1812 Ocean Drive, Manhattan Beach, California 90266, Manhattan Beach, 90266 - 2 bed, 1 bath

1812 Ocean Drive
Manhattan Beach, California 90266
Property Price
SUMMARY
Analysis of 1812 Ocean Drive, Manhattan Beach, California 90266 is currently available with a list price of $4,195,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Manhattan Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
Built in 1948 and offered for the first time in over 80 years, this property is explicitly marketed as a development opportunity or tear-down. The existing 690-square-foot structure is original and lacks any modern updates to the kitchen, bathroom, or major systems. Given the age, size, and the listing's focus on building a new three-story dream home, the current improvements provide negligible value compared to the land.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
- Prime Sand Section Location
Situated on an elevated corner lot just steps from the strand and downtown Manhattan Beach, the property offers elite walkability to world-class dining, shopping, and the iconic pier.
- Exceptional Development Potential
This rare 'generational gem' provides a blank canvas to build a custom three-story luxury residence, maximizing panoramic ocean views that stretch from Palos Verdes to Malibu.
CONSRISKS & DEFICIENCIES
- Minimal Existing Improvements
The current 690-square-foot structure built in 1948 is significantly undersized for the area, meaning the vast majority of the multi-million dollar investment is in land value alone.
- High Capital Requirement
Beyond the $4.195M acquisition cost, a buyer will need substantial additional capital for demolition and the high costs associated with premium coastal construction and permitting.
About 1812 Ocean Drive
Rare Generational Gem: 1812 Ocean Drive, Manhattan Beach – First Time on Market Since 1941! Steps to the Sand, Endless Potential Awaits Seize this once-in-a-lifetime chance to own a piece of Manhattan Beach history—Just steps to the strand and the beach, and just a few effortless blocks to the buzz of downtown’s world-class dining, shopping, and iconic pier vibe. This legal non-conforming half-lot corner property (18th Place & Ocean Drive) in the elevated part of the Sand Section delivers prime location, underground utilities, and Pacific Ocean views stretching from Palos Verdes to Malibu sunsets. Currently an adorable single-story 2-bedroom, 1-bath upstairs residence (~690 sq ft BTV) with a spacious 3-car garage below offering plenty of parking. But the real prize? Unlimited potential to remodel or tear down and craft your ultimate 3-story dream home—maximizing those panoramic ocean vistas, beach proximity, and coastal luxury living. • Prime Sand Section location – Elevated, walkable to the sand, downtown Manhattan Beach, top-rated schools, and quick hops to LAX & the 405. • Development dream – Build a custom SFR with ocean views from multiple levels; corner lot advantages for light, air, and privacy. • Lifestyle perfection – Wake up to the sound of waves, catch golden-hour sunsets from your future balcony, and enjoy effortless beachside living. This isn’t just a house—it’s a legacy opportunity in one of Southern California’s most coveted beach communities. Properties like this rarely come available, especially with such pedigree and potential. This property sits within the elevated part of the Sand Section complete with underground utilities. Effortless access to LAX and the 405 freeway. Don’t miss your shot at Manhattan Beach royalty. Opportunities this extraordinary vanish fast!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 1,350 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Manhattan Beach Unified Schools
Grand View Elementary School
Grades K-5 • 0.3 mi
Opal Robinson Elementary School
Grades K-5 • 0.9 mi
Hermosa View Elementary School
Grades K-3 • 1.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 7% |
| Baths | 1.0 | 4.0 | 8% |
| Square foot | 690 | 2,885.5 | 1% |
| Lot Size | 1,350 | 4,941 | 6% |
| Price | $4.20M | $3.43M | 64% |
| Price per sq ft | $6.1K | $1.4K | 99% |
| Built year | 1948 | 1985 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 175 | 4% |
Pricing History
Listed for Sale
Feb 11, 2026
$4,195,000
Initial Listing































