Thank you
Shawn Dugan
Strand Hill Properties
310-545-0707
Attention investors, owner-users & developers... Welcome to your future beachfront investment opportunity! This legal duplex, sitting on a spacious 3,505 sq.ft. lot, is not just a property; it's a canvas for your vision. Unlike properties with 3 or more units, this gem can be fully developed to unlock its potential. Seller may carry paper on the sale. The front 3-bedroom, 2-bathroom house, operating as a licensed vacation rental, consistently yields an average monthly income of $15,600, while the rear structure is leased at $5,600 per month. Nestled between them is a courtyard, offering parking for three cars. 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’, surpasses the size of lots on the South Manhattan Strand, which are characterized by 100’ depth. These distinctive features open the door to building two condominiums (stacked or side-by-side), a prospect that sets it apart from most properties on The Strand. Look no further than the recent sale of two condos on the same size lot located a couple blocks to the south, fetching nearly $16 million combined, and spanning appx. 7,000 sq.ft. (4016 The Strand $8.25M; 4018 The Strand $7.6M). Develop and sell one unit to subsidize your ownership of the other. Or you can build an even larger single family home + ADU. Buyer to verify with City. Perched atop a world-renowned surfing beach, this property not only promises a solid investment but also convenience with easy access to LAX and the West Side. Take a leisurely 5-minute stroll to enjoy the restaurants and cafes of the North End or hop on a bike for a quick 7-minute ride to the iconic Manhattan Beach Pier, surrounded by some of the South Bay's finest shopping and dining experiences. Undergrounding of electric lines in the adjacent neighborhood further buttresses the rising value of this location. Seize this opportunity to blend development potential, reliable rental income, and the laid-back coastal lifestyle you've been dreaming of.
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Unit No | Unit Key | Total Bath | Total Bed | Full Bath | Half Bath |
---|---|---|---|---|---|
1 | 1052405066 | 2 | 2 | 2 | 0 |
2 | 1052405066 | 2 | 3 | 2 | 0 |
Water Source : Public
Sewer : Public Sewer
Interior Features: Balcony,Bedroom on Main Level
Fireplace: None
None
Air Conditioning
Fireplace Features: None
Has Fireplace: 0
Year Built: 1930
Building Area Total: 2,392
None
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.0805
Lot Size Source: Assessor
Lot Size Square Feet: 3505
Original List Price: 6,499,000
Listing Contract Date: 2023-12-09
Listing Agreement: Exclusive Right To Sell
Parcel Number: 4137007030
Garage Description: Driveway,On Site,Uncovered
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 142 - Manhattan Bch Sand
Postal Code Plus 4: 3064
Directions: From the Pacific Ocean, look east.
Zoning: MNRH
Source Property Type: Residential Income
Area: 142 - Manhattan Bch Sand
Property SubType: Duplex
Property Age: 94
Common Walls: No Common Walls
Structure Type: Duplex
Year Built Source: Assessor
Entry Level: 1
Entry Location: The Strand
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
600 8th Street, Manhattan Beach, CA,90266 | $5,500,000 | 6 | 5 | 6,000 | 7624 Sqft |
3920 The Strand #3922, Manhattan Beach, CA,90266 | $5,500 | 1 | 1 | 615 | 1675 Sqft |
1316 Gates Avenue, Manhattan Beach, CA,90266 | $5,950,000 | 5 | 6 | 4,745 | 5675 Sqft |
201 15th Street, Manhattan Beach, CA,90266 | $3,550,000 | -- | -- | 2,093 | 2701 Sqft |
201 15th Street, Manhattan Beach, CA,90266 | $3,550,000 | 6 | 3 | 2,093 | 2701 Sqft |
325 10th Street, Manhattan Beach, CA,90266 | $3,850,000 | 5 | -- | 2,207 | 2706 Sqft |
325 10th Street, Manhattan Beach, CA,90266 | $3,850,000 | 5 | 3 | 2,207 | 2706 Sqft |
229 24th Street, Manhattan Beach, CA,90266 | $7,999,000 | 5 | 2 | 4,230 | 2689 Sqft |
856 9th Street, Manhattan Beach, CA,90266 | $5,449,000 | 4 | 3 | 4,300 | 5816 Sqft |
808 John St, Manhattan Beach, CA,90266 | $16,900,000 | 5 | 4 | 6,604 | 20168 Sqft |
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ByOwner last updated this listing 05/21/2024 @ 16:07
MLS: SB23226413
LISTED BY: Shawn Dugan, Strand Hill Properties
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.