$6,300,000
4209 The Strand Manhattan Beach, CA 90266
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Listed by Shawn Dugan • Strand Hill Properties
$6,300,000
Est. payment /mo
2,392 SqFt
Active
4209 The Strand Manhattan Beach, CA 90266
UPDATED:
09/12/2024 09:03 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,392 sqft
Price per Sqft $2,633
MLS Listing ID CRSB24179779
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1930
Lot Size 3,505 Sqft
Property 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 subs
Location
State CA
County Los Angeles
Interior
Cooling No Air Conditioning
Fireplace No
Laundry Common Area
Exterior
View City Lights, Panoramic, Water, Other, Ocean
Parking Type Other, Uncovered Parking Space
Building
Lot Description Other
Water Public
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