$6,300,000
For Sale

4209 The Strand

Manhattan Beach, CA 90266
2392 sqft | 5 beds | 3.5 baths | 0.08 acres | #SB24179773
Listing OfficeStrand Hill Properties
Browse 3 photos
Type:Purchase
Structure:Townhouse
Zone:Residential

Description

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.

  • Interior Details
      • InteriorBalcony, BedroomonMainLevel
    • Beds & Baths
      • Bathrooms3.5
      • Bedrooms5
      • Full Baths2
      • 3/4 Baths2
  • Property Details
      • ViewCatalina, CityLights, Coastline, Ocean, Panoramic, Pier, Water
      • Lot DescriptionGentleSloping
      • Stories2
    • Measurements
      • Acres0.0805
      • Square Feet2392
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1930
  • Utilities / Energy Details
      • Sewer InformationPublicSewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • School DistrictManhattan Unified
      • CountyLos Angeles
  • Financial Details
      • Original List Price$6,300,000
  • Other
      • MLS #SB24179773

Location

Gary ElminoufiReal Estate Group
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years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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