UPDATED:
10/25/2024 10:31 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,392 sqft
Price per Sqft $2,591
MLS Listing ID SB24179773
Bedrooms 5
Full Baths 2
Three Quarter Bath 2
HOA Y/N No
Year Built 1930
Lot Size 3,506 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area 142 - Manhattan Bch Sand
Zoning MNRH
Rooms
Other Rooms Two On A Lot
Main Level Bedrooms 1
Interior
Interior Features Balcony, Bedroom on Main Level
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Driveway, On Site, Uncovered
Pool None
Community Features Street Lights, Sidewalks
Waterfront Description Beach Access,Beach Front,Ocean Access,Ocean Front,Ocean Side Of Freeway,Ocean Side Of Highway
View Y/N Yes
View Catalina, City Lights, Coastline, Ocean, Panoramic, Pier, Water
Total Parking Spaces 3
Private Pool No
Building
Lot Description Gentle Sloping
Dwelling Type Duplex
Faces West
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Additional Building Two On A Lot
New Construction No
Schools
School District Manhattan Unified
Others
Senior Community No
Tax ID 4137007030
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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