Est. mensual: $21,942 Recalcular
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Multifamiliar (2-4 unidades)Número de MLS: #SB24179779
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.
Características de la propiedad
Antigüedad: | Más de 50 años de antigüedad |
---|---|
Amenidades: | Puerto, En la costa |
Estilo arquitectónico: | Otro |
Sistema de refrigeración: | No hay |
Ver tipo: | Ciudad, Océano, Panorama, Agua |
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Escuela primaria
GRAND VIEW ELEMENTARY SCHOOL
0.8
MillasVer detalle
Escuela secundaria (ciclo básico)
MANHATTAN BEACH MIDDLE SCHOOL
2.4
MillasVer detalle
Escuela secundaria (ciclo superior)
Otros escuelas cercanos | Distancia | Tipo | Grados/años | Califaciones |
---|---|---|---|---|
American Martyrs School | 1.3 mi | Private | KG-8 | |
Pacific Elementary School | 1.4 mi | Public | KG-5 | A |
Richmond Street Elementary School | 1.4 mi | Public | KG-5 | A |
El Segundo Middle School | 1.5 mi | Public | 6-8 | A |
El Segundo High School | 1.5 mi | Public | 9-12 | A+ |
Arena High (continuation) | 1.6 mi | Public | 9-12 | D |
Center Street Elementary School | 1.8 mi | Public | KG-5 | A |
Fusion Academy Manhattan Beach | 1.9 mi | Private | 6-12 | |
Meadows Elementary School | 2.0 mi | Public | KG-5 | A |
Robinson Elementary School | 2.0 mi | Public | KG-5 | A |
Beach Cities Learning Center | 2.1 mi | Private | 6-12 | |
Manhattan Beach Preschool | 2.1 mi | Public | ||
Vistamar School | 2.3 mi | Private | 9-12 | |
Da Vinci Design | 2.3 mi | Public | 9-12 | B- |
Da Vinci Science | 2.3 mi | Public | 9-12 | A+ |
Da Vinci Communications | 2.3 mi | Public | 9-12 | A- |
Je Portal Schools | 2.4 mi | Private | 9-10 | |
Success Learning Center | 2.5 mi | Public | 9-12 |