Contact Xavier Gomez
Schedule A Showing
4209 The Strand, Manhattan Beach, CA 90266
Priced at Only: $6,200,000
For more Information Call
Mobile: 714.478.6676
Address: 4209 The Strand, Manhattan Beach, CA 90266
Property Photos
Property Location and Similar Properties
- MLS#: SB24179779 ( Duplex )
- Street Address: 4209 The Strand
- Viewed: 1
- Price: $6,200,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1930
- Bldg sqft: 0
- Days On Market: 108
- Additional Information
- County: LOS ANGELES
- City: Manhattan Beach
- Zipcode: 90266
- Provided by: Strand Hill Properties
- Contact: Shawn Shawn
- DMCA Notice
-
DescriptionThis 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.
Features
Assessments
- Unknown
Association Fee
- 0.00
Building Area Total
- 2392.00
Commoninterest
- None
Common Walls
- No Common Walls
Cooling
- None
Country
- US
Days On Market
- 46
Direction Faces
- West
Door Features
- Sliding Doors
Entry Location
- The Strand
Fireplace Features
- None
Garage Spaces
- 0.00
Insurance Expense
- 1500.00
Interior Features
- Living Room Balcony
Laundry Features
- Common Area
Levels
- Two
Lockboxtype
- See Remarks
Lot Features
- Gentle Sloping
Netoperatingincome
- 103200.00
Newtaxesexpense
- 84375.00
Otherexpense
- 625.00
Other Structures
- Two On A Lot
Parcel Number
- 4137007030
Parking Features
- Driveway
- On Site
- Uncovered
Pool Features
- None
Postalcodeplus4
- 3064
Property Type
- Duplex
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 422091524:CRM
Spa Features
- Above Ground
Totalexpenses
- 90000.00
Trash Expense
- 500.00
Uncovered Spaces
- 3.00
View
- Catalina
- City Lights
- Coastline
- Ocean
- Panoramic
- Pier
- Water
- White Water
Waterfront Features
- Beach Access
- Beach Front
- Ocean Access
- Ocean Front
- Ocean Side of Freeway
- Ocean Side Of Highway 1
Water Sewer Expense
- 1000.00
Water Source
- Public
Year Built
- 1930
Year Built Source
- Assessor
Zoning
- MNRH
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Mobile: 714.478.6676
- Fax: 714.975.9953
- salesbyxavier@gmail.com