$6,200,000 - 4209 The Strand, Manhattan Beach, CA 90266
4209 The Strand
Manhattan Beach,
CA
90266
4209 The Strand Manhattan Beach, CA 90266
5
Beds
4
Baths
2,392
Sqft
3,506
Sqft lot
0.08
Acre lot
$6,200,000
Est. $22,830 / mo.*
Status:
Active
Property Type:
Duplex
Year Built:
1930
Days on Website:
73
Property listed by Strand Hill Properties, Shawn Dugan manonthestrand@gmail.com
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 subsidize your ownership of the other. Undergrounding of electric lines in the adjacent neighborhood further buttresses the rising value of this location. Seize this opportunity to blend development potential and reliable rental income on the world famous Strand in Manhattan Beach.
Open House
Property Details and Features
Bathrooms
- 2 three quarter bathrooms
- 1 main level bathroom
- 2 full bathrooms
- 4 total bathrooms
Bedrooms
- 1 main level bedroom
- 5 total bedrooms
Building
- Built in 1930
- Levels: Two
- Living area: 2392
- 2 stories
- Common walls: NoCommonWalls
Community
- StreetLights
- Sidewalks
Cooling
- None
Doors
- SlidingDoors
Fireplaces
- None
Interior Features
- Balcony
- BedroomOnMainLevel
Laundry
- CommonArea
Listing
- ListingID: SB24179773
- Standard status: Active
- 45 days on market
Lot
- 0.0805 acres
- 3,505 square feet
- Size: 3,505
- GentleSloping
Parking
- 3 open parking spaces
- 3 totals parking
- Driveway
- OnSite
- Uncovered
Pool
- None
Property
- Zoning: MNRH
- Catalina
- CityLights
- Coastline
- Ocean
- Panoramic
- Pier
- Water
- BeachAccess
- BeachFront
- OceanAccess
- OceanFront
- OceanSideOfFreeway
- OceanSideOfHighway
Sewer
- PublicSewer
Spa
- AboveGround