1016 The Strand, Manhattan Beach, California 90266, Manhattan Beach, 90266 - 4 bed, 4 bath
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Manhattan Beach, California 90266
This Triplex Residential Income Asset represents a High-Potential Investment Opportunity, listed at $9,295,000—positioned well below the $9,390,901 Fair Market Value by 1%. This valuation gap offers $95,901 in Instant Equity. With a Fair Condition Rating, the property features Panoramic Oceanfront Views and a prime location near Top-Rated Schools like Hermosa View Elementary. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage redevelopment potential in a premier coastal market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1016 The Strand Subject | $9,295,000* List Price | 4 | 4 | 2,859 | $3,285 | - |
A 2516 The Strand Active | $11,999,000 List Price | 4 | 4 | 3,568 | $3,363 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1938, the property is well-maintained and move-in ready with refreshed flooring and paint. However, the kitchen and bathrooms (pedestal sinks, older tile) are dated and likely exceed the 20-year mark since a major renovation. The listing's emphasis on redevelopment and land value further supports a 'Fair' rating for the existing structure relative to its price point.
Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: El Segundo High School (10/10).
Situated just two homes south of the Manhattan Beach Pier, this property offers unparalleled oceanfront frontage and immediate walkability to world-class downtown dining and boutique shopping.
As a rare triplex with recent planning changes favoring redevelopment, the property provides exceptional flexibility for owner-users, investors, or developers to maximize the site's long-term value.
Originally constructed in 1938, the property likely requires significant capital expenditure for modernization or a complete rebuild to meet the standards of contemporary luxury buyers.
At a list price of over $9 million for approximately 2,859 square feet, the valuation is heavily weighted toward the land and location rather than the utility of the existing structure.
Rare South Manhattan Beach Strand opportunity at a price point not seen south of the Manhattan Beach Pier since 2017. Located just two homes south of the pier, 1016 The Strand is a triplex property offering exceptional oceanfront frontage, walkability, income potential, and long-term flexibility. Originally built in 1938, the property is currently configured with a main residence, Strand-level studio, and separate one-bedroom residence above the garage. The main residence encompasses approximately 2,850 square feet and enjoys sweeping views of the Manhattan Beach Pier, Catalina Island, Palos Verdes, the Malibu coastline, and the Pacific Ocean beyond. Just steps from downtown Manhattan Beach's restaurants, shops, and cafés, the property offers a unique combination of oceanfront living and everyday convenience. Recent planning changes have further enhanced redevelopment opportunities for triplex properties, creating a compelling opportunity for owner-users, investors, and developers alike.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-3 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 4.0 | 4.0 |
| Square foot | 2,859 | 2,955.5 |
| Lot Size | 3,330 | 2,024.5 |
| Price | $9.29M | $5.29M |
| Price per sq ft | $3.3K | $1.7K |
| Built year | 1938 | 1971 |
| HOA | $0 | $0 |
| Days on market | 34 | 98 |
Jun 18, 2026
$9,295,000
Initial Listing