
Manhattan Beach, California 90266
This Prime Coastal Development Asset is listed at $5,495,000, fairly positioned relative to its $5,246,180 Fair Market Value. Located just five homes from the Strand on a rare 90' x 30' lot, the property maintains a Condition Rating of 4, offering significant redevelopment upside for two luxury townhomes or a custom estate. Featuring Partial Ocean Views and an unprecedented 7-car parking capacity, the asset is supported by Top-Rated Schools like Grand View Elementary within the Manhattan Unified district. This is a strategic acquisition for Luxury Developers or Portfolio Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 127 21st Subject | $5,495,000* List Price | 5 | 4 | 2,252 | $2,330 | - |
A 113 35th Sold | $6,100,000 | 5 | 4 | 2,772 | $2,201 | 0.6 mi |
B 216 6th Street Sold | $6,125,000 | 4 | 4 | 2,458 | $2,492 | 0.8 mi |
C 4117 Ocean Drive Active Under Contract | $5,000,000 List Price | 5 | 3 | 2,804 | $1,783 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is meticulously maintained and currently functional as an income-producing duplex, but it is significantly dated. While the original 1936 structure was extensively remodeled in 1985, the finishes—including the bathroom vanities, tile work, and fixtures—reflect 40-year-old styling. The interior features like vaulted wood-beamed ceilings and hardwood floors are in good shape, but the overall aesthetic and systems are aged. It fits the 'fair' category as a well-kept home that has not seen a major renovation in over 30 years and shows clear signs of being outdated compared to current luxury standards in Manhattan Beach.
Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
Situated just five homes from the Strand, this property occupies an elite position in the Manhattan Beach Sand Section, offering immediate proximity to the beach, local dining, and high-end shopping.
The 90' x 30' lot provides rare versatility for the area, allowing investors to build two luxury townhomes, a massive single-family estate with an ADU, or maintain the existing income-producing duplex.
The existing structure was built in 1936 and last remodeled in 1985; despite meticulous maintenance, it likely requires significant modernization or a complete teardown to realize its maximum market value.
The property has seen multiple price improvements from an initial $6.25M to $5.495M, suggesting that the market is currently valuing the property primarily as a land-value development opportunity rather than a turnkey residence.
PRICE IMPROVEMENT! Extremely rare opportunity just 5 homes from the Strand in Manhattan Beach. This South-facing duplex sits on a prime 90' x 30' lot offering exceptional development potential in one of the most sought-after beach locations in Southern California. Buyers have multiple options: build 2 luxury townhomes, design a spectacular single-family residence with an ADU, or continue operating the property as an income-producing duplex. The existing structure features a 3-bedroom, 2-bath upper unit and a 2-bedroom, 2-bath lower unit, both with hardwood floors in the main living areas, carpeted bedrooms, and fireplaces. The property was extensively remodeled around 1985 and has been meticulously maintained by the same owners since 1972. A true standout for the area, the property includes a 2-car garage plus 5 additional off-street parking spaces, including rear parking with street-to-alley access—a rare and valuable feature this close to the beach. Ideally located between downtown Manhattan Beach and El Porto on a very desirable street, the property offers easy access to the beach, local dining, shopping, and all the attractions of Manhattan Beach, while also providing a convenient commute to the Westside. Pride of ownership is evident throughout, and after 5+ decades of stewardship, the sellers are excited to pass this special property on to its next owner.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.0 mi
Grades K-3 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 53% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,252 | 3,264 | 27% |
| Lot Size | 2,706 | 2,698 | 60% |
| Price | $5.50M | $3.90M | 60% |
| Price per sq ft | $2.4K | $1.5K | 87% |
| Built year | 1936 | 1962 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 226 | 7% |
Apr 16, 2026
$5,495,000
$5,750,000
-4% Price Drop
Initial Listing
Mar 26, 2026
$5,750,000
$6,250,000
-8% Price Drop
Initial Listing
Mar 13, 2026
$6,250,000
Initial Listing