1 of 50
Ferramentas
Size
5
Quartos
2
Full Baths
2,392 pé²
interior
0.08 Acres
Exterior
Financial
$6,300,000
Change Currency
$2,634
Price Per Sqft
Listing Details
Duplex Homes
Tipo de propriedade
1930
Ano de construção
12981812
Id da web
SB24179773
ID do MLS
23
Days Posted
Descrição
4209 The Strand,
Manhattan Beach,
CA
90266
Manhattan Beach, CA 90266
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.
This is an Active listing.
Broker Office Phone Number: 310-545-0707
Copyright © 2024California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Active listing.
Broker Office Phone Number: 310-545-0707
Copyright © 2024California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Serviços
- Driveway
Histórico de preços
date | price | variance | type |
---|---|---|---|
9/10/2024 | $6,300,000 | - | Listados |
Listing By: Strand Hill Properties via Data Source: California Regional Multiple Listing Service, Inc
agente de listagem: Shawn Dugan