$ 6,200,000
4209 The Strand Manhattan Beach, CA 90266
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$ 6,200,000
Est. payment /mo
Price Dropped by $100K
4209 The Strand Manhattan Beach, CA 90266
5 Beds
4 Baths
2,392 SqFt
UPDATED:
10/25/2024 10:49 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 $2,591
MLS Listing ID CRSB24179773
Bedrooms 5
Full Baths 4
Originating Board California Regional MLS
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 subsidize y
Location
State CA
County Los Angeles
Area 142 - Manhattan Bch Sand
Zoning MNRH
Interior
Cooling None
Fireplaces Type None
Laundry Laundry Area
Exterior
Garage Common Parking Area, Other, Uncovered Parking
Pool 2, None
View Ocean, Other, Panoramic, Water, City Lights
Building
Lot Description Grade - Gently Sloped
Water District - Public
Others
Tax ID 4137007030
Special Listing Condition Not Applicable
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Listed by Shawn Dugan • Strand Hill Properties