4210 The Strand,
Home For Sale
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 enjo
Property Details
Additional Information
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- County:
- Los Angeles
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- Zip:
- 90266
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- MLS® #:
- SB23226413
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- Bedrooms:
- 5
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- Lot Size:
- 0.08
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- Neighborhood:
- MANHATTAN BEACH (90266)
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Listing information last updated on May 19th, 2024 at 4:45pm PDT.