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

 

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