4209 The Strand

Manhattan Beach, CA 90266

$6,200,000
Price
5
Beds
4
Baths
2,392 Sq. Ft.
$2,592 / Sq. Ft.
2,392
Sq. Ft.
$2,592
per Sq. Ft.

Description

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...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.
  1. Listed by Shawn Dugan • DRE #01749343 • Brokerage DRE #01968431 • Strand Hill Properties • manonthestrand@gmail.com

Property Details for 4209 The Strand

View
Catalina, City Lights, Coastline, Ocean, Panoramic, Pier, Water, White Water
Parking Spaces Total
3
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2392
LISTING UPDATED: 10/25/2024 08:30 AM

Property Details for 4209 The Strand

StatusActive
MLS #SB24179773
Days on Market58
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential
Year Built1930
Lot Size0.08 AC / 3,505 SF
CountyLos Angeles County

Building Information for 4209 The Strand

Stories2Residences-Year Built1930Building Size-Lot Size0.08 AC / 3,505 SF

Property Information for 4209 The Strand

Income / Expense / Tax Details
Income Details
  • Gross Income: $193,200
  • Gross Scheduled Income: $193,200
  • Net Operating Income: $103,200
Expense Details
  • Operating Expense: $90,000
  • New Taxes Expense: $84,375
  • Insurance Expense: $1,500
  • Maintenance Expense: $2,000
  • Other Expense: $625
  • Trash Expense: $500
  • Water Sewer Expense: $1,000
  • Total Expenses: $90,000
Tax / Assessment Info
  • Tax Block: 5
  • Tax Tract Number: 4103
  • Tax Census Tract: 6202.01
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 18
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks, Street Lights
  • Number Of Units In Community: 2
Property / Structure Info
Interior Features
  • Interior Features: Living Room Balcony
  • Room Type: Main Floor Bedroom
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Bedroom Features: Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: Common Area
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: None
Exterior Features
  • Door Features: Sliding Doors
  • Entry Location: The Strand
  • Structure Type: Duplex
  • Other Structures: Two On A Lot
  • View Description: 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
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: Above Ground
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: Gentle Sloping
  • Lease Considered: No
  • Direction Faces: West
  • Number Of Units: 2
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway, Uncovered
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Non-Garage: Uncovered, Driveway, On Site
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway, On Site, Uncovered
Property / Structure Info
  • Residential Styles: Townhome
  • Residential Unit Location: No Common Walls
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $15,600
  • Unit Type Total Rent: $15,600
  • Unit Type Pro Forma: 15600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $5,600
  • Unit Type Total Rent: $5,600
  • Unit Type Pro Forma: 5600
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 4209 The Strand

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 4209 The Strand

This home is within Manhattan Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Grand View Elementary School
PublicK to 5

Manhattan Beach Middle School
Public6 to 8

Mira Costa High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4209 The Strand is a townhouse for sale in Manhattan Beach, CA 90266. This property was listed for sale on September 10, 2024 by Strand Hill Properties, it's currently listed at $6,200,000. This listing's school district is Manhattan Beach Unified School District. Nearby schools include Grand View Elementary School, Manhattan Beach Middle School and Mira Costa High School. 4209 The Strand is a 5-bed, 4-bath, 2,392 sqft townhouse built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Strand Hill Properties, Shawn Dugan, DRE #01749343

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.