4209 The Strand Active

Manhattan Beach,CA 90266

$ 6200000

5 Beds

0 Bath

2392 SqFt


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 CRSB24179779

Bedrooms 5

HOA Y/N No

Year Built 1930

Lot Size 3,505 Sqft

Acres 0.08

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

Area Listing

Zoning MNRH

Interior

Cooling No Air Conditioning

Fireplace No

Laundry Common Area

Exterior

View Y/N true

View City Lights,Panoramic,Water,Other,Ocean

Total Parking Spaces 3

Building

Lot Description Other

New Construction No

Others

Tax ID 4137007030

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