Active

4210 The Strand

Manhattan Beach CA, 90266

$6,750,000


$2,821.91 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

February 18, 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

64


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 Contact: 310-545-0707 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/18/2024. 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 2/18/2024 at 1:39 AM UTC

 

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