4209 The Strand 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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site21 Days
- MLS StatusActive
- MLS ID NumberSB24179779
- Home Size Source N/A
- Year Built1930
- Lot Size0.0805 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking DrivewayOn SiteUncovered
- Parking Spaces 3
- Sewer Public Sewer
- Number of Stories 22
- Acreage 0.0805
- Water Public
- Property Sub Type Duplex
- Garage Spaces 0
- Zoning MNRH
- Listing Conditions Standard
- Direction Faces West
Interior Features
- Cooling None
- Interior Living Room Balcony
- Fireplace Features None
- Laundry Features Common Area
- Fireplace No
Exterior Features
- View CatalinaCity LightsCoastlineOceanPanoramicPierWaterWhite Water
- Spa Yes
- Pool Features None
- Spa Features Above Ground
- Waterfront Property No
- Waterfront Features Beach AccessBeach FrontOcean AccessOcean FrontOcean Side of FreewayOcean Side Of Highway 1
- Lot Gentle Sloping
Community Features
- Association Dues 0
- Community Features SidewalksStreet Lights
- Senior Community No
- MLS Area 142 - Manhattan Bch Sand