1505 Nelson Avenue, Manhattan Beach, California 90266, Manhattan Beach, 90266 - 4 bed, 3 bath

1505 Nelson Avenue, Manhattan Beach, California 90266 home-pic-0
ACTIVE UNDER CONTRACT$3,200,000
1505 Nelson Avenue, Manhattan Beach, California 90266
4Beds
3Baths
3,349Sqft
7,498Lot

Price Vs. Estimate

The estimated value ($3,308,971.27) is $108,971.27 (3%) higher than the list price ($3,200,000). This property may be underpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Aurelia Pennekamp Elementary School (9/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
Top Cons:
Outdated Interior Finishes: The property's finishes reflect its 1990s era, indicating a need for cosmetic updates and modernization to align with contemporary design trends and buyer expectations.

Compared to the nearby listings

Price:$3.20M vs avg $3.40M ($-205,000)42%
Size:3,349 sqft vs avg 2,655 sqft68%
Price/sqft:$956 vs avg $1.4K7%

More Insights

Built in 1991 (34 years old).
Condition: Built in 1991, this property is 33 years old, and its interior finishes, particularly in the kitchen and bathrooms, clearly reflect its era. While the home appears well-maintained with functional systems and good bones (hardwood floors, spacious layout), the kitchen features dated light wood cabinetry, marble countertops with an older pattern, and some older appliances. The primary bathroom also exhibits dated light wood vanities, marble finishes, and 90s-style lighting and mirror setup. The description explicitly states that 'the finishes reflect its era' and the 'home is ready for your updates,' aligning with the 'Fair' condition criteria where the home is aged but maintained, and major components are functional but show signs of being outdated, requiring minor updates or repairs for modern appeal.
Year Built
1991
Close
-
List price
$3.2M
Original List price
$3.2M
Price/Sqft
$956
HOA
-
Days on market
-
Sold On
-
MLS number
SB25241335
Home ConditionFair
Features
Patio
View-

About this home

Big Lot, Big Potential—Modern Coastal Canvas in the Knolls. Looking for space, light, and location with room to make it your own? This nearly 3400 sq. ft. home on an oversized 7,500 sq. ft. lot (50 x 150) in the heart of Manhattan Beach’s coveted Mira Costa neighborhood (aka The Knolls) is the opportunity you've been waiting for—but rarely find at this price point. Built in the '90s and lovingly maintained, this home offers all the right ingredients: an expansive floor plan, excellent natural light, and unbeatable lot size. While the finishes reflect its era, the layout is timeless—and the potential? Off the charts. Whether you're dreaming of a design refresh, modern upgrades, or simply maximizing the space as-is, this property gives you the freedom (and the footprint) to bring your vision to life. Inside, the main level unfolds with high ceilings, hardwood floors, and wide-open living and dining areas made for gathering. The family room flows into a spacious kitchen with an island, gas range, marble counters, and generous cabinetry—plus a cozy living room with fireplace and wet bar, and even a separate office for quiet productivity. Upstairs, four bedrooms, two full baths, and a large laundry room offer comfort and flexibility. The primary suite is oversized and serene, with a walk-in closet and a spa-inspired ensuite featuring a Japanese-style wet room with marble shower and soaking tub. Out back, the lot size really shines—offering a private, green-lined yard with plenty of room to play, entertain, or add your dream outdoor setup. A two-car garage with bonus storage seals the deal. The home is ready for your updates—but that’s exactly what makes this such a rare value in this neighborhood. Homes of similar size on smaller lots have sold for more, making this not just a smart move—but a strategic one. Bring your style, your ideas, and your vision—because this one’s got the bones, the lot, and the location. Let’s just say... this could be the best “before-and-after” story in the South Bay.

Nearby schools

9/10
Aurelia Pennekamp Elementary School
Public,K-50.3mi
7/10
Meadows Avenue Elementary School
Public,K-50.9mi
9/10
Manhattan Beach Middle School
Public,6-81.0mi
9/10
Mira Costa High School
Public,9-120.2mi

Price History

Date
Event
Price
09/20/94
Sold
$548,000
Condition Rating
Fair

Built in 1991, this property is 33 years old, and its interior finishes, particularly in the kitchen and bathrooms, clearly reflect its era. While the home appears well-maintained with functional systems and good bones (hardwood floors, spacious layout), the kitchen features dated light wood cabinetry, marble countertops with an older pattern, and some older appliances. The primary bathroom also exhibits dated light wood vanities, marble finishes, and 90s-style lighting and mirror setup. The description explicitly states that 'the finishes reflect its era' and the 'home is ready for your updates,' aligning with the 'Fair' condition criteria where the home is aged but maintained, and major components are functional but show signs of being outdated, requiring minor updates or repairs for modern appeal.
Pros & Cons

Pros

Great Schools: Elementary School: Aurelia Pennekamp Elementary School (9/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
Oversized Lot: The property boasts a substantial 7,500 sq. ft. lot (50 x 150), which is highlighted as a rare and valuable asset in the area, offering ample space for outdoor living or future expansion.
Prime Location: Situated in the highly coveted Mira Costa neighborhood, also known as The Knolls, in Manhattan Beach, providing access to a desirable community and amenities.
Significant Renovation Potential: Described as a 'modern coastal canvas' with 'bones, the lot, and the location,' offering immense potential for a design refresh, modern upgrades, and customization to a buyer's taste.
Spacious Floor Plan: With nearly 3400 sq. ft. of living space, the home features an expansive floor plan, high ceilings, wide-open living areas, and an oversized primary suite, providing generous room for comfortable living.
Excellent School District: Located within the highly-rated Manhattan Unified School District, with top-tier elementary, middle, and high schools nearby, making it attractive for families.

Cons

Outdated Interior Finishes: The property's finishes reflect its 1990s era, indicating a need for cosmetic updates and modernization to align with contemporary design trends and buyer expectations.
Potential for Renovation Costs: While offering significant potential, realizing the home's full value and bringing it to modern standards will likely require a substantial additional investment for renovations and upgrades.
Lack of Views: The property detail explicitly states 'view: None,' which can be a drawback in a coastal market like Manhattan Beach where ocean or city views often command a premium.

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