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4209 The Strand, Manhattan Beach, CA 90266

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For Sale

$6,200,000

5 beds • 4 baths • 2,392 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $2,591.97
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# SB24179779

Courtesy Of Strand Hill Properties

(310) 545-0707

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock, Water Front
  • Architecture Style
    Other
  • Cooling System
    None
  • View Type
    City, Ocean, Panorama, Water

Map and Directions

Directions to 4209 The Strand, Manhattan Beach, CA 90266

Home seller CENTURY 21 Union Realty Co.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Union Realty Co.

(310) 371-6330
Learn More About Us

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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