1813 5th Street, Manhattan Beach, California 90266, Manhattan Beach, 90266 - 3 bed, 2 bath
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Manhattan Beach, California 90266
This property presents a High-Potential Investment Opportunity with a List Price of $2,350,000—positioned well below the $2,461,576 Fair Market Value by 4%. This valuation gap offers $111,576 in Instant Equity. Featuring a Condition Rating of 4, the 1948 structure offers significant development potential on a 7,501 sqft lot. Located in the Manhattan Unified School District with 9/10 rated schools, this is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build a custom estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1813 5th Street Subject | $2,350,000* List Price | 3 | 2 | 1,742 | $1,413 | - |
A 1652 Voorhees Sold | $2,500,000 | 4 | 2 | 1,746 | $1,432 | 0.4 mi |
B 1769 Gates Sold | $1,675,000 | 2 | 2 | 1,294 | $1,294 | 0.2 mi |
C 926 N Rowell Sold | $2,225,000 | 3 | 2 | 1,464 | $1,520 | 0.6 mi |
D 1320 Curtis Sold | $2,055,000 | 3 | 2 | 1,600 | $1,284 | 0.7 mi |
E 912 N Rowell Sold | $2,170,000 | 3 | 2 | 1,321 | $1,643 | 0.6 mi |
F 449 S Prospect Ave Sold | $2,750,000 | 4 | 3 | 1,904 | $1,444 | 0.9 mi |
G 1505 Wendy Way Sold | $2,350,000 | 2 | 2 | 1,546 | $1,520 | 0.5 mi |
H 424 S Meadows Ave Active | $2,590,000 List Price | 3 | 2 | 1,529 | $1,694 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1948 original with a kitchen and interior finishes that appear to be from a 1980s/90s renovation (30+ years old). While functional and featuring some modern upgrades like a Tesla charger and stainless steel appliances, the cabinetry, tile flooring, and overall aesthetic are dated and require significant modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7501, living area = 1742.
Elementary School: Aurelia Pennekamp Elementary School (9/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
Situated on a quiet cul-de-sac in the highly coveted Mira Costa area, this property offers access to top-rated schools (rating 9/10) and is minutes from the beach, dining, and major transit hubs.
Built in 1948, the existing structure likely requires substantial modernization or a full rebuild to meet the contemporary luxury standards expected in this price point.
The property does not offer the ocean or city light views often sought after in Manhattan Beach, which may limit its appeal compared to other high-end listings in the area.
Located on a quiet cul-de-sac in coveted Manhattan Beach this property presents a myriad of options and opportunities. Update the existing home to your personal tastes, add an ADU, or build a completely new home. This home features 3 bedrooms and 2 bathrooms on a single level. Enter into the sun drenched living room which leads to the dining area. There's a large kitchen with an informal eating area. The primary bedroom and family room have statement fireplaces and each opens up to the expansive backyard. There's an attached 2 car garage, with Tesla electric car charger, and a separate storage room in the back. Enjoy the iconic Southern California lifestyle with easy access to our beautiful beach, great restaurants and shops, parks and award-winning schools. This location is convenient to LAX and the 405 freeway.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 4.0 |
| Square foot | 1,742 | 2,840 |
| Lot Size | 7,501 | 5,009 |
| Price | $2.35M | $3.96M |
| Price per sq ft | $1.3K | $1.5K |
| Built year | 1948 | 1984 |
| HOA | $0 | $0 |
| Days on market | 13 | 48 |
Jul 9, 2026
$2,350,000
Initial Listing