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

1812 Ocean Drive, Manhattan Beach, California 90266 home-pic-0

1812 Ocean Drive

Manhattan Beach, California 90266

ACTIVE
CONDITION: TEAR DOWN
2Beds
1Baths
690Sq Ft
1,350Lot Size

Property Price

LIST PRICE$4,195,000

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

Tear down
TeardownExcellent

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

9/10

Opal Robinson Elementary School

Grades K-5 • 0.9 mi

9/10

Hermosa View Elementary School

Grades K-3 • 1.9 mi

10/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.04.0
7%
Baths1.04.0
8%
Square foot6902,885.5
1%
Lot Size1,3504,941
6%
Price$4.20M$3.43M
64%
Price per sq ft$6.1K$1.4K
99%
Built year19481985
18%
HOA$0$0
50%
Days on market23175
4%

Pricing History

Listed for Sale

Feb 11, 2026

$4,195,000

Initial Listing

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