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Listed by Shawn Dugan • Strand Hill Properties

$6,300,000

Est. payment - /mo

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5 BD

4 BA

2,392 SqFt

Active

4209 The Strand Manhattan Beach, CA 90266

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Daniel Ripper

[email protected] +1(415) 205-6312

UPDATED:

09/12/2024 01:12 PM

Key Details

Property Type Single Family Home

Sub Type Duet

Listing Status Active

Purchase Type For Sale

Square Footage 2,392 sqft

Price per Sqft $2,633

MLS Listing ID CRSB24179773

Bedrooms 5

Full Baths 2

HOA Y/N No

Originating Board Datashare California Regional

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 subs

Location

State CA

County Los Angeles

Interior

Cooling None

Fireplaces Type None

Fireplace No

Laundry Other

Exterior

Pool Above Ground, Spa, None

View City Lights, Panoramic, Water, Other, Ocean

Parking Type Other

Private Pool false

Building

Lot Description Other, Street Light(s)

Story 2

Water Public

Schools

School District Manhattan Unified

© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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Daniel Ripper

Broker Associate | License ID: 01382609

+1(415) 205-6312

Daniel Ripper

4209 The Strand Manhattan Beach, CA 90266

Daniel Ripper

Key Details

Location

Interior

Exterior

Building

Schools

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4209 The Strand