4210 The Strand Manhattan Beach, CA 90266
Sale
$6,499,000
2 Units
5 Beds
4 Baths
2,392 Area(sq.ft.)
3,505 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| 0 | 0 | $ 0 | $ 0 | $ 0 |
| MLS #: | SB23221862MR |
| Days On Market: | 130 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 2,717 |
| Price per unit: | $ 3,249,500 |
| Year Built: | 1930 |
Property Details
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 lifestyleyou've been dreaming of.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
Structure
| Community Features: | Sidewalks, Street Lights |
| Sewer: | Public Sewer |
| View Description: | Catalina, City Lights, Coastline, Ocean, Panoramic, Pier, Water, White Water |
| Water: | Public |
Land & Parking
| Zoning: | MNRH |
| Land Lease Type: | Fee |
| Parking Garage: | Driveway, Uncovered |
Interior
| AC/Cooling: | None |
| Fireplace Rooms: | None |
| Laundry: | Laundry Area |
Exterior
| Pool: | No |
| Spa: | True |
| Spa Description: | Above Ground |
Detailed Map
Schools
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Income
