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Home For Sale
4210 The Strand
Manhattan Beach, California 90266
Los Angeles CountyBeachfront:
Yes Ocean View: YesCommunity:
$6,750,000
5 br, 4.0 bath
2392 sq. ft.
0.080 acres
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, operating as a licensed vacation rental, consistently yields 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', surpasses the size of lots on the South Manhattan Strand, which are characterized by 100' depth. These distinctive features open the door to building two condominiums (stacked or side-by-side), a prospect that sets it apart from most properties on The Strand. 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 lifestyle you've been dreaming of.
Interior:
- Bedrooms: 5
- Baths: 4.0
- Sq Ft: 2392
- Year Built: 1930
- Utilities:
- Fireplaces:
- Stories: 2.0
- Heat/AC:
- Garage:
Exterior:
- Lot Size: 0.080 acre
- Lot Dimensions:
- Beachfront: Yes
- View Types: City, Ocean, Panorama, Water
- Yard:
- Siding:
- Roof: Unknown
- MLS #: SB23226413
Ad Number: 4451395
Viewed 162 times.
Updated: Apr 18, 2024
This property is a Home located at 4210 The Strand, Manhattan Beach, California 90266, and is currently For Sale at $6,750,000. This Home has 5 bedrooms, 4.0 baths, 2392 sq ft.
Listing Agent: Shawn Dugan, Strand Hill Properties, 310-265-3428, 310-545-0707
Listing Site, Listing Status: Active
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