Listing Courtesy of: CRMLS / Morningside Office / Shawn Dugan - Contact: manonthestrand@gmail.com
4209 The Strand Manhattan Beach, CA 90266
Active (59 Days)
$6,200,000
2,392
SQFT
Description
MLS #:
SB24179779
SB24179779
Lot Size
3,505 SQFT
3,505 SQFT
Type
Multifamily
Multifamily
Year Built
1930
1930
Views
Water, Pier, Panoramic, Ocean, Coastline, City Lights, Catalina
Water, Pier, Panoramic, Ocean, Coastline, City Lights, Catalina
County
Los Angeles County
Los Angeles County
Listed By
Shawn Dugan, DRE ##01749343, Morningside Office, Contact: manonthestrand@gmail.com
Source
CRMLS
Last checked Nov 9 2024 at 3:50 PM GMT+0000
CRMLS
Last checked Nov 9 2024 at 3:50 PM GMT+0000
Bathroom Details
Interior Features
- Laundry: Common Area
- Balcony
Lot Information
- Gentle Sloping
Utility Information
- Utilities: Water Source: Public
- Sewer: Public Sewer
Parking
- Uncovered
- On Site
- Driveway
Stories
- 2
Additional Information: Morningside Office | manonthestrand@gmail.com
Location
Listing Price History
Date
Event
Price
% Change
$ (+/-)
Oct 25, 2024
Price Changed
$6,200,000
-2%
-100,000
Sep 10, 2024
Original Price
$6,300,000
-
-
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by Strand Hill Properties and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.
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.