4210 The Strand, Manhattan Beach CA, 90266
(Active)
$6,499,000
|
5 beds, 2 Full/2 Three-Qtr baths, 2,392 sqft
|
MLS# SB23221862
Last Updated: 5/4/2024 9:01 AM
Description for
4210 The Strand
Manhattan Beach, CA 90266
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.
Price
$6,499,000
Los Angeles
5
2 Full/2 Three-Qtr
2,392 (approx)
SB23221862
Active
Description
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.
Listing Information
| Property Type: Single Family, Duplex, Multi-Family, 2 Story | ||
| 5 | 2 Full/2 Three-Qtr | |
| 0.08 Acres | Assessor | 2,392 (approx) |
| 1930 | 2 | |
Public
Public Sewer
Neighborhood
School Information
| District: Manhattan Unified | ||
| Manhattan Beach | Mira Costa | |
Room Information
| Bathrooms: Main Level: 1 | |||
| 2 | 2 | ||
Main Level: 1, Total: 5
Common Area
Interior Features
None
No Common Walls
Sliding Doors
The Strand
None
Balcony,Bedroom on Main Level
Exterior / Lot Features
3 Parking Spaces,
0 Covered Parking Spaces,
Driveway,On Site,Uncovered
None
Above Ground
Ocean, Panoramic, Water, City
MNRH
Gentle Sloping
Driving Directions
From the Pacific Ocean, look east.
Financial Considerations
| 4137007030 |
Cash,Cash to New Loan,Conventional,Owner Will Carry
Listing Price History
Manhattan Beach Real Estate
Manhattan Beach is located in California. Manhattan Beach, California 90266 has a population of 34,508.
The median household income in Manhattan Beach, California 90266 is $161,531. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Manhattan Beach 90266 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 2/10/2024 | Active | $6,499,000 USD -3.72% |
|
| 12/10/2023 | Active | $6,750,000 USD |
|