Active
4209 The Strand
MANHATTAN BEACH CA, 90266
$6,200,000
$2,591.97 per sqft
Active
5 Beds
4 Baths
2,392 sqft
Multi-family
Built in 1930
This might be the last time you see an oversized beachfront lot offered in beautiful Manhattan Beach at a price this low(less than 50% the price of lots on the south end of The Strand).4209 The Strand offers big development potential, plus two detached structures for immediate rental income. The front 3-bedroom, 2-bathroom house is operating as a licensed vacation rental, while the rear structure is leased long term. Nestled between them is a courtyard with three car parking. But 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 is among the larger single lots on The Strand: most are 5 shorter in depth. These distinctive features open the door to potentially building two generously sized condominiums, a prospect not possible on the majority of Strand properties. Past such developments have been configured either side-by-side or one above the other.Buyer to verify what can be developed.The recent sale of two condominiums on a similar size lot located a couple blocks to the south suggest the potential upside, fetching nearly $16 million combined (4016 The Strand $8.25M; 4018 The Strand $7.6M). Invest for long term appreciation.Or develop and sell one unit to subsidize your ownership of the other. Undergrounding of electric lines in the adjacent neighborhood further buttresses the rising value of this location. Seize this opportunity to blend development potential and reliable rental income on the world famous Strand in Manhattan Beach.
SB24179779MR
MLSⓇ ID
September 10, 2024
Listed
October 26, 2024
Updated
Map
4209 The Strand
MANHATTAN BEACH CA, 90266
Interior Features
Total Stories
2
Bedrooms
5
Total Bathrooms
4
Laundry Description
Laundry Area
Fireplace
No
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
44
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 |
---|---|---|
10/25/2024 | Price change | $6,200,000 -2% |
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 10/26/2024