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1561 2nd Street, Manhattan Beach, California 90266, Manhattan Beach, 90266 - bed, bath

1561 2nd Street, Manhattan Beach, California 90266 home-pic-0
ACTIVE$1,799,000
1561 2nd Street, Manhattan Beach, California 90266
0Bed
0Bath
1,050Sqft
3,283Lot

Price Vs. Estimate

The estimated value ($1,799,000) is $0 (0%) lower than the list price ($1,799,000). This property may be overpriced.

Key pros and cons

Top Pros:
Versatile ADU with Income Potential: The attached ADU, complete with a kitchenette and separate access, offers significant flexibility for various uses including a guest suite, home office, or potential rental income.
Top Cons:
Currently Unfinished State: The property is being sold 'as-is' in a raw, unfinished condition with exposed framing and no drywall or flooring, necessitating significant immediate investment and construction.

Compared to the nearby listings

Price:$1.80M vs avg $3.40M ($-1,606,000)3%
Size:1,050 sqft vs avg 2,623 sqft4%
Price/sqft:$1.7K vs avg $1.4K72%

More Insights

Built in 1951 (74 years old).
Condition: The property is explicitly stated to be 'currently under renovation' with 'exposed framing, no drywall or flooring.' This means it is not habitable and requires substantial work to be completed, aligning with the 'Poor' condition definition. The images confirm this state, showing an unfinished interior with exposed studs and no finished surfaces. While the listing mentions future completion, its current 'as-is' condition is unlivable and requires significant rehabilitation.
Year Built
1951
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$1,713
HOA
-
Days on market
-
Sold On
-
MLS number
PW25183461
Home ConditionPoor
Features
Patio
View-

About this home

Single level modern beach house/duplex currently under renovation from the top down, inside and out. Attached ADU with kitchenette/indoor, outdoor bar and bath can be used as 3rd bedroom, guest/in-law suite, home office, entertainment room, or studio to rent out with it's own separate access and address. Corner location w great air flow and abundant open street parking on all sides-- a rarity this close to the beach. Buyers may purchase as is, finished, or pick their finishes such as counter tops, flooring, or adding A/C. List price is min starting offer price owner will review based on as-is condition, currently exposed framing, no drywall or flooring. Full renovation to be completed Dec 2025 or sooner, perfect for buyers needing a longer escrow. Listing photos digitally enhanced and staged to show finished home.

Nearby schools

9/10
Aurelia Pennekamp Elementary School
Public,•K-5•0.3mi
7/10
Meadows Avenue Elementary School
Public,•K-5•0.7mi
9/10
Manhattan Beach Middle School
Public,•6-8•0.6mi
9/10
Mira Costa High School
Public,•9-12•0.6mi

Price History

Date
Event
Price
10/16/24
Sold
$1,345,000
Condition Rating
Poor
The property is explicitly stated to be 'currently under renovation' with 'exposed framing, no drywall or flooring.' This means it is not habitable and requires substantial work to be completed, aligning with the 'Poor' condition definition. The images confirm this state, showing an unfinished interior with exposed studs and no finished surfaces. While the listing mentions future completion, its current 'as-is' condition is unlivable and requires significant rehabilitation.
Pros & Cons

Pros

Versatile ADU with Income Potential: The attached ADU, complete with a kitchenette and separate access, offers significant flexibility for various uses including a guest suite, home office, or potential rental income.
Customization Opportunity: Buyers have the unique advantage of selecting their preferred finishes, such as countertops and flooring, allowing for personalized design choices.
Prime Manhattan Beach Location: Located in highly desirable Manhattan Beach, the property benefits from its proximity to the beach and the overall prestige of the area.
Corner Lot Advantages: The corner location provides excellent airflow and the rare benefit of abundant open street parking, a significant asset in this beach community.
Comprehensive Renovation: The property is undergoing a full top-to-bottom renovation, promising modern systems and updated aesthetics upon completion.

Cons

Currently Unfinished State: The property is being sold 'as-is' in a raw, unfinished condition with exposed framing and no drywall or flooring, necessitating significant immediate investment and construction.
Extended Completion Timeline: The full renovation is not projected to be completed until December 2025, requiring a long waiting period before the property is move-in ready.
Digitally Enhanced Photos: The listing photos are digitally enhanced and staged, which may not accurately represent the current unfinished state of the property.

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