4209 The Strand
Manhattan Beach, CA 90266
$100,000.00 (-1.59%)
Active for $6,200,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 3,505 sqft
| MLS | SB24179779 |
| Year Built | 1930 |
| Property Type | Duplex |
| County | Los Angeles |
| Status | Active |
| Active | $6,200,000 |
| Structure Size | N/A sqft |
| Lot Size | 3,505 sqft |
| Beds | N/A |
| Baths | N/A |
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 courtesy of: Shawn Dugan, Strand Hill Properties 310-265-3428. *Based on information from the Association of REALTORS/Multiple Listing as of 11/13/2024 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.
Location
Contact a Local Realtor®
Adriana Roman
REALTOR®
Direct: 818.326.6082
Email: Email Me
DRE: 01973289
DRE #01873088
.png){kind=small}