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4209 The Strand

Manhattan Beach, CA 90266

PRICE REDUCED

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-$100,000 (-1.59%)

$6,200,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1930

calendar_month Built

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 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.

Listing Information

List Price $6,200,000
Status Active
MLS SB24179779
HOA $0
Type Residential Income
Subtype Duplex
Year Built 1930
Lot Size 3,505
Structure Size N/A
DOM 44
Courtesy Of Strand Hill Properties
Listing Agent Shawn Dugan DRE#01749343

Interior Features

Laundry Information
Location(s) Common Area
Bedroom Information
Features Bedroom on Main Level
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Fireplace Information
Features None
Additional Information
Additional Features Balcony, Bedroom on Main Level
Cooling Type
Cooling Type None

Exterior Information

Other Structures
Structures Two On A Lot
View Yes

Maps

home_work Nearby Properties

Image

$6,200,000

king_bed 5
shower 4
straighten 2,392
straighten 3,505
4209 The Strand,

Manhattan Beach, CA 90266
Image

$10,849,000

king_bed 5
shower 5
straighten 4,354
straighten 3,494
4308 The Strand,

Manhattan Beach, CA 90266
Image

$8,495,000

king_bed 4
shower 6
straighten 3,576
straighten 3,492
4016 The Strand,

Manhattan Beach, CA 90266
Image

$2,300,000

king_bed N/A
shower N/A
straighten N/A
straighten 1,796
303 42Nd Street,

Manhattan Beach, CA 90266
Image

$10,000/month

king_bed 1
shower 1
straighten 615
straighten 1,675
3920 The Strand , #3922,

Manhattan Beach, CA 90266

Listing information courtesy of: Shawn Dugan, Strand Hill Properties 310-265-3428. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 25th, 2024 at 10:31 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.