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4209 The Strand

Manhattan Beach, CA 90266
  • $6,200,000
  • STATUS: Active
  • ON SITE: 61 Days
  • ID#: SB24179773
UPDATED: 187 min ago
$6,200,000
  • 5
    BEDS
  • 0.08
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,392
    SQFT
  • $2,592
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1930
County:

School Ratings & Info

School District:
Listing Agent(s): Shawn Dugan of Strand Hill Properties (310-545-0707)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-11T00:27:07.947. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker. Licensed in the State of California, USA.
www.socalrealestatelistings.com/homes/154994670
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4209 The Strand Manhattan Beach, CA 90266

  • Price: $6,200,000
  • Status: Active
  • On Site: 61 Days
  • Updated: 187 min ago
  • ID#: SB24179773
5
Beds
4
Baths
0
½ Baths
0.08
Acres
2,392
SQFT
$2,592
$/SQFT
1930
Built
Neighborhood:
142 - Manhattan Bch Sand
County:
Los Angeles
Area:
142 - Manhattan Bch Sand
School District:
Manhattan Unified
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 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.
Exterior Features

Direction Faces West Entry Level 1 Entry Location The Strand Lot Features Gentle Sloping Open Parking Spaces 3 Other Structures Two On A Lot Parking Features DrivewayOn SiteUncovered Parking Total 3 Pool Features None Pool Private YN No Property Attached YN No Sign On Property YN Yes Spa Features Above Ground Spa YN Yes View CatalinaCity LightsCoastlineOceanPanoramicPierWater View YN Yes Waterfront Features Beach AccessBeach FrontOcean AccessOcean FrontOcean Side Of FreewayOcean Side Of Highway

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Door Features Sliding Doors Fireplace Features None Fireplace YN No Interior Features BalconyBedroom on Main Level Main Level Bathrooms 1 Main Level Bedrooms 1

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Street LightsSidewalks Garage YN No Land Lease YN No Laundry Features Common Area Lease Considered YN No Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional New Construction YN No Number Of Units In Community 2 Property Sub Type Duplex Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type Duplex Water Source Public Zoning MNRH



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-11T00:27:07.947. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker. Licensed in the State of California, USA.
 
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Coldwell Banker
19440 Goldenwest St
Huntington Beach CA, 92648
Listing Agent(s): Shawn Dugan of Strand Hill Properties (310-545-0707)