Active
4210 The Strand
MANHATTAN BEACH CA, 90266
$6,499,000
$2,716.97 per sqft
Active
5 Beds
4 Baths
2,392 sqft
Residential
Built in 1930
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 lifestyleyou've been dreaming of.
SB23226413MR
MLSⓇ ID
December 9, 2023
Listed
May 9, 2024
Updated
Map
4210 The Strand
MANHATTAN BEACH CA, 90266
Interior Features
Total Stories
2
Bedrooms
5
Total Bathrooms
4
Laundry Description
Laundry Area
Fireplace
Yes
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
No
Exterior/Building Features
Lot Size
0.08 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Manhattan Beach Sand
Days on Market
146
Garage
No
Parking
Driveway, Uncovered
Parking Total
3
View
Yes
View Description
Catalina, City Lights, Coastline, Ocean, Panoramic, Pier, Water, White Water
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
MNRH
Listing History
Date | Event | Price |
---|---|---|
5/9/2024 | Price Change | $6,499,000 -4% |
Listed by Shawn Dugan with Strand Hill Properties
Listing Contact: 310-265-3428
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor The Di Prizito Group, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 5/9/2024