
Manhattan Beach, California 90266
This property represents a High-Potential Investment Opportunity, listed at $5,295,000—positioned above the $4,725,826 Fair Market Value. While the price reflects the premium coastal location, the Condition Rating of 5 indicates the structure is ready for modernization. The 90' x 30' lot and 7-car parking capacity provide immense value-add potential for luxury redevelopment. Situated in the Manhattan Unified district with access to top-rated schools, this asset is ideal for Real Estate Developers or Long-term Investors seeking a prime Sand Section acquisition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 127 21st Subject | $4,899,000* List Price | 5 | 4 | 2,252 | $2,012 | - |
A 4117 Ocean Drive Sold | $5,000,000 | 5 | 3 | 2,804 | $1,783 | 0.9 mi |
B 113 35th Sold | $6,100,000 | 5 | 4 | 2,772 | $2,201 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was last extensively remodeled in 1985, making the interior finishes and systems approximately 39 years old. According to the criteria, a 30-50 year old renovation is classified as poor. While the listing notes meticulous maintenance, the kitchen and baths are significantly dated, and the marketing focus on 'exceptional development potential' for luxury townhomes indicates the structure is nearing the end of its functional life for the area.
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 in the prestigious Sand Section, this property offers immediate beach access and a highly desirable south-facing orientation between downtown Manhattan Beach and El Porto.
The property features a rare and valuable parking configuration for the area, including a 2-car garage plus 5 additional off-street spaces with street-to-alley access, totaling 7 parking spots.
While meticulously maintained, the existing structure was last extensively remodeled in 1985, meaning the interior finishes and systems likely require significant modernization to meet current luxury market expectations.
At a list price of $5.295M, the acquisition cost represents a significant capital requirement for a project that may ultimately be a teardown, putting pressure on the final resale margins for a new build.
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 |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 4.0 | 4.0 |
| Square foot | 2,252 | 2,955.5 |
| Lot Size | 2,706 | 2,024.5 |
| Price | $4.90M | $5.29M |
| Price per sq ft | $2.2K | $1.7K |
| Built year | 1936 | 1971 |
| HOA | $0 | $0 |
| Days on market | 42 | 98 |
Jul 9, 2026
$4,899,000
$5,295,000
-7% Price Drop
Initial Listing
Jun 10, 2026
$5,295,000
Initial Listing