4210 The Strand, Manhattan Beach

$6,499,000

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5 Beds
4 Baths
2,392 Sqft
.08 Acre
0 Garage

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 is operating as a licensed vacation rental yielding 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’ is among the larger of lot sizes on The Strand (most others measure 100' in depth). These distinctive features open the door to building two sizeable condominiums (one above the other or side-by-side), a prospect not possible on the majority of Strand properties. 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.

Essential Information

MLS® #
SB23221862
Price
$6,499,000
Bedrooms
5
Bathrooms
4.00
Full Baths
2
Square Footage
2,392
Acres
0.08
Year Built
1930
Type
Residential
Sub-Type
Duplex
Status
Active

Community Information

Address
4210 The Strand
Area
142 - Manhattan Bch Sand
City
Manhattan Beach
County
Los Angeles
Zip Code
90266
Community Features
Street Lights, Sidewalks
Senior Community
N

Amenities

Parking Spaces
3
Parking
Driveway, On Site, Uncovered
Garages
Driveway, On Site, Uncovered
Pool
None

View

City Lights, Ocean, Panoramic, Catalina, Coastline, Pier, Water

Waterfront

Beach Access, Beach Front, Ocean Access, Ocean Front, Ocean Side Of Freeway, Ocean Side Of Highway

Interior

Interior Features
Bedroom on Main Level, Balcony
Cooling
None
Fireplaces
None
# of Stories
2
Stories
Two

Exterior

Lot Description
Gentle Sloping

School Information

District
Manhattan Unified
Middle
Manhattan Beach
High
Mira Costa

Additional Information

Date Listed
December 6th, 2023
Days on Market
143
Zoning
MNRH

Listing Details

Agent
Shawn Dugan
Office
Strand Hill Properties
Property History
Price Reduced from $6,750,000 to $6,499,000

LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of May 1st, 2024 at 6:50pm PDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.