Active

4210 The Strand

MANHATTAN BEACH CA, 90266

$6,499,000


$2,716.97 per sqft

Active

5 Beds

3.5 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 is operating as a licensed vacation rental yielding 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 is among the larger of lot sizes on The Strand (most others measure 100' in depth). These distinctive features open the door to building two sizeable condominiums (one above the other or side-by-side), a prospect not possible on the majority of Strand properties. 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.

SB23221862MR

MLS ID

December 10, 2023

Listed

April 18, 2024

Updated

Map

4210 The Strand
MANHATTAN BEACH CA, 90266

Interior Features

Total Stories

2


Bedrooms

5 Beds


Bathrooms

3.5 Baths


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

School Information

School District

Manhattan Unified

Other Property Details

Area Name

Manhattan Beach Sand


Days on Market

129


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

2/11/2024

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 True Story Realty 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 4/18/2024

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