Skip To Content

4209 The Strand

Manhattan Beach, CA 90266
  • $6,200,000
  • STATUS: ACTIVE
  • ON SITE: 61 Days
  • ID#: SB24179779
UPDATED: 56 min ago
$6,200,000
  • 5
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

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. 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.

Monthly Payment Calculator

San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.talechiaandassociates.com/homes/155026076
Print Image

4209 The Strand Manhattan Beach, CA 90266

  • Price: $6,200,000
  • Status: ACTIVE
  • On Site: 61 Days
  • Updated: 56 min ago
  • ID#: SB24179779
5
Beds
0
Baths
0
½ Baths
0.08
Acres
Neighborhood:
Manhattan Beach (90266)
County:
Los Angeles
Area:
Manhattan Beach (90266)
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. 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.
Exterior Features

Pool N/K Site Sidewalks Spa Yes

Interior Features

Cooling N/K Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 2

Property Features

Annual Expense Actual 90000 Buildings 2 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 193200 Home Owners Fees 0.0 Terms CashConventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 15600.0 Unit2 Rent Actual 5600.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Shawn Dugan of Strand Hill Properties: 310-265-3428. Listing information © 2024 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_306262828-1.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_306262828-1.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_306262828-1.jpg
Logo
COMPASS
16909 Via De Santa Fe Suite 100
Rancho Santa Fe CA, 92067