4209 The Strand
Manhattan Beach, CA 90266
2392 sqft | 5 beds | 3.5 baths | 0.08 acres | #SB24179773
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.
Property Details
- ViewCatalina, CityLights, Coastline, Ocean, Panoramic, Pier, Water
- InteriorBalcony, BedroomOnMainLevel
- School DistrictManhattan Unified
- Lot DescriptionGentleSloping
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$6,300,000
- MLS #SB24179773
- MLS #SB24179773
- Property TypePurchase
- Cost6200000
- Acres0.0805
- Utility SourcePublic
- Property SubtypeDuplex
- Structure TypeDuplex
- Square Feet2392
- Year Built1930
- Bathrooms3.5
- Bedrooms5
- Full Baths2
- 3/4 Baths2
- Stories2
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Shawn Dugan (#SDUGASHA)
Listing Office: Strand Hill Properties (#sb1310590)
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.
