properties with 3 or more units, this gem can be fully developed to unlock its potential. Seller may carry paper on the sale.
The front 3-bedroom, 2-bathroom house, operating as a licensed vacation rental, consistently yields an average monthly income of $15,600, while the rear structure is leased at $5,600 per month. Nestled between them is a courtyard, offering parking for three cars.
What sets this property apart is the rare combination of Residential High Density Zoning and a larger lot size. The lot, measuring 33' x 105', surpasses the size of lots on the South Manhattan Strand, which are characterized by 100' depth. These distinctive features open the door to building two condominiums (stacked or side-by-side), a prospect that sets it apart from most properties on The Strand. Look no further than the recent sale of two condos on the same size lot located a couple blocks to the south, fetching nearly $16 million combined, and spanning appx. 7,000 sq.ft. (4016 The Strand $8.25M; 4018 The Strand $7.6M). Develop and sell one unit to subsidize your ownership of the other. Or you can build an even larger single family home + ADU. Buyer to verify with City.
Perched atop a world-renowned surfing beach, this property not only promises a solid investment but also convenience with easy access to LAX and the West Side. Take a leisurely 5-minute stroll to enjoy the restaurants and cafes of the North End or hop on a bike for a quick 7-minute ride to the iconic Manhattan Beach Pier, surrounded by some of the South Bay's finest shopping and dining experiences. Undergrounding of electric lines in the adjacent neighborhood further buttresses the rising value of this location. Seize this opportunity to blend development potential, reliable rental income, and the laid-back coastal lifestyle you've been dreaming of.
SB23226413
MLSⓇ ID
December 9, 2023
Listed
May 9, 2024
Updated
Map
4210 The Strand
Manhattan Beach CA, 90266
Interior Features
Total Stories
2
Interior Features
Balcony, Bedroom on Main Level
Laundry Description
Common Area
Fireplace
Yes
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
No
Exterior/Building Features
Lot Size
0.08 Acres
Lot Features
Gentle Sloping
Sewer
Public Sewer
Other Property Details
Area Name
142 - Manhattan Bch Sand
Days on Market
146
Garage
No
Parking
Driveway, On Site, Uncovered
Parking Total
3
View
Yes
View Description
Catalina, City Lights, Coastline, Ocean, Panoramic, Pier, Water
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Waterfront
Yes
Zoning
MNRH
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
---|---|---|
5/9/2024 | Price Change | $6,499,000 -4% |
Listing Contact: 310-545-0707
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/9/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 5/9/2024 at 9:13 PM UTC