Listed By:
Shawn Dugan with Strand Hill Properties; manonthestrand@gmail.com
Address
4210 The Strand, Manhattan Beach, CA
Price
$ 6,750,000
Property Attributes
  • MLS#SB23226413
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CityManhattan Beach
  • AreaManhattan Bch Sand
  • Zip90266
  • StyleDuplex
  • Price$ 6,750,000
  • Bedrooms5
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2392
  • Lot Size3,507 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

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.

Price History
12/15/2023 Listed $6,750,000

General Features

Interior Features Balcony,BedroomonMainLevel
Sewer PublicSewer
Cooling None
Zoning MNRH
HOA 0.0
Garage Spaces 0.0
Pool Features None
Year Built 1930
View Catalina,CityLights,Coastline,Ocean,Panoramic,Pier,Water
Stories 2
Levels Two
Property SubType Duplex
Gross Income 193200.0
Waterfront Features BeachAccess,BeachFront,OceanAccess,OceanFront,OceanSideOfFreeway,OceanSideOfHighway
Community Features StreetLights,Sidewalks
County Los Angeles
Net Operating Income 103200.0
Operating Expense 90000.0
Insurance Expense 1500.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
MaintenanceExpense 2000.0
Facing Direction West
Garage Y/N No
Other Structures TwoOnALot
Special Listing Conditions Standard
Status Active
Directions From the Pacific Ocean,look east.
City Manhattan Beach
Entry Location The Strand
View Y/N Yes
Senior Community Y/N No
Open Parking Spaces 3.0
Total Units 2
MLS Area 142 - Manhattan Bch Sand
Lot Size Square Feet 3505.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name The Strand
Listing Terms Cash,CashtoNewLoan,Conventional,OwnerWillCarry
Spa Features AboveGround
Property Attached Y/N No
Land Lease Y/N No
Home Warranty Y/N No
Trash Expense 500.0
Water Sewer Expense 1000.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Virtual Tour https://www.youtube.com/watch?v=zI0wIHsETHc&t=2s
Days on Market 80
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 18
Property Sub Type Additional Duplex
Taxes 84375.0
MobileHomeRemainsYN No

Interior Features

Fireplace Features None
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N No

Exterior Features

Parking Features Driveway,OnSite,Uncovered
Lot Features GentleSloping
Water Source Public
Total Parking 3.0
Lot Size Area 3505.0
Number of Buildings 2
Spa Yes
Building Area Total 2392.0
Lot Size Acres 0.0805
Lot Size Units SquareFeet
Lot Size Source Assessor
Door Features SlidingDoors
Number of Separate Water Meters 2
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 90266

Price
AVG $7.53M
$6.75M
Visits
AVG 162
163
Data Provided by Inside Real Estate®
Year Built
AVG 1950
1930