Active
4209 The Strand
Manhattan Beach CA, 90266
$6,300,000
$2,633.78 per sqft
Active
2,392 sqft
Multi-family
Built in 1930
Listed by Shawn Dugan with Strand Hill Properties [email protected]
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.
SB24179779
MLSⓇ ID
September 11, 2024
Listed
October 4, 2024
Updated
Map
4209 The Strand
Manhattan Beach CA, 90266
Interior Features
Total Stories
2
Interior Features
Balcony, Bedroom on Main Level
Laundry Description
Common Area
Fireplace
No
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
1
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
Listing Contact: 310-545-0707
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/4/2024. 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.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 10/4/2024 at 2:06 AM UTC